The Pet Grooming Product is forecast to steady rise over the next four years. According to the World Knowledge Information (WKI) “Global Pet Grooming Product Professional Survey Report 2021, Forecast to 2026”, With the number of pets increases, attention to pet health and appearance increases It is expected that pet grooming products will have a better development. The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 5.3% base on WKI regression analysis model.
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“Pets are like family members in every household, so the safety of product ingredients should not be underestimated.” said Amy, Senior analyst, Consumer Goods Market Research Center in WKI.” There are many kinds of pet grooming products, and if you want to occupy the forefront of the market, market participants must develop unique brand products.”
With the increase in the number of aging populations, the increase in the number of young people living alone, the increase in per capita disposable income, and the continuous increase in social pressure, the number of pets has increased year by year. According to data from the Japan Pet Food Association (JPFA), there are approximately 9.7 million cats and 11.8 million dogs live with their families, and this number is increasing every year. The average life expectancy of Japanese companion cats is 14.4 years, and that of dogs is 13.9 years. The increasing number of pets year by year is expected to promote market growth. In addition, the acceptance of the concept of pet parenting is an important factor in promoting the sales of beauty products. More and more pet owners treat pets as a child to take care of them and pay more and more attention to their health. Therefore, the humanization of pets is expected to promote the pet food market, thereby increasing the demand for high-quality beauty products and services.
This WKI market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Pet Grooming Product companies that include Vet’s Best, Coastal Pet, Synergy Labs, Earthbath and others.
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Segmentation of Pet Grooming Product Market:
Shampoos and conditioners occupy the highest market share of pet grooming products. Mainly due to the basic hygiene needs of pets. These beauty products are specially formulated for pet care to clean, condition and deodorize the skin and hair of companion animals. In addition, since the hairy coating of pets (especially dogs and cats) is often soiled during outdoor sports, they are extremely susceptible to infections and bacterial growth caused by fleas and lice. Therefore, manufacturers have also developed medicinal shampoos with specific formulations to treat various skin related problems and diseases in companion animals. In purchasing method providers, offline distribution channels are the method chosen by most consumers, mainly including pet shops and pet clinics. However, the method of online purchase is expected to achieve the fastest growth during the forecast period. The reason for the growth is that millennials increasingly prefer to shop online and the launch of attractive discount programs.
Pet Grooming Product Market: Regional Analysis
In terms of geography, the global Pet Grooming Product market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. North America occupies the leading position in the pet grooming product market, which is mainly due to the high adoption and expenditure of pet care in the United States. The country has the largest number of companion animals in the world. According to APPA data, in the United States, more than 65% of households owned companion animals in 2018. In Canada, approximately 41% of households have at least one dog, and approximately 38% of households have at least one cat. In these countries, more and more domestic companion animals are adopted, which has led to a growing demand for various pet grooming products. During the forecast period, the Asia Pacific region is expected to become the fastest market. The growth of pet ownership, demographic changes, improved socioeconomic conditions, and the concept of pet humanization are driving the Asia-Pacific market during the forecast period.