Pet grooming

Pet grooming market is expected to reach US$1.3 billion in 2022 and US$2.5 billion

The pet grooming market valuation is expected to reach US$1.3 billion in 2022. The growing trend of humanization of pets globally is driving the demand for pet grooming products, which is expected to boost sales at a healthy CAGR of 6.2%. In this context, the market valuation will reach 2.5 billion US dollars by 2032.

While supply shortages affected the performance of market capital in the first quarter of 2020 and the first weeks of the second quarter of 2020, the sharp drop in consumer demand was the key factor in the decline in sales. Closures and measures induced by COVID-19 have triggered physical store closures for long periods of time around the world, resulting in a noticeable drop in demand.

Pet Grooming Market Size Study

Sales of pet grooming products will increase almost twice between 2022 and 2032
About 6 in 10 pet grooming products sold will be conditioners and shampoos
The majority of pet grooming products will be developed for dogs and cats
Budget/Mid-Range Pet Grooming Products Continue to Generate Higher Total Shareholder Returns
Market players will channel their investments into modern commerce over the next decade
North America and Europe will remain the epicenter of growth opportunities, due to the growing trend towards the humanization of pets

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“Retailers need to move from budget and mid-priced grooming products to premium products to encourage pet owners to spend more and enjoy better quality. Ensuring an improved customer experience in click and brick-and-mortar stores will pet owners to take advantage of both offline and online platforms,” says an IMF analyst.

Impact of COVID-19 on the Pet Grooming Market

While the global retail industry has been hit hard due to the COVID-19 pandemic, in particular, some industry sub-categories have felt the shock waves, thanks to the lockdown protocol. Among these is the pet grooming market.

New market entrants are actively seeking counter-cyclical categories amid the public health crisis. Future approved business models must include a competitive pricing structure, a clear value proposition and a unique delivery mechanism. Additionally, stakeholders should be sure to include subject matter experts, including qualified companion animal professionals, on their advisory board to authenticate medical claims, product concepts, and provide credibility.

As more people own pets and owners spend more and more to improve the health and lifestyle of their pets, the global pet grooming industry will see growth. unprecedented during this difficult phase.

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Pet Grooming Market – Competitive Intelligence

The global pet grooming market is highly fragmented with the presence of several players joining the industry competition. Market players are continuously involved in the development of cutting-edge products with the aim of expanding their consumer base and hence securing better margins. For instance,

Based in Australia, Oakwood Products has rolled out the assembly of pet care and grooming products in the United States. The products – derived from ingredients native to Australia – are developed to keep pets’ coats professionally shiny and clean. The set includes nine product references containing conditioners, shampoos, pet stain and odor removers and grooming tools.

Atronia Innovations has developed a new pet grooming device – Groomade – using state-of-the-art air-touch technology. Proprietary technology ensures that anyone unskilled can trim, comb and groom their pet’s hair and fur like professionals. In addition, the innovative product creates perfect cuts, is ideal for all hair types and breeds of dogs and sucks up every strand of hair that falls during the grooming session.
Pet Grooming Market by Category

Type of product:

Hair conditioners and shampoos
Combs and Brushes
Shearing and cutting tools
Type of animal:

Dogs
Cats
Birds
Fish & Reptiles
Small Animals
Horses and other farm animals
Price scale:

Economy/ Midrange
Prime
Sales channel :

modern trade
convenience stores
Care service centers
Online retail
Supportive care centers
Pet specialty stores
Region:

North America
Latin America
Eastern Europe
Western Europe
Asia-Pacific excluding China and Japan
Japan
China
Middle East and Africa

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Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 10 years.

This press release was published on openPR.