Pet Grooming Market 2022 Industry Research, Segmentation, Key Players Analysis and Forecast to 2032
A recent report by Future Industry Insights projects that in 2022, the value of goods delivered globally for the pet grooming industry would reach US$ 1.3 billion. (FMI). The company’s latest global pet grooming tracker predicts that revenues will increase at a strong CAGR of 6.2 percent.
Even though there were supply issues in Q1 and the first few weeks of Q2, a sharp decline in consumer demand was a key factor in sales declines. Lockdowns and other COVID-19-related actions have forced physical store closures for extended periods of time, which have significantly reduced demand.
Pet Grooming Market Size Study
- Sales of pet grooming products will raise nearly twice over 2022–2033
- About 6 out of 10 pet grooming products to be sold will be conditioners & shampoos
- The majority of pet grooming products will be developed for dogs and cats
- Economy/mid-range pet grooming products continue to generate greater total returns to shareholders
- Market players to channel their investments toward modern trade over the following decade
- North America and Europe will remain the epicenter of growth opportunities, owing to surging trend of pet humanization
COVID-19 Impact on Pet Grooming Market
While the COVID-19 pandemic, in particular, has severely impacted the worldwide retail industry, some subcategories of the industry have been affected particularly hard, thanks to the stay-at-home protocol. The market for pet grooming is one of them.
In the midst of the public health crisis, new market entrants are actively searching for countercyclical categories. Future-approved business models must have a competitive pricing structure, a distinct delivery method, and a clear value proposition. Stakeholders must also be sure to include subject matter specialists, such as knowledgeable pet professionals, in their advisory board in order to verify medical claims, give legitimacy to product concepts, and add to the credibility of the board.
The global pet grooming business will enjoy exceptional growth during this challenging time as more people own dogs and owners spend more money to improve the health and lifestyle of their pets.
Pet Grooming Market — Competitive Intelligence
The global pet grooming market is highly fragmented, with presence of several players joining industry competition. Market players are continuously involved in developing cutting-edge products with an aim to expand their consumer base and, in turn, ensure better margins. For instance,
- Australia-based, Oakwood Products has rolled out assembly of pet care and grooming products in the US. The products — derived from ingredients native to Australia — are developed to keep pets’ coats professionally shiny and clean. The assembly includes nine product SKUs containing conditioners, shampoos, pet odor and stain removers, and grooming tools.
- Atronia Innovations has developed new pet grooming device — Groomade — using cutting-edge air-touch technology. The proprietary technology ensures that any non-skilled individual can trim, comb, and groom his/her pet’s hair and fur akin to professionals. Moreover, the innovative product creates perfect cuts, is ideal for all dog breeds’ fur and coat types, and vacuums every hair strand that falls off during grooming session.
Pet Grooming Market by Category
Product Type:
- Conditioners & Shampoos
- Combs & Brushes
- Shear & Trimming Tools
Pet Type:
- Dogs
- Cats
- Birds
- Fish & Reptiles
- Small Pets
- Horses & Other Livestock
Price Range:
- Economy/ Mid-Range
- Premium
Sales Channel:
- Modern Trade
- Convenience Stores
- Care Service Centers
- Online Retail
- Support Care Centers
- Pet Specialty Stores
Region:
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific excluding China & Japan
- Japan
- China
- Middle East & Africa
Information Source:
https://www.futuremarketinsights.com/reports/pet-grooming-market
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