The global pet grooming market to grow at a CAGR of 4.19% during the period 2016-2020.
The global pet grooming market will grow at a steady pace during the forecast period, driven by increased pet ownership and awareness of the health benefits associated with owning a pet.
A trend which is positively impacting the market is the increased demand for luxury pet services. Pet owners are increasingly buying premium products, and this stems from the fact that these days, owners treat their pets as part of their family, and want to provide them with the best. The concept of pet parents is also on the rise, where childless or single parents are adopting pets. With pet owners going for premium grooming products for their pets, market manufacturers are increasingly launching niche products to cater to the demand.
The US is the leading country in the market. Baby boomers in the country, and in most other developed countries, have been seen to adopt pets as their children move away for education or get married. The growing number of baby boomers, therefore, bodes well for the market.
According to the report, a key growth driver is the increase in pet related spending. Individuals have increased their pet ownership and pet spending worldwide. Global pet ownership increased from 53.6% to 56.5% between 2009 and 2013, with 66.8 million households owning pets. Pet owners are increasingly spending money and time on innovative and specialized premium pet grooming products, with most of them treating pets as part of their family.
Further, the report states that one challenge that could curtail market growth is pet allergies among caregivers.
- Ancol Pet Products - Beaphar - Ferplast - Rolf C Hagen - Rosewood Pet Products - The Hartz Mountain
Other prominent vendors
- Bob Martin - BOSHEL - Chelsea Dogs - earthbath - Johnson's Veterinary Products - Just for Pets - Leonart F. Jollye - Mines for Pets - Oster - Pet Brands - Pettex - The Pet Warehouse