Pet Grooming Market Share, Demand Analysis, Growth, Trends and Forecast – 2032

According to a recent analysis from Future Industry Insights, the value of pet grooming market items delivered around the world is expected to reach US$ 1.3 billion in 2022. (FMI). According to the company’s new global pet grooming tracker, revenues will grow at a robust 6.2 percent CAGR.

Attribute Details
Pet Grooming Market Estimated Size 2022 US$ 1.3 Bn
Pet Grooming Market Value-based CAGR (2022-2032) ~ 6.2%
Pet Grooming Market Projected Size 2032 US$ 2.5 Bn

While supply limitations impacted the market’s capital performance in Q1 and the first weeks of Q2, a dramatic drop in consumer demand was a major driver in sales declines. Physical store closures for extended periods of time have been caused by COVID-19-induced lockdowns and measures around the world, resulting in a significant drop in demand.

Pet Grooming Market Size Study

  • Sales of pet grooming products will rise nearly twice over 2022-2032
  • About 6 out of 10 pet grooming products to be sold will be conditioners & shampoos
  • 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 channelize their investments towards modern trade over following decade
  • North America and Europe will remain epicenter of growth opportunities, owing to surging trend of pet humanization

Request Sample PDF Brochure:
https://www.futuremarketinsights.com/reports/sample/rep-gb-12543

COVID-19 Impact on Pet Grooming Market

While the worldwide retail industry has been heavily damaged by the COVID-19 pandemic, thanks to the stay-at-home protocol, several sub-categories of the industry have weathered the storm. The pet grooming industry is one of them.

In the midst of the public health crisis, new market entrants are aggressively hunting for countercyclical categories. Business models that will be accepted in the future must have a competitive pricing structure, a clear value proposition, and a distinctive delivery mechanism. Stakeholders must also guarantee that subject matter specialists, such as competent pet professionals, are included on their advisory board in order to verify medical claims, product concepts, and offer credibility.

The worldwide pet grooming sector will experience unprecedented growth during this difficult period, with more people adopting dogs and owners progressively spending to improve their pets’ health and lifestyle.

Inquire Before Buying Research Report:
https://www.futuremarketinsights.com/ask-question/rep-gb-12543

Pet Grooming Market – Competitive Intelligence

The worldwide pet grooming business is increasingly fragmented, with a slew of new entrants joining the fray. Market participants are always inventing cutting-edge items in order to extend their customer base and, as a result, increase their margins. As an example,

  • 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.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact: 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs