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Pet Cosmetics Market: Major Trends Reshaping the Future of the Industry
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Pet Cosmetics Industry Market Size Be by 2025?
The size of the pet cosmetics industry has substantially enlarged in the last few years. Its growth is anticipated to increase from $1.99 billion in 2024 to $2.11 billion in 2025, with a compound annual growth rate (CAGR) of 6.5%. The escalating rate of pet adoption, the prevalent trend of treating pets as family members, the growing consciousness about pet cleanliness and grooming, along with the surge in disposable income, which drives higher expenditure on pets - all these influenced by social media and pet influencers - are factors that have contributed to the observed growth in the historic period.
What's the Long-Term Growth Forecast for the Pet Cosmetics Market Size Through 2029?
Over the coming years, the pet cosmetics industry is anticipated to witness robust growth, with its market value projected to reach $2.74 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%. This growth during the forecast period can be linked to the ongoing increase in pet ownership as well as the trend of treating pets more like humans, the progress within the pet grooming and hygiene product sectors, a rising demand for natural and organic pet cosmetics, the growth of online platforms selling pet products, and heightened consciousness about pet well-being and health. Noteworthy trends expected during this forecast period include premium and tailor-made pet cosmetics, an enhanced emphasis on sustainable and environmentally friendly products, tailoring and individualizing pet grooming products, the introduction of mobile grooming services, and the incorporation of technological advancements in pet grooming, like intelligent grooming tools and apps.
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What Are the Key Growth Drivers Fueling the Pet Cosmetics Market Expansion?
The surge in owning pets like domesticated animals - cats, dogs, birds, and other pets, primarily for companionship and emotional support, is largely contributing to the expansion of the pet cosmetics market. The uptake in pet ownership is driven by emotional, psychological, and social factors. More and more people are recognizing the various advantages of having a pet - from improved mental well-being to a better quality of life, leading to a continuous rise in the adoption and care of these animals. Pet cosmetics play an essential role in maintaining and enhancing pets' hygiene, appearance, and overall health, thus contributing to their wellbeing and comfort. For example, data from the American Pet Products Association, a US-based non-profit group, revealed that 86.9 million US households owned a pet in 2023, accounting for a 66% share, an increase from 62% in 2022. As a result, this growing trend of pet adoption is fuelling the pet cosmetics market's growth.
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What Are the Key Trends Driving Pet Cosmetics Market Growth?
Firms prominent in the pet cosmetics industry are honing their focus on utilizing organic and eco-friendly ingredients like organic shampoo to cater to the demands of eco-aware customers whilst also bolstering their brand's reputation in ethical and responsible manufacturing. Organic shampoo, a pet cleaning formula that employs substances derived from plants, is designed to pamper and cater to the skincare needs of dogs without the use of abrasive chemicals. To draw a case in point, OM Botanical, headquartered in the US, launched a plant-based conditioning shampoo tailored specifically for dogs in July 2023. This product contains natural elements like aloe and plantain leaf extract that hydrate and calm sore or sensitive skin, in addition to neutralizing any unpleasant smells following an outdoor excursion. This shift towards natural, sustainable ingredients syncs with what consumers are looking for in ethical and responsible pet treatment products, ultimately improving the image and attractiveness of OM Botanical to pet owners who are environmentally aware.
How Is the Pet Cosmetics Market Segmented?
The pet cosmeticsmarket covered in this report is segmented -
1) By Product Type: Shampoo, Conditioner, Skin Powder, Perfume, Eye Care Lotion, Moisturizing Balm
2) By Price: Low, Medium, High
3) By Pet Type: Dogs, Cats, Other Types
4) By Distribution Channel: Online, Offline
5) By End Users: Individual Pet Owners, Professional Pet Groomers
Subsegments:
1) By Shampoo: Dog Shampoo, Cat Shampoo, Hypoallergenic Pet Shampoo, Flea and Tick Control Shampoo
2) By Conditioner: Dog Conditioner, Cat Conditioner, Leave-In Conditioner, Detangling Conditioner
3) By Skin Powder: Dry Skin Powder, Flea and Tick Powder, Deodorizing Skin Powder
4) By Perfume: Dog Perfume, Cat Perfume, Long-Lasting Fragrance Perfume
5) By Eye Care Lotion: Tear Stain Remover, Eye Cleaning Lotion, Eye Comfort Solution
6) By Moisturizing Balm: Paw Balm, Nose Balm, Skin Repair Balm, Itch Relief Balm
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Which Companies Are Leading the Charge in Pet Cosmetics Market Innovation?
Major companies operating in the pet cosmetics market are Nestlé Purina PetCare, Mars, Elanco Animal Health Incorporated , Hill's Pet Nutrition Inc., Spectrum Brands Holdings Inc., Wahl Clipper Corporation, Burt's Bees, The Hartz Mountain Corporation, Beaphar BV, TropiClean Pet Products Inc., Cardinal Pet Care, SynergyLabs, Earthbath, Davis Manufacturing, DermaPet, Lambert Kay, Vet's Best, Petkin, John Paul Pet, Bio-Groom, Warren London, OM Botanical, Nature's Specialties, Ancol Pet Products Limited
Which Regions Are Leading the Global Pet Cosmetics Market in Revenue?
North America was the largest region in the pet cosmetics market in 2024. The regions covered in the pet cosmetics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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