The global pet grooming products market is picking up pace and is expected to rise with a moderate CAGR of ~4.5% by the end of the forecast period (2019-2029). The industry is witnessing upward movement in recent months, which is forecasted to continue through the years ahead. The rise can be largely attributed to higher disposable incomes, increased expenditure on pet care, and humanization of animals by urban pet owners.
The market is further aided by the growing accessibility to pet grooming professionals in many parts of the world, which is increasing convenience for mobile grooming facilities, which also bolsters efficiency and saves time, cutting costs and support the pet grooming market in the years ahead.
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Key Takeaways of Pet Grooming Products Market Study
- Shampoos and conditioners are the fastest growing products in the pet grooming products market accounting for more than 60% share, and are anticipated to maintain their dominance throughout the forecast period. The growth can be largely be attributed to the higher importance being given to basic hygiene in companion animals. In addition, the increasing presence of professional pet grooming services also contributes to a substantial demand for shears and other trimming tools.
- Despite a moderate CAGR, North America accounts for more than 50% of the global pet grooming products market share, owing to high rates of pet ownership in Canada and the United States. However, nations in East Asia and South Asia & Oceania are anticipated to display a higher rate of growth for the foreseeable future, with japan and China contributing to most of the demand in the region.
- Offline channels of distribution are accounting for a major revenue share of more than 75%, with large contributions coming from convenience stores, supermarkets, hypermarkets, and other retail stores, which can be attributed to consumer preference for physical displays. However, the increased penetration and interest in internet is driving up the use of ecommerce platforms.
- Dogs continue to be the most popular pet type with a constantly rising rate of adoption, with more purchases being seen from childless or single parents, the concept of pet parents are gaining traction and are supporting the use of premium pet products, which provide a wider range of options and make use of organic ingredients.
“Luxury grooming services for pets such as hairstyling, spa, massage and others have encouraged pet owners to spend more money on these products in recent years. Therefore pet grooming product companies enjoy widening consumer demographics, and the popularity of pet grooming is leading the market towards profitable future.” says the Fact.MR analyst.
Global Pet Grooming Products Market: In-Depth Assessment on Key Segments
The global pet grooming products market is segmented on the basis of product type, distribution channel and region.
By Product Type :
- Shampoo & Conditioner
- Shear & Trimming Tools
- Comb & Brush
By Distributional Channel :
By Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania