Pet Cosmetics Market Insights, Analysis And Forecast To 2033

Global pet cosmetics market size is expected to reach $2.6 billion by 2028 at a rate of 7%, segmented as by product type, shampoo, conditioner, skin powder, perfume, eye care lotion, moisturizing balm

Oct 21, 2024 - 13:09

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Pet Cosmetics Market Insights, Analysis And Forecast To 2033

The pet cosmetics global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Pet Cosmetics Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size -
The pet cosmetics market size has grown strongly in recent years. It will grow from $1.86 billion in 2023 to $1.99 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to rising pet ownership rates, increased humanization of pets, growing awareness of pet hygiene and grooming, higher disposable incomes are leading to increased spending on pets due to the influence of social media and pet influencers.

The pet cosmetics market size is expected to see strong growth in the next few years. It will grow to $2.6 billion in 2028 at a compound annual growth rate (CAGR) of 7%. The growth in the forecast period can be attributed to continued growth in pet ownership and pet humanization trends, advances in pet grooming and hygiene products, increasing demand for natural and organic pet cosmetics, the expansion of e-commerce platforms for pet products, and rising awareness of pet health and wellness. Major trends in the forecast period include premium and specialized pet cosmetics, increased focus on sustainable and eco-friendly products, customization and personalization of pet grooming products, the adoption of mobile grooming services, and the integration of technology in pet grooming, such as smart grooming tools and apps.

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Scope Of Pet Cosmetics Market
The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Pet Cosmetics Market Overview

Market Drivers -
The increasing adoption of companion animals is expected to propel the growth of the pet cosmetics market going forward. Companion animals refer to domesticated animals, such as dogs, cats, birds, and other pets, kept primarily for companionship and emotional support rather than utility or work purposes. Emotional, psychological, and sociological variables contribute to the increasing demand for companion animals. With individuals increasingly appreciating the multiple benefits of pet ownership, from improved mental health to enhanced lifestyle, the trend of adopting and caring for companion animals continues to increase. Pet cosmetics maintain and enhance companion animals' hygiene, appearance, and overall well-being, promoting their health and comfort. For instance, in April 2024, according to the American Pet Products Association, a US-based non-profit association, in 2023, 86.9 million US households owned a pet, which accounts for 66% as compared to 62% in 2022. Therefore, the increasing adoption of companion animals is driving the growth of the pet cosmetics market.

Market Trends -
Major companies operating in the pet cosmetics market are focusing on natural and sustainably sourced ingredients in products, such as organic shampoo, to appeal to environmentally conscious consumers and enhance the brand's reputation for ethical and responsible product offerings. Organic shampoo is a natural cleaning solution for dogs that uses plant-based substances to soothe and nourish skin while thoroughly washing the coat without harsh chemicals. For instance, in July 2023, OM Botanical, a US-based company, introduced a plant-based conditioning dog shampoo designed to be gentle yet effective, cleansing pets while smoothing and detangling their coats. This product utilizes natural ingredients like aloe and plantain leaf extract to moisturize and soothe irritated or sensitive skin while also deodorizing to remove odors from outdoor adventures. The emphasis on natural, sustainable ingredients aligns with consumer preferences for ethical and responsible pet care products, enhancing OM Botanical's brand reputation and appeal among environmentally conscious pet owners.

The pet cosmetics market covered in this report is segmented –
1) By Product Type: Shampoo, Conditioner, Skin Powder, Perfume, Eye Care Lotion, Moisturizing Balm
2) By Price: Low, Medium, High
3) By Pet Type: Dogs, Cats, Other Types
4) By Distribution Channel: Online, Offline
5) By End Users: Individual Pet Owners, Professional Pet Groomers

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Regional Insights -
North America was the largest region in the pet cosmetics market in 2023. The regions covered in the pet cosmetics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies -
Major companies operating in the pet cosmetics market are Nestlé Purina PetCare, Mars, Elanco Animal Health Incorporated , Hill's Pet Nutrition Inc., Spectrum Brands Holdings Inc., Wahl Clipper Corporation, Burt's Bees, The Hartz Mountain Corporation, Beaphar BV, TropiClean Pet Products Inc., Cardinal Pet Care, SynergyLabs, Earthbath, Davis Manufacturing, DermaPet, Lambert Kay, Vet's Best, Petkin, John Paul Pet, Bio-Groom, Warren London, OM Botanical, Nature's Specialties, Ancol Pet Products Limited

Table of Contents

1. Executive Summary
2. Pet Cosmetics Market Report Structure
3. Pet Cosmetics Market Trends And Strategies
4. Pet Cosmetics Market – Macro Economic Scenario
5. Pet Cosmetics Market Size And Growth
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