FEB 11, 2020: The global Pet Grooming Products market size is expected to reach USD 14.5 billion by 2025, expanding at a CAGR of 5.7%, according to a new report by Grand View Research, Inc. Increasing pet adoption and growing awareness about their hygiene are some of the factors driving the demand for pet grooming product.
In addition, availability of wide range of medicated and organic variants in shampoo, conditioner, and ear butter have drawn greater consumer attention towards grooming products. Dogs and cats are the most common companion animals and they contribute significantly to the demand for various grooming products.
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Due to thick furry coating and outdoor movements and activities, companion animals are susceptible to various diseases and infections triggered by fleas and ticks. Hence companies are introducing specific brushes and shampoos to get rid of these. For instance, SynergyLabs offers veterinary formulated medicated shampoos to relieve companion animals from bacterial infections.
Increasing adoption of pets by domestic households have opened up potential opportunities for new entrants in the market especially through online platforms. Some of the e-commerce distributors of pet products include Amazon.com; Petco Animal Supplies, Inc.; PetSmart Inc.; PetMed Express, Inc.; TABcom LLC; BarkBox; PetFlow; and Bulk Reef Supply.
Among various grooming products, shampoo and conditioner was estimated to have the highest revenue share of the global market. This scenario is majorly attributed to the increasing use of these products as they are specially customized for pet hair and its hygiene.
Asia Pacific is expected to register the highest growth over the forecast period majorly driven by the rising pet adoption in China and India in 2018. The market for companion animal in Japan is attractive with a population of around 20 million cats and dogs.
According to Japan Pet Food Association (JPFA) there are around 9.7 million cats and 11.8 million dogs living with families in Japan and these numbers are growing every year. The average life expectancy of companion cats in Japan is 14.4 years and for dogs, it is 13.9 years. Rising adoption of companion animals by their owners as family members is expected to boost the growth of the market.
Some of the key players operating in the global pet grooming product market include Groomer's Choice; Himalaya Herbal Healthcare; Spectrum Brands, Earthbath; Resco; SynergyLabs; Petco Animal Supplies, Inc.; Coastal Pet Products; Vet's Best; 4-Legger; and World For Pets.
Further key findings from the report suggest:
- The global pet grooming products market is expected to exhibit a CAGR of 5.7% from 2019 to 2025, thereby reaching a value of USD 14.5 billion by 2025
- North America is estimated to be the largest market accounting for a share of more than 50% by 2025, driven majorly by the high adoption rates of companion animals among households
- The shampoo and conditioner segment accounted for the highest revenue share of about 52% in 2018 and is expected to grow with a CAGR of 5.9% over the forecast period
- Offline distribution accounted for a major share of more than 70% in 2018, whereas online distribution is projected to witness fastest CAGR over the forecast period.
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Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Pet Grooming Products Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter's
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of Pet Grooming Products Market
3.7. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations
Chapter 5. Pet Grooming Products Market: Type Estimates & Trend Analysis
5.1. Type Movement Analysis & Market Share, 2018 & 2025
5.2. Shampoo & Conditioner
5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.3. Shear & Trimming Tools
5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.4. Comb & Brush
5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.5. Others
5.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Continued…….
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