Pet Grooming Products Market Size, Share, Growth Analysis, By Product Type, By Pet Type, By Price Range, By Distribution Channel, By Region - Industry Forecast 2024-2031

Global Pet Grooming Products Market size was valued at USD 5.32 billion in 2022 and is poised to grow from USD 5.69 billion in 2023 to USD 8.73 billion by 2031, growing at a CAGR of 7% in the forecast period (2024-2031).

The global pet grooming products market is experiencing significant growth, driven by the rising adoption of pets, heightened humanization, and increasing expenditure on grooming, food, and accessories. Pet owners are becoming more health-conscious about their animals, which is creating a strong demand for grooming products. In developed countries, pet ownership rates have surged, leading to higher spending on pet health and wellness, with approximately 70% of U.S. households owning pets and 47% in Germany as of 2019. Additionally, a consumer shift towards high-quality products and diverse grooming services is enhancing market prospects. The popularity of mobile pet grooming services, offering convenience and accessibility, further propels market expansion, promising a robust growth trajectory in the coming years.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Pet Grooming Products market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Pet Grooming Products Market Segmental Analysis

Global Pet Grooming Products Market is segmented by Product Type, Pet Type, Price Range, Distribution Channel and region. Based on Product Type, the market is segmented into Conditioners & Shampoos, Combs & Brushes, and Shear & Trimming Tools. Based on Pet Type, the market is segmented into Dogs, Cats, Birds, Fish & Reptiles, Small Pets, Horses, Other Livestock. Based on Price Range, the market is segmented into Economy/ Mid-Range, Premium. Based on Distribution Channel, the market is segmented into E Modern Trade, Convenience Stores, Care Service Centers, Online Retail, Support Care Centers, Pet Specialty Storesmarket. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the Global Pet Grooming Products Market

The global pet grooming products market is anticipated to experience significant growth driven by the high rate of pet adoption and an increase in spending on animal health worldwide. As disposable incomes rise, consumers are increasingly willing to invest in their pets' well-being, treating them as integral members of the family. This trend is reflected in a report from the American Pet Products Association, which noted a more than 4.5% increase in expenditures on pet grooming products from 2019 to 2020. Consequently, the growing awareness of pet care and grooming is expected to propel market demand throughout the forecast period.

Restraints in the Global Pet Grooming Products Market

The global pet grooming products market faces significant restraints primarily due to the rising prevalence of allergies related to pets, particularly dogs and cats. Research indicates that approximately one-third of the U.S. population suffers from allergies associated with these animals, which may limit the demand for grooming products. Furthermore, governmental regulations that impose restrictions on the import and export of pets and exotic birds could pose additional challenges to market growth. These factors combined may hinder the development and expansion of the pet grooming products sector during the forecast period, impacting both consumer preferences and overall sales.

Market Trends of the Global Pet Grooming Products Market

The global pet grooming products market is experiencing a significant upward trend fueled by the increasing humanization of pets, with owners increasingly treating them as family members. This shift is driving demand for high-quality grooming products that cater to these evolving preferences. Moreover, rapid urbanization and innovation within the pet care sector further enhance market growth, as consumers seek efficient and effective grooming solutions. For example, BASF Care Creations' recent launch of three innovative dog grooming formulations-creamy co-wash, fresh and dry shampoo mist, and micellar dog shampoo-illustrates the trend towards premium products designed to meet the specific needs of pet owners in this dynamic market.