Global Pet Grooming Market 2016-2020
About the Pet Grooming Market
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.
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.
Technavio’s analysts forecast the global pet grooming market to grow at a CAGR of 4.19% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global pet grooming market for 2016-2020. To calculate the market size, the report considers revenue generated from the sales of the following products to individual customers:
Technavio Announces the Publication of its Research Report – Global Pet Grooming Market 2016-2020
Technavio recognizes the following companies as the key players in the global pet grooming market: Ancol Pet Products, Beaphar, Ferplast, Rolf C Hagen, Rosewood Pet Products, and The Hartz Mountain.
Other Prominent Vendors in the market are: Bob Martin, BOSHEL, Chelsea Dogs, earthbath, Johnson's Veterinary Products, Just for Pets, Leonart F. Jollye, Mines for Pets, Oster, Pet Brands, Pettex, and The Pet Warehouse.
Commenting on the report, an analyst from Technavio’s team said: “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.”
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. Animals are carriers of harmful bacteria such as Campylobacter jejuni. Diseases like cryptosporidiosis are often transmitted to humans, especially children, via animals. In addition, many furred and feathered animals, primarily cats, rodents, and birds, cause allergies in humans. Some proteins found in the saliva and urine of pets like cats and dogs may also cause skin allergies in people. Because of these factors, people often do not favor the adoption of pets.
Ancol Pet Products, Beaphar, Ferplast, Rolf C Hagen, Rosewood Pet Products, The Hartz Mountain, 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.
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