Pet Humanization in Developed Regions Drives Demand for Pet Grooming Products
Rising pet adoption, and ownership trends leaning towards humanization are major factors that are driving the growth of different pet grooming products. This growth is also supported by rising awareness among pet owners about the health of their animals, and the development of organic offerings, which are likely to have a positive impact on the pet grooming products market in the years ahead.
The global pet grooming products market is projected to grow at a moderate CAGR of ~4.5% during the forecast period (2019-2029). The global pet market has been growing at a fast pace, as owners are spending more on animal health facilities and products.
Such a change has come about as owners increasingly view their pets as a part of the family, bolstering the health and grooming sectors in the pet care industry.
Shampoos and Conditioners Dominate Pet Grooming Products Sector
Most pets require regular cleaning for their hairy coats owing to activities in outdoor settings. Lack of cleaning processes can also increase the risk of bacterial growth, ticks, fleas, and infections.
Consequently, manufacturers are focusing on the development of medicated offerings owing to higher levels of awareness in pet care, especially for dog breeds such as Yorkshire Terriers, Shih Tzu, Chow Chow, Bernese Mountain Dogs, Golden Retrievers, and Poodles.
With such trends, shampoos and conditioners are accounting for the largest and fastest growing segments in terms of product type accounting for a market share of approximately 60%, with a healthy CAGR of ~5%.
This growth can be largely attributed to basic needs of hygiene for companion animals, and the development of products specifically as solutions to skin ailments.
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North America and Europe Hold Control, Asia Pacific Plays Catch Up
Some of the major names in the pet grooming products market include Groomer’s Choice, Rosewood Pet Products, Resco, Hagen Inc., Spectrum Brand Holdings, PetEdge, and Petco Animal Supplies Inc., among others.
Most large scale players in the sector are seeking to enter into mergers and acquisitions with regards to bolstering their business, in addition to increasing investments in new product offerings. Further, North America is the leading market place for pet grooming products accounting for more than 50 % of the overall market share, distantly followed by Europe at more than 22%.
The growth in North America can be attributed to the large percentage of companion animal adoption in the United States and Canada, and the resultant increase in expenditure on pet care in the region
. Further, countries in East Asia, and South Asia & Oceania are projected to display a higher CAGR through the forecast period, with major contributions coming out of China and Japan, which can be attributed to higher rates of urbanization here.
The growing population of tech savvy urban populations has displayed a greater inclination towards online shopping, with e-commerce platforms contributing to the rise of online distribution channels, at a higher CAGR of approximately 7%.
However, offline channels including brick and mortar retail stores will continue to dominate the industry through the forecast period, with control over three quarters of the overall market share.
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.
This taxonomy and the detailed ToC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.
Global Pet Grooming Products Market - Scope Of The Report
The following report provides forecast and analysis of the global pet grooming products market along with the historical data of 2014, estimated data 2019 and forecast data up to 2029 in terms of revenue (US$ Mn), according to a Fact.MR study. The research propounds critical trends that are currently influencing growth within the global pet grooming products market along with several macro-economic indicators.
This newly published and insightful report on pet grooming products sheds light on key dynamics, and their impact on the overall value chain from suppliers to end-users, which are expected to transform the future of the global pet grooming products market.
The report also comprises the study of current issues with end users and opportunities for pet grooming products. It also contains value chain analysis, including the key market participants.
To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews.
The dashboard included in the report provides a detailed comparison of pet grooming products manufacturers on parameters such as total revenue, product offerings, and key strategies. A list of key companies operating in the pet grooming products market provided in the report adds to the credibility of this exhaustive research study.
Country-specific assessment on demand for pet grooming products has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous pet grooming products manufacturers, experts, and suppliers.
Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.
The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target product categories. The market has been forecasted based on constant currency rates.
The report provides detailed competitive and company profiles of key participants operating in the global market. Some of the major competitors operating in the pet grooming products market are Petco Animal Supplies, Inc., Groomer’s Choice, Resco, Spectrum Brand Holdings, Earthbath, SynergyLabs, Beaphar, Ferplast SPA and others.
Global Pet Grooming Products Market: Research Methodology
A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar and Hoovers, and company annual reports and publications.
Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research. The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights into the pet grooming products market.
A short market viewpoint offered in the report elucidates the macro-economic aspects that influence the growth of the pet grooming products market, which includes global GDP growth rate, various industries growth rate, such as cosmetics industry, pet care industry and others.
This report serves as an authentic resource of intelligence on the pet grooming products market, enabling the readers to take fact-based decisions on the future direction of their businesses.
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Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
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