Pet grooming

Pet grooming products market size is worth $28.21 billion, globally, by 2028 at a CAGR of 8.3%

NEW YORK, February 23, 2022 /PRNewswire/ — The Insight Partners has released the latest research study on “pet grooming products market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Pet Type (Dogs, Cats and Others), Product Type (Shampoos and Conditioners, Shearing and Trimming Tools, Combs and Brushes and Others) and distribution channel (supermarkets and hypermarkets, specialty stores, online retail and others). population and growing concerns about their well-being and an increase in e-commerce penetration.

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Details

Market size Value in

US$16,099.78 million in 2021

Market Size Value by

$28,216.11 million by 2028

Rate of growth

CAGR of 8.3% from 2021 to 2028

Forecast period

2021-2028

Year of reference

2021

Number of pages

154

Number of tables

82

Number of graphs and figures

82

Historical data available

Yes

Segments Covered

Pet type, product type and distribution channel

Regional scope

North America; Europe; Asia Pacific; Latin America; AEM

Country scope

United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

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Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends

Pet Grooming Products Market: Competitive Landscape:

Some of the major players operating in the pet grooming products market include Ancol Pet Products Limited; Beaphar; Wahl trimmer; The Hartz Mountain Corporation; Johnson’s Veterinary Products Ltd; Earthwhile Endeavours, Inc.; Coastal Pet Products Inc; Nexterma; Glo-Marr Pet Products; and Resco Pet Products.

In 2020, Europe held the largest share of the global pet grooming products market. According to the European Pet Food Federation (FEDIAF), approximately 88 million households in Europe have pets. In 2020, more than 110.1 million cats and 90 million dogs were owned by households in this region. The major trend propelling the growth of the pet grooming products industry is the humanization of pets. Financially stable, seniors living alone prefer to adopt pets and are more interested in maintaining optimal nutrition for their pet; these factors are further contributing to the progress of the pet grooming products market in Europe. Additionally, according to The European Pet Food Industry, in 2019 there were approximately 7.6 million dogs and approximately 14.2 million cats in France. Pet owners are taking more and more care of their pets and their general well-being or physical condition is deteriorating. As a result, rising pet health concerns and high number of pet owners are fueling the expansion of the pet grooming products market in France.

Increased e-commerce penetration to drive the growth of the global pet grooming products market:

As the adoption rate of pets increases, the trend towards parenting and humanizing pets is on the rise. Consumers are increasingly focusing on spending on products that will maintain the health and hygiene of their pets. Increased internet penetration, along with the increase in smartphone usage, is leading to greater acceptability of e-commerce sites. According to an UNCTAD report published in 2021, the dramatic increase in e-commerce amid COVID-19-induced movement restrictions has increased the share of online retail sales from 16% to 19 % in 2020.

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Pet Grooming Products Market: Segmental Overview

Based on pet type, the pet grooming products market is segmented into dogs, cats and others. The dog segment held the largest market share in 2020. In recent years, there has been a massive boom in the pet care industry. According to the National Pet Ownership Survey, conducted by the American Pet Products Association in 2020-2021, pet dog ownership has increased by approximately 67% in US households. The growing number of dog owners among the population and growing concerns about pet health are driving the pet grooming products market. Additionally, the specialized pet products offered by the manufacturers are driving the pet grooming products market forward. People are increasingly concerned about the health and well-being of their pets. The growing demand for pet grooming products may be linked to an increase in the number of pet owners and an increase in consumer awareness of pet health.

On the basis of product type, the pet grooming products market has been segmented into shampoos & conditioners, shearing & trimming tools, combs & brushes, and others. The shampoos and conditioners segment accounted for the largest portion of the global pet grooming products market share in 2020. Good quality pet shampoos and conditioners benefit by killing germs and insects that get cling to the dog’s skin and coat. To give a clean and shiny coat, they eliminate all unwanted germs as well as harmful fleas and ticks. Also, the growing presence of pet grooming salons is expected to boost the demand for products such as shampoos and conditioners.

Based on distribution channel, the pet grooming products market has been segmented into supermarkets & hypermarkets, specialty stores, online retail, and others. The specialty store segment held the largest market share in 2020. Specialty stores focus on a specific product category and offer in-depth product assortments. These stores provide a personalized shopping experience and a positive retail environment for customers.

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Impact of the COVID-19 Pandemic on the Pet Grooming Products Market:

The consumer goods industry during the COVID-19 pandemic has faced unprecedented challenges such as shortage of raw material supply, closure of factories, shortage of labor and equipment. other operational difficulties under COVID-19 safety protocols. However, the companies are gaining traction as governments in various countries have eased restrictions previously imposed. Moreover, the introduction of the COVID-19 vaccine has further eased the situation, leading to an increase in business activities across the world. There has been an increase in the adoption rate of pets during the COVID-19 pandemic, which is positively impacting the pet grooming products market. According to the American Pet Products Association’s (APPA) “COVID-19 Pulse” study, more than 11 million U.S. households have adopted a pet during the pandemic, resulting in notable sales growth across all regions. pet categories, including pet grooming products, pet food, treatments, among others.

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Contact person: Sameer Joshi
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Press release: https://www.theinsightpartners.com/pr/pet-grooming-products-market

SOURCE Insight Partners