Pet Grooming Products Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Segmentation of Dogs, Cats and Other Pet Types
NEW YORK, USA, January 28, 2022 /EINPresswire.com/ — According to our latest market research on “pet grooming products market Forecast to 2028 – Impact of COVID-19 and Global Analysis – By Animal Type, Product Type, Distribution Channel and Geography, Pet Grooming Products Market Size is expected to reach 28,216.11 million USD by 2028 compared to USD 16,099.78 million in 2020; it is expected to grow at a CAGR of 8.3% from 2021 to 2028. The report highlights the key factors driving the growth of the Pet Grooming Products market and the major players along with their developments in the market.
Report Cover – Details
Market size value in – 16,099.78 million US$ in 2021
Market size value of – USD 16,099.78 million in 2021
Growth rate – CAGR of 8.3% from 2021 to 2028
Forecast Period – 2021-2028
Base year – 2021
Number of pages – 154
Number of paintings – 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
National reach – United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report Coverage – Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors and Trends
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There has been an increase in the rate of pet ownership across the world, which has led to an increase in the demand for pet grooming products. Regions such as North America and Europe are witnessing an increase in the number of pet adoptions, which has made these regions a favorable market for pet grooming products. Factors such as life stage (single or couple), household size and consumer income may contribute to the increased prevalence of pet ownership in the population. According to the American Pet Product Association (APPA) National Pet Ownership Survey, 70% of US households own a pet, which equates to 90.5 million households.
A continuous increase in the number and ownership of pets contributes to the growth of sales of pet products in the domestic and international markets. Due to the growing trend of humanizing pets, pet owners are increasingly interested in pet health and nutrition, which in turn is driving the sales of pets. pet grooming products. The growing trend of adopting pets as companions for families is expected to propel the demand for pet grooming products in the coming years. The adoption of pets has led to an increase in the number of pet products, such as shampoo, conditioner, shearing and cutting tools, combs and brushes, in the market. Additionally, growing concern for pet health and increasing disposable income of pet owners are some of the major factors driving the growth of the pet grooming products market.
Impact of COVID-19 Pandemic on Pet Grooming Products Market Growth
Shutdown of manufacturing units, difficulty in sourcing raw materials, restriction in logistics have had a negative impact on the growth of the pet grooming products market from a supply perspective. However, there has been an increase in the adoption rate of pets during the COVID-19 pandemic, which is positively impacting the growth of the pet grooming products market. According to the World Economic Forum, there was an increase in Google searches for pets, including the adoption of dogs and cats, during the early stages of the pandemic. There was a 250% increase in global searches by potential pet owners in April and May 2020, compared to the same period in 2019. Along with this, the closure of pet grooming facilities led to an increase in the number of do-it-yourselfers. (DIV) which allowed pet parents to learn about home grooming during confinement.
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The pet grooming products market, by pet type, is segmented into dogs, cats and others. Based on product type, the market is segmented into shampoos & conditioners, shearing & cutting tools, combs & brushes, and others. The pet grooming products market, by distribution channel, is segmented into supermarkets & hypermarkets, specialty stores, online retail and others. By geography, the pet grooming products market is broadly segmented into North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
Pet Grooming Products Market: Competitive Landscape and Key Developments
A few of the major players operating in the global pet grooming products market include Ancol Pet Products Limited; Beaphar; Wahl clipper; 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. The players operating in the market are highly focused on developing innovative and high quality product offerings to meet customer requirements.
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