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Pet parents keep the market afloat

Increasing humanisation of pets has led to a resilience in the pet accessories market even through a difficult economic climate.

AMA Research has published its ninth edition of ‘Pet Accessories Market Report – UK 2015-2019 Analysis’. The report has information on recent trends and issues as well as a forecast for the next few years.

Key influences which have increased resilience of the pet accessory market are pet ownership levels, trends in the types of pet owned, a demand for more convenient products and the increasing humanisation of pets, with the latter representing one of the most important reasons.

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However, the market for pet accessories still remains competitive and low-cost imports are a key feature in some product segments, such as toys.

Future prospects for pet accessories are relatively bright and the market is forecast to experience steady growth rates until 2019.

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