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Pet Grooming Services Market Size, Growth Analysis 2024-2033
Pet Grooming Services Market Size
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According to The Business Research Company's, The pet grooming services market size has grown strongly in recent years. It will grow from $7.38 billion in 2023 to $7.96 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to increased pet ownership, humanization of pets, rising disposable income, social media influence, busy lifestyles.
The pet grooming services market size is expected to see strong growth in the next few years. It will grow to $10.74 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to e-commerce integration, globalization, rise in pet insurance, mobile grooming services, government regulations. Major trends in the forecast period include virtual grooming consultations, DIY grooming kits, subscription-based grooming services, human-grade ingredients, AI-powered grooming tools.
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Market Drivers and Trends:
The increase in pet expenditure is expected to propel the pet grooming services market going forward. Pet expenditures include pet food, pet purchases, supplies and medicine, pet services, and veterinarian services. People are more open to spending on their pets due to increased education and exposure, and pets are regarded as members of the family and not just guards of home spaces. For instance, in April 2022, according to an article published by the American Pet Products Association (APPA), a US-based trade organization representing the pet products sector's interests, the national pet sector saw its highest-ever sales of $123.6 billion in 2021, an increase of 13.6% from the previous year. Therefore, the increasing pet expenditure is driving the growth of the pet grooming services market.
Technological advancement is a key trend in the pet grooming services market. Major companies operating in the pet grooming services market are concentrating on creating new technology solutions. For instance, in December 2021, DogCare Inc., a US-based company operating in pet grooming services, launched the world's first smart pet clipper for quick home grooming, the DogCare Pet Clipper. The dog care pet clipper gives pet owners the ability to undertake professional-caliber grooming in the convenience of their own homes because of its robust performance and reliable design. It provides three settings for home grooming that are suitable for both beginners and experts: quiet mode for thin hair and sensitive regions, turbo mode for thick hair and dense areas, and smart mode.
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Major Key Players of the Market:
Chewy Inc., PetSmart LLC, Petco Animal Supplies Inc., Spectrum Brand Holdings Inc., Pets At Home Inc., Pet Valu Inc., Pet Supplies Plus, Independent Pet Partners, Pet Supermarket Inc., Petland Inc., PetEdge Inc., Dogtopia Enterprises, Wag Labs Inc., Rosewood Pet Products Ltd., PetPeople Enterprises LLC, Hagen Inc., Pet Palace Resort, Resco spol. s.r.o., Anvis Inc., Groomer's Choice, Pooch Dog SPA, Leo&Lucky's, EarthWise Pet, The Pooch Mobile, Muddy Paws, Petsfolio, Paradise Paws, PetBacker, Pawz & Company, Flushable Wipes, The Dog House Pet Salon, The Dog Stop, The Groomery by PetSmart, The Pet Station Country Club, The Woof Room, Top Dog Ltd., Zoomin Groomin
Pet Grooming Services Market 2024 Key Insights:
• The pet grooming services market size is expected to see strong growth in the next few years. It will grow to $10.74 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%.
• Surge In Pet Expenditure Propels Growth Of The Pet Grooming Services Market
• Dogcare Inc. Introduces World's First Smart Pet Clipper
• North America was the largest region in the pet grooming services market in 2023
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