It's the most wonderful time of the year! No, we're not talking about Christmas (although we do love the holidays); we're talking about Pantone's Color of the Year announcement, and for 2013, that color is Emerald (Pantone 17-5641).

The Color of the Year decision isn't taken lightly; Pantone looks at color influences from all walks of life, all over the world. Inspiration comes from the entertainment industry, popular travel destinations, fashion runways, interior design and much more. And the chosen color has proven to be influential in everything from art to product packaging. And, of course, pet products!

"Lively. Radiant. Lush… A color of elegance and beauty that enhances our sense of well-being, balance and harmony" is the description provided by Pantone, which makes it perfect for outfitting our four-legged friends. There is already a wide variety of products on the market featuring this verdant jewel tone, but you can expect to see many, many more in the coming months.

Products clockwise from far left: Molly and Friends 66” Condo, Bed and Cradles Cat Tree, $319.99 at Wayfair | Orbee-Tuff RecycleBONE, $11.95 at Planet Dog | Green & Red no-stink collar, $16.80 at Dublin Dog | Handknit Chunky Sweater, $49 at Trixie and Peanut (available in eight sizes) | Neko Habitat Pan Modern Pet Bed, $103.99 at AllModern