The "Pet Grooming Products Market Forecast to 2028 COVID-19 Impact and Global Analysis By Pet Type, Product Type, and Distribution Channel" report has been added to ResearchAndMarkets.com's offering.
The pet grooming products market 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 growing adoption of domestic animals as companions in many countries is contributing to the increased spending on pet products, including pet grooming products. People are spending more on the well-being of their pets as they treat them as their family members. Thus, an increased rate of pet adoption will drive the growth of the pet grooming product market in the coming years.
Based on distribution channel, the pet grooming products market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. In 2020, the specialty stores segment accounted for the largest revenue share. The market growth of this segment is ascribed to the availability of specific products under one roof, pleasant store atmosphere, and skilled store staff availability that helps the customer choose the right product for their pets.
In 2020, Europe held the largest revenue share of the global pet grooming products market. According to the National Association of Pet-Food and Pet-Care Companies, Italy has a pet population of ~60.2 million; almost 3 out of every 10 Italian families have one pet at least. The pet population in the country comprises 7 million dogs and 7.3 million cats. Due to this large pet population in this region, the demand for pet grooming products is expected to increase. Furthermore, the increasing presence of pet grooming parlors and the growing preference for online shopping would drive the demand for pet grooming products in the coming years.
Reasons to Buy
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global pet grooming products market, thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to the application.
Market Dynamics
Drivers
- Increase in Pet Adoption
- Increased penetration of E-Commerce
Restraints
- Lack of Awareness Related to Pet Grooming Products
Opportunities
- Growing demand for organic and eco-friendly pet products
Future Trends
- Product Innovation
Companies Mentioned
- 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
- Resco Pet Products
For more information about this report visit https://www.researchandmarkets.com/r/w5239a
View source version on businesswire.com: https://www.businesswire.com/news/home/20220224005818/en/
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