Increased Penetration of E-Commerce to Escalate Pet Grooming Products Market Growth
According to our latest market study on “Pet Grooming Products Market Forecast to 2028 – COVID-19 Impact and Global Analysis – By Pet Type, Product Type, Distribution Channel, and Geography,” the pet grooming products market size is projected to reach US$ 28,216.11 million by 2028 from US$ 16,099.78 million in 2021; it is expected to grow at a CAGR of 8.3% from 2021 to 2028. The report highlights key factors driving the pet grooming products market growth and prominent players along with their developments in the market.
The growing pet ownership among the people and rising concerns regarding their wellbeing are some of the major factors driving the pet grooming products market growth. Furthermore, emerging economies are witnessing a surge in the middle-class population, coupled with the growth in urbanization; this has led to massive opportunities for the key market players in the pet grooming products market in developing countries.
E-commerce platforms are offering an increasingly fine customer experience and are providing the consumers with convenience and comfort, wide availability of pet grooming products along with related product information, and comparisons of pricing of different pet grooming products. The ease in accessibility and options to choose from a wider assortment on e-commerce platforms such as Chewy.com, Amazon, and Petedge.com is driving the online demand for pet grooming products.
A few 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.
Impact of COVID-19 Pandemic on Pet Grooming Products Market Growth
In Europe, currently, the UK and Russia, followed by France, Spain, Italy, and Germany, are the hardest-hit countries by the COVID-19 pandemic. The shutdown of manufacturing units, difficulty in the procurement of raw materials has had a negative impact on the pet grooming products market growth. However, there has been an increase in the pet adoption rate in countries such as the UK, Germany, among others during COVID-19 pandemic. The Germans are increasingly adopting dogs to counter the COVID loneliness and according to Deutsche Hundewesen (VDH) canine association, there has been a 20% increase in dog adoption during 2020. Along with this, according to the COVID-19 Pet survey from Pet Food Manufacturers’ Association in the UK, there has been a staggering rise in pet acquisition in the country. Thus, an increase in the rate of pet adoption during the COVID-19 pandemic is having a positive impact on the pet grooming market growth.
Pet Grooming Products Market Breakdown – by Region
Pet Grooming Products Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Pet Type (Dogs, Cats, and Others), Product Type (Shampoos and Conditioners, Shear and Trimming Tools, Combs and Brushes, and Others), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
Pet Grooming Products Market Size & Growth Report Till 2028
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The report includes the segmentation of the global pet grooming products market as follows:
The pet grooming products market, by pet type, is segmented into dogs, cats, and others. Based on product type, the market is segmented into shampoos and conditioners, shear and trimming tools, combs and brushes, and others. The pet grooming products market, by distribution channel, is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. By geography, the pet grooming products market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America. The market in North America is further segmented into the US, Canada, and Mexico. The European market is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The pet grooming products market in Asia Pacific is subsegmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the Middle East & Africa (MEA) is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The market in South and Central America is subsegmented into Brazil, Argentina, and the Rest of South and Central America.
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