Hobby & Leisure market in Iceland

The Icelandic Hobby & Leisure eCommerce market is predicted to reach US$218.9 million by 2024 and accounts for 25.0% of the total eCommerce market in Iceland. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 5.9%, resulting in a projected market volume of US$274.9 million by 2028. Within the Hobby & Leisure market ECDB considers the following twelve sub-markets: Media, Sports Equipment, Pet Supplies, Stationery, Crafts & Art Supplies, Toys, Bullion & Precious Metal, Camping & Adventure, Musical Instruments, Flowers & Gifts, Other Hobby & Leisure, Erotic & Adult, and Smoking Supplies.

Market development

eCommerce revenue development in the Cat Supplies market in Iceland

The Icelandic Cat Supplies eCommerce market is predicted to reach US$8.9 million by 2024 and accounts for 35.0% of the Pet Supplies eCommerce market in Iceland. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 9.0%, resulting in a projected market volume of US$12.6 million by 2028. The Cat Supplies eCommerce market is a sub-market of the Pet Supplies market. Further categories within the Pet Supplies market are: Bird Supplies, Dog Supplies, Fish Supplies, Horse Supplies, and Other Pet Supplies.

eCommerce revenue development in the Cat Supplies market in Iceland

in million US$

Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.

Source: ECDB analysis

eCommerce revenue growth in the Cat Supplies market in Iceland

in %

Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.

Source: ECDB analysis

Net eCommerce revenue split by sub-category

in %

Note: Data shown is using current exchange rates.

Source: ECDB analysis

20202021202220232024202520262027
Revenue (in mUS$)0.00.00.00.00.00.00.00.0
Growth (in %)61.521.859.934.980.180.064.195.7

Online share

eCommerce online share of the total Cat Supplies market in Iceland

The online share refers to the proportion of the retail volume that is transacted via the Internet. It includes purchases via desktop PC, tablet or smartphone, both via website or app. Only retail of physical goods is taken into account. In the Icelandic Cat Supplies retail market, the online share is 5.1% and will increase by an average of 1.7% to 5.4% by 2028.

eCommerce online share of the total Cat Supplies market in Iceland

in %

Note: Data shown is using current exchange rates.

Source: Statista Market Insights , ECDB analysis

20202021202220232024202520262027
Online share (in %)3.2%37.1%23.7%27.3%20.0%71.6%55.7%78.3%

Market definition

Definition of the Cat Supplies market within the Hobby & Leisure market

Market definition: Hobby & Leisure > Pet Supplies > Cat Supplies The category Cat Supplies includes the online trade of cat food and treats, cat toys, cat beds and beddings, and more. This category does not cover cat sitting services. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Cat food and treats
  • Cat toys
  • Cat beds and beddings
  • Cat litter and litter boxes
  • Cat carriers and crates
  • Cat grooming supplies

Out-of-scope

  • Cat sitting services

Market comparison

The Icelandic Cat Supplies market in a global comparison

Market comparison by growth, online share, and revenue in 2023

in %

Source: ECDB analysis