Pet Grooming Products Market
According to a new report published by Allied Market Research titled, “Pet Grooming Products Market by Type, and Distribution Channel: Global Industry Opportunity Analysis and Forecast, 2018 – 2025,” Na -the report offers an extensive analysis of changing market trends, key segments, leading investment pockets, regional scenario, Porter’s Five Forces, and competitive scenario. In 2017, the US pet grooming products market accounted for almost 30% of the global market.
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Increasing trend of nuclear families, rapid humanization of pets, and increased awareness about pet health are driving the growth of the global pet grooming products industry. In addition, increase in pet ownership in developing countries and increase in e-commerce sales offer opportunities for market players. However, increasing concerns regarding allergies associated with pets is expected to hinder the market growth.
Living with a pet helps in controlling an individual’s stress and depression. Caring actions such as petting a cat or dog can lower blood pressure and calm an individual. Thus, worldwide, more than half of the population owns at least one pet; dogs are the most popular pets followed by cats. Pet grooming refers to the well-being and maintenance of the health of animals. The global pet grooming products market is growing at a huge rate, due to increasing pet ownership, increasing pet humanization, and increasing demand for premiumization. Increasing awareness for the ethical treatment of animals and growth in humanization have improved the health and fitness of pets. An increase in the pet population has led to an increase in demand for pet grooming products and services. Moreover, Asia-Pacific and Latin America are expected to register a significant growth compared to the saturated markets of Europe and North America, due to the increase in the adoption rate of pets, growth in disposable income, and innovation in the consumer trend, as consumers transition from pet ownership to pet parenthood, treating their pets as family members.
According to the Asthma and Allergy Foundation of America, in the US, about 30% of people with allergies suffer from allergic reactions to cats and dogs. Exposure to cat and dog allergens can lead to various reactions such as stuffy nose, inflammation and irritation of skin membranes, and sore eyes. The increasing prevalence of pet allergies among people is restraining the rate of adoption of pets, thus hindering the growth of the pet grooming products market.
The supermarket/hypermarket segment generated the highest revenue in 2017, as they offer a one-stop shopping experience along with a wide product range. On the contrary, online sale has witnessed the highest growth rate, as it offers a wide variety of products to pet owners, and is one of the convenient ways of shopping.
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The pet care products market share in North America is expected to account for the highest market share, owing to the rise in adoption of specialized, advanced, and premium products by pet grooming in the US Moreover, rise in disposable income and increasing popularity of pet grooming products in Emerging economies, such as China and India, are expected to boost the demand for pet grooming products in Asia-Pacific. In Brazil, the increasing frequency of pet adoptions can be seen due to the growth of the middle class population. This leads to increased demand for pet care products and accessories, which in turn drives market growth in this region.
The pet industry has witnessed rapid growth due to the humanization of pets in developed and developing regions. Pet owners increasingly treat their cats, dogs, birds, and other pets like members of the family, and therefore purchasing a variety of pet supplies is more enabled, as health becomes an important priority. Products designed to meet pet health and hygiene needs encourage owners to increase annual spending on pet grooming products and services.
Key players profiled in the report include Ancol Pet Product Limited, Beaphar, Ferplast SPA, Johnsons Veterinary Products Ltd., PetEdge, Rolf C. Hagen Inc., Rosewood Pet Products, Ryans Pet Supplies, The Hartz Mountain Corporation, and Wahl Clipper Corporation.
𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐟𝐨𝐫 𝐏𝐭𝐆
○ The report provides an extensive analysis of current and emerging market trends and opportunities in the global pet grooming products industry.
○ The report includes detailed qualitative and quantitative analysis of current trends and future estimates that help to analyze existing market opportunities.
○ Comprehensive analysis of factors driving and restricting market growth is provided.
○ Extensive market analysis is carried out by following the main product positioning and monitoring the leading competitors within the market framework.
○ The report provides extensive qualitative insight into potential and niche segments or regions showing favorable growth.
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The 𝐨𝐝𝐮𝐜𝐭𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
• Mergers and acquisitions should be properly planned by identifying the best manufacturer.
• Sort new clients or potential partners into the demographic you’re looking for.
• Suitable for providing reliable and high quality data and analysis to aid your internal and external presentations.
• Develop tactical initiatives by gaining a better understanding of areas where large corporations can intervene.
• To increase and grow business potential and reach, develop and plan licensing and licensing strategies by finding possible partners with the most attractive projects.
• Identify new entrants with potentially strong product portfolios and develop effective counter-strategies to gain competitive advantage.
• To develop effective R&D strategies, gather information, analysis, and strategic insights from competitors.
𝐑𝐚𝐝 𝐌𝐨𝐬𝐓𝐫𝐫𝐝𝐢𝐢𝐠 “𝐀𝐌𝐑𝐱𝐜𝐥𝐬𝐮 𝐬𝐢𝐠𝐡𝐭𝐬:
○ The Pet Boarding Market is expected to reach $35.8 billion by 2031
https://www.alliedmarketresearch.com/pet-daycare-market-A10555
○ The Pet Training Services Market is expected to reach $6.84 billion by 2031
https://www.alliedmarketresearch.com/pet-training-services-market-A16891
○ The Pet Clothing Market is expected to reach $7.66 billion by 2031
https://www.alliedmarketresearch.com/pet-clothing-market-A16890
○ The Functional Pet Treat Market is expected to reach $722.8 million by 2031
https://www.alliedmarketresearch.com/functional-pet-treat-market-A31665
○ The Pet Treats Market is expected to reach $29.7 billion by 2031
https://www.alliedmarketresearch.com/pet-treats-market-A16950
○ Cat Litter Market is expected to reach $11,293.30 million by 2030
https://www.alliedmarketresearch.com/cat-litter-market-A15878
○ Pet Car Seat Market is estimated to reach $1,531.8 million by 2031
https://www.alliedmarketresearch.com/pet-car-seat-market-A16889
○ The Vegan Pet Food Market is estimated to reach $16.3 billion by 2030
https://www.alliedmarketresearch.com/vegan-pet-food-market-A15847
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