The Pet Grooming Products Market Forecast to 2028 – COVID-19 Impact and Global Analysis –By Pet Type {Dogs, Cats, Others}; By Product Type {Shampoos and Conditioners, Shear and Trimming Tools, Combs and Brushes, Others}; By Distribution Channel {Supermarkets and Hypermarkets, Specialty Stores, Online Retail, Others,” includes the factors fueling the market growth, revenue estimation and forecast, and market share analysis. The report also identifies significant market players and their key developments.
The pet grooming products market size was valued at US$ 16,099.78 million in 2021 and is projected to reach US$ 28,216.11 million by 2028; it is expected to grow at a CAGR of 8.3% from 2021 to 2028. Pet grooming refers to the maintenance of the well-being and health of animals. The growing trend of humanization of pets and increasing awareness about pet grooming products drive the pet grooming products market growth. Furthermore, increasing research and development activities to develop new products and increasing trend of pet cafes is anticipated to pave new opportunities for the pet grooming products market growth during the forecast period.
Based on product type, the pet grooming products market is segmented into shear and trimming tools, shampoos & conditioners, combs & brushes, and others. The shampoos & conditioners segment held the largest share of the market in 2020. Manufacturers offer various types of shampoos and conditioners for specific requirements of pets; these products include dry foam shampoo, flea shampoo, natural & organic shampoo, medicated shampoo, shampoo anti-allergic shampoo, anti-dandruff shampoo, anti-itch shampoo, and so on. Also, the growing concern toward pet’s health is encouraging the manufacturers to offer natural and organic ingredients pets shampoo & conditioners.
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The global pet grooming products market is segmented into five main regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America. In 2020, Europe held the largest revenue share of the market. According to Pet Food Manufacturers Association, in 2021, the UK will have 34 million pets—including 12 million cats and 12 million dogs, 3.2 million small mammals such as guinea pigs and hamsters, 3 million birds, and 1.5 million reptiles. Pet ownership and pet grooming products trends are being driven by the rapid economic and societal development. As the younger generation becomes increasingly isolated, pets are being treated as companions.
The impact of lockdown in the Middle Eastern and African countries was that various manufacturing companies related to consumer goods were closed leading to the reduction in the manufacturing of pet grooming products. The Middle East & Africa region was slow to adopt e-commerce; however, the COVID-19 pandemic prompted a change. Consumers across the Gulf Cooperation Council, South Africa, and Turkey have increased online shopping during the pandemic. Consumers in Saudi Arabia and the UAE have seen the highest rates of “new or increased” users in online deliveries and communications. Thus, due to the pandemic, the consumers have increased the usage of e-commerce platforms, and the presence of e-commerce sites specifically providing pet grooming products will positively impact the pet grooming products market growth.
Increase in Pet Adoption Globally
There has been an increase in the rate of pet ownership across the world which has led to increased demand for pet grooming products. Regions such as North America, and Europe, are witnessing an increase in the number of pet adoptions which has projected these regions to be a favorable market for pet grooming products. Factors such as life stage (single vs. couples), size of household, and the income of the consumers may contribute to the increased prevalence of pet ownership amongst the population. According to the American Pet Product Association (APPA) National Pet Owners Survey, 70% of the US households own a pet, which equates to 90.5 million homes.
A continuous rise in pet population and ownership contributes to the growth in pet product sales in domestic and international markets. Due to the rising trend of pet humanization, there is a growing interest among pet owners toward pet’s health and nutrition, which in turn boosts the sales of pet grooming products. The rising trend of adopting pets as a companion for families is projected to propel the demand for pet grooming products in the coming years. Pet adoption has resulted in a surge in the number of pet products, such as shampoo, conditioner, shear and trimming tools, combs, and brushes, on the market. Additionally, the growing concern for pet health and elevating disposable income of pet owners are among the major factors that drive the growth of the pet grooming products market.
Some of the key players operating in the global pet grooming products market include Ancol Pet Products Limited; Beaphar; Wahl Clipper; The Hartz Mountain Corporation; Johnson’s Veterinary Products Ltd.; Earthwhile Endeavors, Inc.; Coastal Pet Products, Inc.; Nexderma; Glo-Marr Pet Products; and Resco Pet Products. The major players in the pet grooming products market are focusing on strategies such as research and development and new product development to increase the geographical presence and consumer base globally.
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