North America is expected to dominate the market, registering a significant CAGR of 3.9% in terms of value.
— Roshan Deshmukh
WILMINGTON, NEW CASTLE, DELAWARE 19801 USA, UNITED STATES, January 19, 2024 /EINPresswire.com/ — According to a new report published by Allied Market Research titled, “Pet Grooming Products Market by Type, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2018 – 2025,” The global pet grooming products market size was valued at $3,872 million in 2017, and is projected to reach at $5,488 million by 2025, growing at a CAGR of 4.5% from 2018 to 2025. In 2017, the U.S. pet grooming products market accounted for nearly 30% of the global market. The report offers an extensive analysis of changing market trends, key segments, top investment pockets, regional scenario, Porter’s Five Forces, and competitive scenario.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/request-sample/2271
Rise in trend of nuclear families, rapid humanization of pets, and increased awareness about pet health drive the growth of the global pet grooming products industry. In addition, increase in ownership of pets in developing nations and rise in e-commerce sales offer opportunities for the market players. However, increase in concerns about allergies associated with pets is anticipated to hamper the market growth.
According to the Asthma and Allergy Foundation of America, in the U.S., nearly 30% of the people with allergies suffer from allergic reactions to cats and dogs. Exposure of cat and dog allergens can lead to various reactions such as stuffy nose, swelling & itching of skin membranes, and inflamed eyes. Increase in prevalence of pet allergies among people constraints the adoption rate of pets, thus hampering the pet grooming products market growth.
The supermarket/hypermarket segment generated the highest revenue in 2017, as they offer one-stop shopping experience along with a broad product range. Conversely, 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 shopping methods.
North America pet grooming products market share is expected to account for the highest market share, owing to surge in adoption of specialized, advanced, and premium pet grooming products in the U.S. Moreover, increase in disposable income and rise in popularity of pet grooming products in emerging economies, such as China and India, are anticipated to boost the demand for pet grooming products in Asia-Pacific. In Brazil, the increased frequency of adopting pets can be seen due to the growth of middle-class population. This leads to increase in demand of pet care products and accessories, which in turn drives the growth of the market in this region.
𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐢𝐬 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞: https://www.alliedmarketresearch.com/checkout-final/da1c39b4acc72390ffd25249e1cf7023
The pet industry has witnessed a rapid growth due to humanization of pets in developed and developing regions.Pet owners are increasingly nursing their cats, dogs, birds, and other pets like family members, and therefore purchase of various pet supplies is more functionally driven, as health becomes an important priority. Products designed to cater to the health & hygiene needs of pet are encouraging owners to increase the annual expenditure in pet grooming products & services.
Key players profiled in the report include Ancol Pet Product Limited, Beaphar, Ferplast S.P.A., 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 Pet Grooming Products Market:
○ The report provides an extensive analysis of the current & 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 estimations that assist to evaluate the prevailing market opportunities.
○ Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
○ Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
○ The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.
𝐖𝐚𝐧𝐭 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/purchase-enquiry/2271
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