Report ID: SQMIG25S2025
Report ID:
SQMIG25S2025 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
92 |
Figures:
76
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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Report ID: SQMIG25S2025