The pet grooming services market is expected to rise at a healthy CAGR of 7.2% to reach a market valuation of US$ 5.9 billion by the end of 2032, according to Fact.MR, a market research, and competitive intelligence provider.
The market is driven by the increasing trend of pet humanization, rising ownership of pets, and growing consumer spending on pet care services. Pets are being treated as family members by owners these days. Pet owners closely take care of their pet’s health and prefer preventive measures regarding the spread of disease in both, the pet and the owner. Owing to these factors, pet owners are significantly spending on pet care services, which is thereby accelerating the demand for pet grooming services.
The market is being benefited from the integration of online platforms for pet grooming services. Door-to-door services for pet grooming with the help of mobile vans have also created a lucrative opportunity for market players.
Dogs and cats are among the leading pets owned by people, which accounts for a substantial share in the revenue growth of the pet grooming service market.
Key Takeaways from Market Study
- Based on region, North America and Europe together account for more than 50% share of the global pet grooming services market.
- The worldwide market is estimated at US$ 2.9 billion in 2022 and is projected to expand at a CAGR of 7.2% during the forecast period (2022-2032).
- Under the pet type segment, dogs dominate the market with a share of 76%.
- East Asia is expected to exhibit the fastest growth at 8.1% CAGR through 2032.
- Under the service segment, bathing & brushing services lead the market with a share of 38%
“Rising inclination towards pet ownership will provide ample of growth opportunities for pet grooming service providers over the years to come,” says a Fact.MR analyst.
With the presence of several participants in the market, the pet grooming services industry is highly fragmented. These market participants are taking initiatives such as partnerships and acquisitions to enhance their market share and consumer base in the industry. Adoption of grooming vans and online mode of pet grooming service offerings are key innovations that will create lucrative opportunities for market growth.
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global pet grooming services market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of service (hair cutting, ear cleaning, bathing & brushing, nail trimming, others (not covered elsewhere)) and pet type (dogs, cats, others (not covered elsewhere)), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).