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The pet grooming products market size is estimated to grow at a CAGR of 5.85% between 2022 and 2027. The market size is forecast to increase by USD 6,989.14 million. The accelerated growth of the market is by various factors, including the humanization of pets, the shifting preference toward natural and organic pet grooming products, and the rising concept of pet education.
This pet grooming products market report extensively covers market segmentation by distribution channel (offline and online), product (pet shampoo and conditioner, pet brushes and combs, and others), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The humanization of pets is driving market growth. There is a trend towards considering pets as part of the family which is making their health and well-being of top priority for their owners. This has increased demand for organic food, luxury beds, and advanced healthcare services, and other premium pet products.
Therefore, pet owners are willing to pay even more for pet products that ensure higher health benefits or convenience. This is based on the conception that pets also have feelings and emotional needs and must be treated with love, care, and respect. Hence, this is expected to result in the growth of the global pet grooming products market during the forecast period.
The popularity of pet fashion among owners is a key trend in the market. Certain pet owners are spending money on more luxurious and fashionable pet products. For catering to this demand, competitors in the global pet grooming market are launching several fashionable products in the grooming and accessories segment. This is expected to increase the demand in the global pet grooming products market.
These products come in different sizes, colors, raw materials, and varieties to appeal to a larger and more diverse customer base. Examples of such products include cat and dog collars with rhinestones and solitaire, dog collars with bow ties, studded fox leather leashes, raincoats, winter coats, and scarves to enhance the look of their pets. This is expected to increase demand for the global pet grooming products market during the forecast period.
The regulatory hurdles for vendors in the market are challenging market growth. Regulations that apply to this market vary from region to region. Hence, companies that have international trade and cross-border operations must ensure they adhere to these rules and regulations which ensure pet food safety. In recent years, there have been several pet food recalls due to food safety issues such as the presence of biological, chemical, physical, and allergenic hazards.
Moreover, they must set preventive measures in the manufacturing facility to meet the new regulations set up by regulatory bodies. Such regulations and the complexity of compliance can cause high stress among manufacturers. Hence stringent regulations shall hinder the growth of the global pet grooming products market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Pet Grooming Products Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ABK Imports Pvt. Ltd. - The company offers pet grooming products such as shampoo, clippers, and blades.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The offline segment is estimated to witness significant growth during the forecast period. They include hypermarkets like Walmart Inc. (Walmart) and Target Corp, supermarkets, and convenience stores. Business store expansion by retailers has also resulted in various options for quality pet food, accessories, and grooming services for pets. Additionally, there are even mobile pet grooming services that might even deliver the service to one’s doorstep with specially equipped vehicles.
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The offline segment was the largest segment and was valued at USD 13,966.67 million in 2017. There is also the option of the online-to-offline (O2O) channel that some vendors use to enhance sales. It involves in-store pickup of goods purchased online and vice versa as well as return of online purchased goods to physical stores. Such strategies shall help vendors further tap into a larger consumer base and result in further growth of the market during the forecast period.
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North America is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
North America is the largest region in the pet grooming products market globally. Some key features in this market are dedicated pet apps that enable owners to dietary intake, playtime, and health routines of their pets. Owners are increasingly investing in taking the best possible care of their animals due to rising awareness of pet diseases and higher consumer disposable income. As a result, there is currently an increase in spending on pet grooming and pet insurance. However, the largest category of pet grooming in the region is organic, wholesome, and healthy pet food. Hence, the growth will be driven by the increasing demand for animal food and a preference for pet insurance during the forecast period.
The COVID-19 pandemic had a mixed impact on the regional pet grooming products market. Initially, there was a decline in pet ownership due to the lockdown. However, it reversed due to people looking to pets for comfort and companionship during the pandemic. Due to the lockdown, there has been an increasing surge in pet adoption rates as well as pet food, toys, and veterinary services. Additionally, there has been a shift towards E-commerce which is also likely to contribute to the growth of the global pet grooming products market during the forecast period.
The pet grooming products market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Pet Grooming Products Market Scope |
|
Report Coverage |
Details |
Page number |
147 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.85% |
Market growth 2023-2027 |
USD 6,989.14 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.67 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 42% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABK Imports Pvt. Ltd., Ancol Pet Products Ltd., Boss Holdings Inc., Coastal Pet Products Inc., Earth Paws Pvt. Ltd., Ferplast Spa, Glenand, Hagen Group, Himalaya Wellness Co., Johnsons Veterinary Products Ltd., MEDILOGY BIOTECH, Mutneys Professional Pet Care Ltd., PawsnCollars, Pet Brands Ltd., RESCO, Rosewood Pet Products Ltd., SynergyLabs, The Hounds Coat, Wahl Clipper Corp., and Hartz Mountain Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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