USD 5.32 billion
Report ID:
SQMIG25S2025 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
92
|Figures:
76
Pet Grooming Products Market size was valued at USD 5.32 billion in 2022 and is poised to grow from USD 5.69 billion in 2023 to USD 8.73 billion by 2031, growing at a CAGR of 7% in the forecast period (2024-2031).
Rising adoption of pets, increased humanization, and continuous growth in the spending on several pet products such as grooming, food, and other accessories are the major factors driving the growth of the global pet grooming products market. Furthermore, increasing awareness among global population regarding pet health and is another major factor expected to create high demand for pet grooming products over the forecast period.
Moreover, in the last few years, the adoption rate of pet animals among many developed countries has increased significantly coupled with the increased spending on animal’s health. People are viewing them as their family member and are much willing to maintain their good health, as a result, they are more likely to spend their money and time on their pets. For instance, according to WGF GmbH, in 2019, around 47% of overall German households included an animal as a pet. Similarly, according to the American Pet Product Association National Pet Owners Survey, about 70% of United States households own a pet animal, which is around 90.5 million homes.
Shift in consumer preferences towards high-quality products and accessories with a wide range of grooming services for their pets, is also likely to fuel the market growth during the forecast period. In addition, mobile pet grooming services have gained huge popularity around the world with specially designed vehicles for travelling and providing complete range of services at right to their door. These features have eliminated the need to stand in a line for the pet grooming services. All these factors are likely to propel the global pet grooming market over the forecast period.
Global Market Size
USD 5.32 billion
Largest Segment
Shampoo & Conditioner
Fastest Growth
Shampoo & Conditioner
Growth Rate
7% CAGR
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Global pet grooming products market is segmented on the basis of product type, distribution channel, pet type, and region. By product type, the market is sub-segmented into shampoo & conditioner, shear & trimming tools, combs & brushes, and others. By distribution channel, the market is categorized into supermarkets, specialty stores, online, and others. By pet type, the market is categorized into dogs, cats, and others. By region, the market is divided into North America, Europe, Asia Pacific, Latin America, and MEA.
Pet Grooming Products Market Analysis by Product Type
By product type, shampoo & conditioner segment accounted for the largest market share of over 52% in 2021. Increasing hygiene needs of companion animals across the globe is the major driving factor of the market. These types of pet grooming products are specially manufactured and formulated for pet care coupled with the purpose of conditioning and cleaning the skin and hair of the animals. Moreover, several manufacturers of grooming products like shampoo & conditioner have innovated various types of medicated shampoos with specific formulations to protect them from skin related problems and diseases. This has resulted in high adoption of these products among people for their pets, and it has led to the rising growth and demand for the shampoos & conditioners over the forecast period.
Pet Grooming Products Market Analysis by Distribution Channel
By distribution channel, the offline segment including supermarkets and specialty stores dominated the market with a holding of more than 70.1% in 2021. Wide range of products availability from several brands, ability to check product, and display of original products are the major factors driving the segment growth. Furthermore, growing investment by key players for the expansion of their market reach, is further expected to contribute to the growth of the market.
However, with the growing technology coupled with the rising number of innovation and consumer inclination towards e-commerce, online shopping platforms have been gaining huge popularity due to the several benefits of online shopping such as availability of almost all global brands, no need for bargaining, and free home delivery. As a result, the online segment is expected to grow at a significant CAGR during the forecast period.
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Globally, North America held the largest global pet grooming products market share in 2021 and is expected to maintain its dominance throughout the forecast period. The huge presence of pet grooming parlours, increase in expenditure on pets, and rising pet ownership are the major factors driving the market growth in the region. According to American Pet Products Association, around 90 million dogs and nearly 94 million cats have been adopted in the United States and total spent on pets was around USD 109.6 billion in 2021. Hence, increased in expenditure and high adoption of companion animals in the region have created lucrative growth opportunities.
Moreover, Asia Pacific is expected to register fastest CAGR during the forecast period. Increase in urbanization and continuously growing western culture are the major factors expected to accelerate the growth of the pet grooming market over the forecast period. In addition, continuously growing investments by large international companies into the developing nations like India and China through opening their brands specialty stores is also projected to fuel the growth of the market in the coming years. According to our findings, there are more than 10.2 million pet dogs in India and it is expected to reach a volume of around 31 million by 2023. This increase in the number of pet dogs, are expected to results in a significant growth in the demand for pet grooming products in the region.
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Pet Grooming Products Market Drivers
Pet Grooming Products Market Restraint
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Global pet grooming products market is highly fragmented with the presence of several small and large market players operating all over the world. Major companies of the market are implementing on several business strategies such as new product launches, acquisition & mergers, collaboration, and partnerships for the expansion of their geographical presence and their product portfolio.
Pet Grooming Products Market Top Player’s Company Profiles
Pet Grooming Products Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global pet grooming market analysis, the market is witnessing a strong growth during the forecast period owing to easy availability of pet grooming products in supermarkets and other convenience stores, rapid growth in the adoption of pets in developing nations, and increasing investment by key market players for elaborating their market reach and range of products. Furthermore, an extensive rise in the expenditure on pet grooming products across many developed countries like US and Canada is further expected to boost the growth of the market in the coming years.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 5.32 billion |
Market size value in 2031 | USD 8.73 billion |
Growth Rate | 7% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Pet Grooming Products Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Pet Grooming Products Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Pet Grooming Products Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Pet Grooming Products Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG25S2025
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