Global Pet Accessories Market to Hit $55.4B

The global market for pet accessories is likely to climb to $55.4 billion in 2030 from an estimated $32.7 billion in 2022, according to a new report.

That would equate to a compound annual growth rate of 6.8%, according to the report, called “Pet Accessories: Global Strategic Business Report,” from ResearchAndMarkets.com.

Pet toys, one of the segments analyzed in the report, is projected to record a compound annual growth rate of 7.4% and reach $24.7 billion by the end of the analysis period.

The pet accessories market in the U.S. is estimated at $12.9 billion in 2022, according to a press release.