Report ID: SQMIG25S2025
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.
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Report ID: SQMIG25S2025