Pet Grooming Market Current Status and Future Prospects (2022-2027)

HTF Market Intelligence released a new research report of 210 pages on title 'Pet Grooming Market: Current Analysis and Forecast (2021-2027)' with detailed analysis, forecast and strategies. The market Study is segmented by key a region that is accelerating the marketization. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. The study covers key regions that includes North America, USA, China, Southeast Asia, LATAM, APAC and important players such as Beaphar, Ferplast S.p.A., Ancol Pet Products Limited, Rolf C. Hagen Inc., The Hartz Mountain Corporation, Groomer's Choice, Nap Pets, etc.

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Summary
Global Pet Grooming is Expected to Display an Elevated CAGR of ~6% over the forecast period (2021-2027)
The global pet grooming market is uplifting on account of the rising disposable income of consumers, growing awareness about pet health, and an emerging number of pet lovers. Worldwide, 33% of households own pets and there are 471 million pet dogs worldwide. Moreover, about 370 million cats are kept as pets, globally and there are 249,651,000 homed birds in the world.

Furthermore, there are around 90 million dogs in the U.S., and people spend more than US$123 billion a year on their pets. Also, the rising number of pet grooming saloons is acting as a growth catalyst for the industry. According to the US Bureau of Labor Statistics, around 103,996 pet grooming businesses that are presently operating in the US have an average growth rate of over 8%. Moreover, trending mobile pet grooming services have witnessed increasing popularity across the globe, wherein specially equipped vehicles travel to pet owner's residences providing the full range of services at the doorstep. This eliminates the necessity to wait in long queues for pet grooming services. Thus, all these factors significantly contribute to the growth of the global market.
Nearly 40% of households in the United States own at least 1 pet dog. Pet ownership among US households earning more than US$150,000 per year grew by 8.6% from 2019 to 2020. Also, the percentage of households that own a pet in Canada has grown, ranking Canada as one of the countries with high pet ownership rates in the world. The average annual cost of owning a cat in Canada is approximately US$3,700 and that of a dog is about US$3,500. Moreover, 10% are willing to spend more than US$500 every year. Thus, the rise in the adoption of pet animals is expected to increase the spending on the hair care needs of these animals, which, in turn, is expected to boost the growth of the market over the forecast period.
Beaphar, Ferplast S.p.A., Ancol Pet Products Limited, Rolf C. Hagen Inc., The Hartz Mountain Corporation, Groomer's Choice, Nap Pets (Himalaya Herbals Healthcare), Earthbath, Spectrum Brands Inc., Tecla Company, etc., are some of the prominent players operating in the pet grooming market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with innovative products.

Insights Presented in the Report
"Amongst product type, conditioner & shampoo segment to grab considerable market share"
Based on the product type, the market is fragmented into Conditioners & Shampoos, Combs & Brushes, Clippers and Scissors, and Others. The conditioner & shampoo segment grabbed % market share in 2020 and dominated the market. his growth is anticipated as people disposable income increases, resulting in higher spending on pet care and grooming. Moreover, the demand is majorly emerging from 2 in 1 shampoo which are having shampoo and conditioner in a single item, eliminating the necessity of buying additional products.
"Amongst pet types, dog segment dominated the market in 2020"

Based on the pet type, the market is fragmented into dogs, cats, and others. The dog segment grabbed the major market share and dominated the market. A surge in dog adoption is leading to the growth of the segment. As per American Pet Products Association's 2021-2022 National Pet Owners Survey, around 69 million families in the United States own a dog.
"Amongst sales channel, online segment to dominate the market in forthcoming years"
Based on the sales channel, the market is fragmented Retail Stores, Online platforms, Hypermarket/Supermarkets, and Others. The hypermarket.
"North America represents one of the largest markets of Pet Grooming market"

For a better understanding of the market adoption of the pet grooming market, the market is analyzed based on its worldwide presence in the countries such as North America (the United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America region grabbed % market for the pet grooming Market industry and generated revenue of USD Million in 2020. However, the Asia-Pacific region would witness the highest CAGR during the forthcoming years

Reasons to buy this report:
•The study includes market sizing and forecasting analysis validated by authenticated key industry experts
•The report presents a quick review of overall industry performance at one glance
•The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
•Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
•The study comprehensively covers the market across different segments
•Deep dive regional level analysis of the industry

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