The global pet grooming and accessories market has witnessed significant growth, with a value of USD 77.12 billion in 2024 and a projected increase to USD 135.20 billion by 2032, showcasing a CAGR of 7.37% during the forecast period. North America led the market in 2024, capturing a substantial share of 41.09%. Grooming is crucial for pets’ health, preventing infections and maintaining a clean coat. The market offers a variety of products such as pet clothing, accessories, and grooming services tailored for dogs, cats, and other pets. The industry is divided into mass and luxury sectors, with players like Petkin Inc. and Wahl Clipper Corporation expanding their offerings.
The market saw a positive impact during the COVID-19 pandemic due to increased pet adoptions globally. The surge in pet ownership led to a heightened demand for pet care products, including grooming items. The pandemic accelerated the trend of pet adoption, with a significant rise in the adoption of various pets, not just dogs. The market also observed a shift towards sustainable pet outfits and smart accessories, with manufacturers introducing innovative products like smart beds and connected collars. The rise in online retailing has further fueled market growth.
The rise in pet adoption globally has been a key driver for market growth, with pet ownership increasing, especially among millennials. The trend of humanizing pets and the demand for premium pet care products have further boosted market revenues. Companies are leveraging e-commerce platforms to reach a wider audience, offering convenience and accessibility to customers. However, the high cost of pet accessories and grooming products poses a challenge to market expansion. Rising marketing costs and new product development efforts may restrain market growth.
The availability of technologically advanced tools in the pet grooming industry presents significant growth opportunities. Smart pet accessories that monitor pet health and behavior are gaining popularity among pet owners. The market is segmented by type, pet type, sector, and distribution channel. The dog segment dominates the market, driven by increased spending on dog-related products. North America leads the market, followed by Europe and Asia Pacific. The hypermarket/supermarket distribution channel is expected to hold a major share due to its wide product range and competitive pricing.
Key industry players like Pet Parents LLC and Petco Animal Supplies, Inc. are focusing on product innovation to stay competitive. Collaborations and new product launches are common strategies adopted by market players. The market outlook remains positive, with a growing demand for pet grooming and accessories worldwide. The industry is witnessing increased investments in R&D and marketing activities to cater to evolving consumer preferences and sustain market growth. The future of the pet grooming and accessories market looks promising, driven by the growing trend of pet humanization and the availability of a wide range of products to meet diverse customer needs.
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