The pet grooming market is anticipated to be valued at USD 14,932.7 million by 2023, with projections indicating a potential surge to USD 37,462.6 million by 2033, as estimated by FMI. Manufacturers stand to benefit from the increasing purchasing power of consumers, with expectations of an impressive Compound Annual Growth Rate (CAGR) of 9.6% through 2033. This forecast highlights the growing importance placed on pet care and grooming services, driven by a burgeoning pet ownership culture and heightened awareness of pet health and well-being. Stakeholders are well-positioned to capitalize on these trends and tap into the expanding pet grooming market.
Mobile grooming services have become increasingly popular in recent years, offering convenience and flexibility for pet owners needing more time to take their pets to a grooming salon. Mobile groomers come to the pet owner’s home or office, providing a personalized and stress-free grooming experience.
The Honest Kitchen, a pet food and supplies company, is a company that has capitalized on the trend towards natural and organic pet grooming products. The company’s grooming line includes natural shampoos, combs & brushes, conditioners, and sprays made with human-grade ingredients such as coconut oil, aloe vera, and chamomile. The company’s commitment to natural and organic ingredients has helped it build a loyal following among pet owners who prioritize quality and safety.
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Technology is increasingly being integrated into pet grooming accessories, with innovations such as automated grooming brushes, high-tech tables, and digital pet grooming tools. These products are designed to make grooming easier and more efficient and can help pet owners achieve professional-level results at home.
Furminator, a popular pet grooming brand, is an example of a company that has integrated technology into its grooming products. For example, the company’s de-shedding tool uses advanced technology to remove loose hair from pets, reducing shedding by up to 90%. The tool uses a stainless-steel edge that reaches deep beneath a pet’s topcoat to remove loose hair and is designed to be gentle on a pet’s skin. As a result, the tool has become a favorite among pet owners who want to reduce shedding and keep their homes clean.
Consumer preferences in the pet grooming market can be unpredictable and change rapidly in response to evolving trends or new product innovations. Therefore, companies must be agile and adapt quickly to changing consumer preferences to remain competitive.
Key Takeaways
- Mobile grooming services are becoming more popular, offering convenience and personalized service to busy pet owners.
- The Indian market held a 9.6% market share in 2022.
- Technology is being integrated into grooming products, with high-tech pet grooming tools and automated grooming solutions gaining popularity.
- Cost can be a barrier to entry, particularly for pet owners seeking professional grooming services or premium accessories.
- There is a growing focus on sustainability in the pet grooming market, with companies seeking eco-friendly packaging and production methods.
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Competitive Landscape
The pet grooming market is highly competitive, with a mix of small and large players operating in the space. Established players include companies such as PetSmart, Petco, and Chewy, which offer grooming services and accessories. In addition, there are a large number of independent grooming salons and mobile grooming services that operate locally.
The startup ecosystem in the pet grooming market is also active, with several companies focused on developing innovative pet grooming accessories and services. Many of these startups are leveraging technology to create new and innovative solutions, such as automated pet grooming tools, pet wellness tracking devices, and online booking platforms for grooming services.
Some key innovation areas in the pet grooming market startup ecosystem include natural and organic grooming products, high-tech pet grooming tools and personalized grooming services. In addition, startups are also developing solutions to address safety concerns in the industry, such as ergonomic pet grooming tools and safety training programs for groomers.
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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