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Despite the economy barely growing and households short on disposable income, most still spend a significant amount on pet care.

According to the annual BrandMapp survey, South Africa’s middle-income base contributes more to the pet market valued at over R8 billion a year.

Ultimate Pet Care, the largest mobile grooming parlor in the country, says households spend an average of R2000 and above for pet care.

Hannes Roodt runs a grooming parlor that boasts 50-plus franchises. Together they groom just under 10 000 dogs a month. Just last year, the business expanded and added a pet

For the ongoing health of the industry, should pet food manufacturers and pet retailers pull back from the common, long-held strategy of focusing mainly on superpremium products and their purchasers?

That’s a concept posed by Bryan Jaffe, managing director, and John Gulvezan, vice president, of Cascadia Capital, an investment firm that closely tracks the pet industry. In their “Pet Industry Overview, Spring 2023” report, they wrote about what they see as a trend toward the industry bifurcating into two markets: superpremium and economy, “with affluent pet owner spend offsetting declining ownership and lower spend from median pet owners. ”

Continued

Pune, India, Nov. 02, 2023 (GLOBE NEWSWIRE) — The global pet clothing market size was USD 5.01 billion in 2020 and is projected to grow from USD 5.17 billion in 2021 to USD 7 billion in 2028 at a CAGR of 4.4% during the 2021-2028 period . Factors such as the growing preference for sustainable clothing and the increasing focus on the introduction of innovative pet clothing are expected to favor the market growth during the forecast period.

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https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/pet-clothing-market-104419

List of Key Players Profiled in the Pet Clothing Market:

• L. Shareholding Company Ltd. (Oxford, UK)