Pet Furniture Market Trends | Segmentation, Outlook, Industry Report 2032

 


The pet furniture market is poised to reach a valuation of US$ 5 Bn in 2022. Sales are projected to increase at a 6.2% CAGR, with the market size reaching US$ 9.2 Bn by 2032.

Rising pet adoption around the world has resulted in high demand for pet furniture. Increasing tendency of pet-parents to spend on premium and multi-functional products is expected to augment the growth in the market.

Increasing investments in research and development has led to the introduction of sustainable pet furniture products. Pet care products that provide health and comfort benefits, as well as entertainment for pets are gaining traction in the market.

In addition to this, players are launching new products at online retail channels to improve their regional presence. Consumers are preferring online retail channels across emerging economies due to lack of pet specialty stores. Increasing sales through digital platforms will propel growth in the market over the forecast period.

Click For More Info: https://www.futuremarketinsights.com/reports/pet-furniture-market

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