Pet grooming: Key market research findings
- North America dominates the market geographically
- Shampoos and conditioners account for a majority of the market’s revenue
- Key vendors – Ancol, Beaphar, Ferplast, Rolf C Hagen, and The Hartz Mountain
Technavio’s market research analysts predict the global pet grooming market to grow at a CAGR of more than 4% between 2016 and 2020. The recent increase in pet ownership coupled with rising awareness of the health benefits associated with owning a pet are the fundamental driving forces behind the growth of this market. North America dominated the global pet grooming market in 2015 by accounting for more than 39% of the overall market share. The recent rise in pet ownership and the subsequent increase in spending per pet in the region are expected to propel market growth in North America during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the pet grooming segments based on the product type.
“Of late, there has been an ongoing rise in the number of mobile pet groomers. Mobile pet groomers provide pet grooming services on demand for a fee. Such services save time and are convenient for pet owners as well as the pet as they can be availed easily and quickly. Besides, mobile pet grooming services are cheaper than fixed grooming salons as the cost of running the business is lesser,” says Brijesh Kumar Choubey, Lead Analyst, Consumer & Retail, Technavio Research.
During 2015, the shampoo and conditioner segment accounted for around 45% of the overall market share to become the dominant revenue generator in the global pet grooming market. This segment of the market is expected to showcase steady growth during the forecast period owing to the increasing awareness about the advantages of such products and the rise in demand for healthier and safer products, especially ones that contain natural or organic ingredients.
The key vendors in the market include Ancol, Beaphar, Ferplast, Rolf C Hagen, and The Hartz Mountain. This market is highly competitive, with multiple vendors competing on the basis of product differentiation, product portfolios, quality, and pricing. Several vendors in the market are planning to extend their businesses to emerging markets such as Central and South America and APAC to sustain themselves in the market and to expand their market outreach. The dominant position of the well-established vendors in the market coupled with the need for high initial investments will restrict the entry of new players in the coming years.
A more detailed analysis is available in the Technavio report, Global Pet Grooming Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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