Pet Grooming Market: Current Analysis and Forecast (2021-2027)
$3999 – $7577
Emphasis on Product Type (Conditioners & Shampoos, Combs & Brushes, Clippers and Scissors, Others); Pet Type ((Dog, Cat, Others); Sales Channel (Retail Stores, Online platforms, Hypermarket/Supermarkets, Others); Region/Country
Detailed Analysis of COVID-19 Impact on the Pet Grooming Market
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.
Basic Annual Expenses for Dogs and Cats on Groomer/Grooming Aids, 2011-2022
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 XX% 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. The supermarket segment grabbed the XX% market share in 2020. However, the online segment would witness the highest CAGR in the forthcoming years
“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 XX% market for the pet grooming Market industry and generated revenue of USD XX Million in 2020. However, the Asia-Pacific region would witness the highest CAGR during the forthcoming years
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- 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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|1.4.||Currency used in Report|
|2.1.||Research Process of Pet Grooming|
|2.2.||Research Methodology of Pet Grooming|
|2.5.||Main Objective of Pet Grooming Study|
|5||GLOBAL PET GROOMING COVID-19 IMPACT|
|6||GLOBAL PET GROOMING REVENUE, 2019-2027F|
|7.1.||Conditioners & Shampoos|
|7.2.||Combs & Brushes|
|7.3.||Clippers and Scissors|
|10.1.||North America Pet Grooming Market|
|10.1.3.||Rest of North America|
|10.2.||Europe Pet Grooming Market|
|10.2.6.||Rest of Europe|
|10.3.||Asia Pacific Pet Grooming Market|
|10.3.5.||Rest of Asia Pacific|
|10.4.||Rest of World Pet Grooming Market|
|12||PET GROOMING OPPORTUNITIES|
|13||PET GROOMING TRENDS|
|14||LEGAL & REGULATORY FRAMEWORK|
|15.1.||Demand Side Analysis|
|15.2.||Supply Side Analysis|
|15.2.1.||Top Product Launches|
|15.2.2.||Top Business Partnerships|
|15.2.3.||Top Business Expansions, Investments and Divestitures|
|15.2.4.||Top Merger and Acquisitions|
|16||VALUE CHAIN ANALYSIS|
|17.1.1.||Company Shares, By Revenue|
|18.3.||Ancol Pet Products Limited|
|18.4.||Rolf C. Hagen Inc.|
|18.5.||The Hartz Mountain Corporation|
|18.7.||Nap Pets (Himalaya Herbals Healthcare)|
|18.9.||Spectrum Brands Inc.|
Research Methodology for the Global Pet Grooming Market Analysis (2021-2027)
Analyzing the historical market, estimation of the current market, and forecasting the future market of the pet grooming market were the three major steps undertaken to create and analyze the demand for pet grooming across major regions. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the pet grooming market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/ bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
A detailed secondary study was conducted to obtain the historical market size of the pet grooming through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the pet grooming market, we conducted a detailed secondary analysis to gather historical market insights and share of product type, pet type, and sales channel for major regions. Major segments included in the report are product type and sales channel. Further region and country-level analyses were conducted to evaluate the overall adoption of pet grooming across the globe.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of pet grooming. Further, we conducted factor analysis using dependent and independent variables such as the rising disposable income, rising pet ownership, etc., A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the pet grooming industry across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the pet grooming market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. bottom-up/ top-down approach were applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$) and the adoption rate of pet grooming across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the pet grooming market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the pet grooming market. Data was split into several segments and sub-segments post studying various parameters and trends in the areas of s product type, pet type, and sales channel of the pet grooming market.
Main Objective of the Pet Grooming Market Study
The current & future market trends of pet grooming were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of pet grooming in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of product type, pet type, and sales channel
- Define and analysis of the regulatory framework for the Pet Grooming industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the pet grooming market for the major countries
- The major region studied in the report includes North America, Europe, Asia- Pacific, and the Rest of the World.
- Company profiles of the pet grooming market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry