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Bird Cages and Accessories Market Analysis By Future Demand, Top Players, Size, Share, Opportunities, Revenue and Growth Rate Through 2032
According to FMI research, the bird cages and accessories market is estimated at US$ 2.5 billion in 2022 and is projected to reach US$ 4.1 billion by 2032. The market is expected to grow at a CAGR of 5% during the forecast period.
The bird cages and accessories market is forecasted to advance due to a surge in pet adoption rates across both developed and developing nations. Increased demand for decorative cages is anticipated to be a significant driver for market growth. Additionally, the rising disposable income and improved standard of living among consumers are poised to exert a positive influence on the market.
The burgeoning e-commerce sector, coupled with a wide array of cage options and accessories, is expected to have a favorable impact on the pet supplies and bird cages and accessories market. Consumers prioritize strong, non-toxic, and easy-to-clean bird cages in their purchasing decisions.
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Additionally, in the present days manufacturers pay more attention to product quality. For the assurance of this, they are using high quality products so that these organizations would provide cage and accessories free from toxic materials natural environment for their soft bodies. This may raise the sales of bird cages and accessories during forecast period.
However, if there is a sub niche which has greatly furthered the growth of the market, it is the poultry cages segment. There has been an increase in the consumption of poultry products as they ensure a healthy body.
Another reason why the poultry cages are a huge source of revenue for the market is because people can afford to start a business in this niche because of the requirement of low capital.
Thus, from the insights presented by FMI, it can be inferred that an increase in the disposable income, coupled with the rise of the poultry cage market, and many other factors are expected to drive the bird cages and accessories market.
Competitive Landscape
The key players are making the best use of the available technology to manufacture top quality products. Additionally, the market is also experiencing a number of mergers and acquisitions because of a variety of reasons, some of which are product diversification, and entering into new regions.
Some of the recent developments are:
In May 2022, Prevue Pet Products received the prestigious Vanguard award for avian merchandising.
In July 2022, Salmet had developed SalProgress+, which is a unique way of installing a wide array of sensors and other data collectors in poultry farms.
Key Companies Profiled in Bird Cages and Accessories Market
Prevue Pet Products
Qiheng Pet Products Manufactory Co Ltd Company
A&E
Mcage
Entirelypets
Beruru
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