Press release
Sustainable Pet Beds Market Report, Size, Share, Growth, Trends, Competitive Outlook to 2033
Sustainable Pet Beds Market
The new report published by The Business Research Company, titled Sustainable Pet Beds Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the sustainable pet beds market size has grown strongly in recent years. It will grow from $2.18 billion in 2023 to $2.34 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The sustainable pet beds market size is expected to see strong growth in the next few years. It will grow to $3.15 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%.
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What Is Driving The Growth Of The Global Sustainable Pet Beds Market?
Rising Pet Ownership Drives The Sustainable Pet Bed Market Growth
The increasing pet ownership is expected to propel the growth of the sustainable pet beds market going forward. Pet ownership refers to the legal and ethical responsibility of caring for and controlling a domesticated animal as a companion. The rising pet ownership can be attributed to factors such as companionship and emotional support, improved living standards, urbanization, changing family structures, and increased awareness of the benefits of pet ownership for health and well-being. The increase in pet ownership directly translates to a larger market for pet products, including beds. This growth creates opportunities for companies specializing in sustainable pet beds made from recycled, organic, and biodegradable materials. For instance, in October 2023, according to the American Pet Products Association, a US-based non-profit association, 86.9 million US households owned a pet, which is 66% of households in 2022. Additionally, in November 2022, according to Animal Medicines Australia, an Australia-based association representing animal health, 69% of households owned pets in Australia in 2022. Therefore, the growing consumer demand for eco-friendly products drives the sustainable pet bed market.
What Is The Key Trend In The Global Sustainable Pet Beds Market?
Innovative Eco-Friendly Pet Beds Enhancing Comfort And Sustainability
Major companies operating in the sustainable pet beds market are developing natural and breathable dog beds to enhance pet comfort while minimizing environmental impact and promoting healthier living conditions for pets and their owners. Natural and breathable dog beds are made from eco-friendly materials free of synthetic additives or chemicals. For instance, in December 2022, Bearaby, a US-based sustainable wellness brand, launched Pupper Pod. It is constructed from patented melofoam made from 100% natural organic rubber, which is both biodegradable and cruelty-free. The OEKO-TEX-certified outer cotton cover is free from harmful chemicals. This dog bed is designed to mold to a dog's body, providing the benefits of deep touch pressure, which can help alleviate stress and anxiety in pets. It includes a carrying case, making it easy to transport for travel or outdoor adventures. It features a removable, machine-washable cover with waterproof inner foam for easy cleaning.
How Is The Global Sustainable Pet Beds Market Segmented?
The sustainable pet beds market covered in this report is segmented -
1) By Type: Small, Medium, Large
2) By Product: Bolster, Cave, Mat, Other Product Types
3) By Pet Type: Dog, Cat, Other Pet Types
4) By Sales Channel: Hypermarket Or Supermarket, Specialty Stores, Online, Other Sales Channels
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How Is The Competitive Landscape Of The Global Sustainable Pet Beds Market?
Major companies operating in the sustainable pet beds market are Petmate, Saatva Inc., Brentwood Home, The Labrador Company, Avocado Mattress LLC, K&H Pet Products, The Kind Pet, Soggy Doggy Productions, PetPals Group Inc., K9 Ballistics, Big Barker LLC, Sherpa Pet, Jax & Bones, Green Pet Shop, NaturoPet, Wanderruff, Rover Pet Products, Earthdog, Molly Mutt, West Paw
Contents Of The Global Sustainable Pet Beds Market
1. Executive Summary
2. Sustainable Pet Beds Market Report Structure
3. Sustainable Pet Beds Market Trends And Strategies
4. Sustainable Pet Beds Market - Macro Economic Scenario
5. Sustainable Pet Beds Market Size And Growth
…..
27. Sustainable Pet Beds Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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