Dog Coats for Winter Market Forecast and CAGR
According to latest research by Fact.MR, dog coat for market is set to witness moderate growth during 2021-2031. Demand for dog coat for winter witness steady recovery in short-term, with optimistic growth outlook in the long-run. Increasing concern towards pet’s health and advancing fashion industry to boost demand for dog coat for winter.
During the historical period 2016-2020, the demand for product grew at a snail’s pace. The trend is set to upgrade itself, attributed to high pet adoption rates in both emerging and developed economies, as well as growing concern about pet health.
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What is Driving Demand for Dog Coat for Winter?
Increasing concern towards pet health during winter is seen as one of the most important factor driving demand for the coats. As temperature falls below 45OF some breed of dogs will start getting uncomfortable and need for protection arises. Furthermore, depending on dog’s breed and size need for coat arises. As small dogs need coat when they are out for walk in condition below 32OF, this is due to fact that their body is not capable of generating required amount of heat.
Bigger breed of dog like Labrador’s, Huskies, or Golden Retrievers with thicker covers won’t require a coat or sweater for playing or strolling in the snow. As snow is packed in their hair and won’t reach till skin surface. However, dog owner is required to remove these snow timely to avoid further health issue with dog. These is the reason why some of dog large breed dog owners are also shifting towards purchasing of dog coats.
In addition to aforementioned factors, changing lifestyle and ascending fashion industry is further providing numerous market opportunities for cog coats during the forecast period.
Impact of Covid-19 Pandemic on Dog Coat for Winter Market
Inconvenience of lockdown has brought about keeping inhabitants at home. These has brought about expanded adoption pace of pets in nations with high individualism index. For instance, shelter houses in US are confronting popularity for pet selection in the midst of rise of work from home culture. To be careful during April-December 2020 pet appropriation rate in western nations hopped over 35%.
Climbing interest for pet has additionally brought about giving various market freedoms to pet accessories and food items. With soaring pet adoption rate and mounting emotional connection with pets since last decade has brought about propelling interest for pet related items and services. However, as delayed consequence of halted production and disrupted supply chain inventory network has adversely affected interest.
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US and Russia Dog Coat for Winter Market Outlook
With pet dog population of more than 89.7 Mn United States is one of the largest markets for winter dog coats. Furthermore, as US is among cold countries with non-uniform temperature across year, which is penetrating demand for winter or cold clothes not only for humans, but also for pets as well. According to American Pet Product Association (APPA), more than US$ 500 are spend on dog’s clothing annually. These reflects reason behind high growth rate in US for dog clothing and fashion industry.
On the other hand, Europe is also seen as holding significant market shares in dog coat for winter market. Russia, Finland, BENELUX and Denmark are among countries with considerable snow fall.
With Russia based government allowing households to adopt 5 dogs and with special mandate number of adopted dog can be increased on case basic. Dog adoption rate in these country is experiencing skyrocketing growth in recent past. High adoption rate coupled with cold climatic condition to facilitate numerous growth opportunities for market in these country.
Dog Coat for Winter Market: Geographical Outlook
In terms of regional classification, the report “Dog Coat for Winter Market” focuses on six key regions: North America, Latin America, Europe, East Asia, South Asia, and the Middle East and Africa. Among all of them, North America holds a dominant position, accounting for a larger share of the dog coat for winter market during the assessment period. Increasing demand owing to climatic conditions along with the heightened disposable income of pet owners.
Over the next decade, the Europe dog coat for winter market is expected to outperform and grow significantly. The region is expected to dominate the dog coat for winter market, capturing comparatively a larger chunk of market share.
On the other hand, winter coat for dogs is poised to experience growth rate with snail’s pace in Asia region. Main reason behind slow growth rate of market in this region is its climatic condition which is not too cold.
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Who are the Key Manufacturers and Suppliers of Dog Coat for Winters?
Some of the leading manufacturers and suppliers of dog coats for winter include
- The Dog Outdoors
- Ruffwear Powder Hound
- Abaan International
- Doggie Coats
- Prima International
Prominent manufacturers in these market are continuous focusing towards product innovation in order to ensure more safety to dog. For instance, Hurtta has introduced extremer warmer a thermal tricot hood, these can be used to provide warmth to dog’s head and years. In addition to product innovation, key players are also collaborating with e-commerce platform to ensure their presence in the global pet product industry.
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