PORTLAND, OREGON, USA, August 8, 2022 /EINPresswire.com/ – Pet Grooming Products Market Outlook – 2031
• The pet shampoo and conditioner market is expected to grow at a CAGR of 5.0% in terms of value during the forecast period.
•With a substantial CAGR of 3.9% in value terms, North America is expected to lead the market.
• Asia-Pacific is expected to grow rapidly over the projection period, with a CAGR of 6.2% in value terms.
•With a CAGR of 4.9%, the supermarket/hypermarket distribution channel is expected to dominate the global pet grooming products market.
• In 2017, China accounted for more than half of the pet grooming market in the Asia-Pacific region.
• India is expected to grow at a CAGR of 7.6% in the global pet grooming products market.
Analysts’ perspective on the global pet grooming products market
The pet industry has grown rapidly due to the humanization of pets in both developed and developing regions. Pet owners are increasingly nursing their cats, dogs, birds and other pets like family members, and therefore purchasing various pet supplies is more functional as health becomes a priority important. Products designed to meet the health and hygiene needs of pets encourage owners to increase annual spending on pet grooming products and services
Introducing Global Pet Grooming Products
According to a new report published by Allied Market Research, the pet grooming products market is expected to reach $5,488 million by 2025, growing at a CAGR of 4.5% from 2018 to 2025.
The development of the global pet grooming products market is fueled by the increase in the trend of nuclear households, the increasing humanization of pets and the growing awareness of pet health. Additionally, rising e-commerce sales and growth in the number of pet owners in developing countries provide opportunities for industry players. However, it is anticipated that growing concerns over pet allergies might hamper the expansion of the market.
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Living with a pet helps people deal with stress and despair. Walking a cat or dog or doing other kind gestures like this can help someone feel better and lower their blood pressure. As a result, more than half of the people in the world own at least one pet, with dogs being the most common, followed by cats. The care and maintenance of an animal’s health and well-being is called animal grooming. The pet grooming products market is growing rapidly across the globe owing to the increase in pet ownership, humanization of pets, and demands for premiumization. The health and fitness of pets has improved due to increasing humanization and increased awareness of the ethical treatment of animals. The increase in pet ownership has led to an increase in the demand for pets.
According to the Asthma and Allergy Foundation of America, nearly 30% of Americans with allergies have allergic reactions to cats and dogs. Cat and dog allergies can cause a variety of symptoms, including a runny nose, swelling and itching of the skin membrane, and itchy and watery eyes. Pet allergies are becoming more common among individuals, which limits pet adoption rates and hampers the expansion of the pet grooming products market.
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Pet shampoos and conditioners are expected to see a significant increase in their market share, as they not only keep pets clean, but also help prevent skin conditions and hair loss.
Key players profiled in the report are Ancol Pet Product Limited, Beaphar, Ferplast SPA, Johnsons Veterinary Products Ltd., PetEdge, Rolf C. Hagen Inc., Rosewood Pet Products, Ryans Pet Supplies, The Hartz Mountain Corporation, and Wahl Clipper Corporation.
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Other significant players in the pet grooming products industry are Pet Brands Ltd. (UK), Just For Pets Ltd. (UK), Bob Martin (UK), Petco Animal Supplies, Inc. (USA) and Groomers Delight (New Zealand). )
Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unparalleled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
Allied Analytics LLP
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