PUBLISHER: Grand View Research | PRODUCT CODE: 1475003
PUBLISHER: Grand View Research | PRODUCT CODE: 1475003
The global pet grooming products market size is expected to reach USD 21.05 billion by 2030, registering a CAGR of 6.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The global rise in pet adoption and high demand for pet products, as well as grooming & boarding services, are some of the major factors anticipated to fuel market growth. Pet grooming products encompass a diverse range of products, including shampoos, conditioners, brushes, clippers, wipes, and deodorizers, designed to address various grooming needs. Pet owners are emotionally invested in their pets, considering them as integral members of the family. As a result, there is a growing willingness to spend more on pet care, including grooming products, to ensure the well-being and comfort of their pets.
According to the data published by the America Pet Products Association, in 2022, USD 136.8 billion was spent on pets in the U.S. Moreover, the projection for 2023 was USD 143.6 billion, an increase of 5.0% year-on-year. The increasing awareness and emphasis on maintaining the overall health, cleanliness, and aesthetic appeal of pets among pet owners have augmented the demand for specialized grooming solutions. Consumers actively seek grooming products that address specific pet health concerns, such as skin sensitivities, coat conditioning, dental hygiene, etc. This has led to the development of specialized grooming formulations, including hypoallergenic shampoos, natural and organic ingredient-based products, medicated treatments for skin and coat ailments, and oral hygiene solutions tailored to pet-specific needs.
This is expected to present opportunities for companies to introduce advanced and specialized grooming solutions, thereby tapping into the growing demand for pet health and wellness products while establishing a competitive edge in the market. As pet owners have become more familiar with natural and herbal remedies for their own health, they are more likely to seek similar products for their pets. Market players have been responding to this trend by developing and introducing new products that contain natural and herbal ingredients. These products are often marketed as being safer, healthier, and more effective than traditional pet care products. In recent years, pet owners have also become more concerned about animal welfare and the environment, thus opting for grooming products that focus on sustainability and contain 100% natural, plant-based ingredients.