The global Pet Bathing Supplies Market is projected to have an average-paced CAGR of 6.0% during the forecast period. The current valuation of the market is USD 8,565.0 million in 2023. The market value of the pet bathing supplies market is anticipated to reach a high of USD 15,338.6 million by the year 2033.The analysts of Future Market Insights have recorded a historical CAGR of 3.0% during 2018 to 2022.
| Report Attribute | Details |
|---|---|
| Pet Bathing Supplies Market Value (2023) | USD 8,565.0 million |
| Pet Bathing Supplies Market Anticipated Value (2033) | USD 15,338.6 million |
| Pet Bathing Supplies Projected Growth Rate (2023 to 2033) | 6.0% |
The global pet bathing supplies market is witnessing an unprecedented surge due to the rising concern of pet owners for the maintenance, health, and well-being of the animals.
The expert analysts at FMI have analyzed that there is a rise in the concept of pet parenting and advanced pet care. The economy is moving forward with the rising disposable income of pet owners, making allowance for affordable pet care, which is anticipated to fuel the market size of pet bathing supplies.
Furthermore, while analyzing the pet bathing supplies market, it has been revealed by analysts that there is a rising number of pet adoption across the globe, and ownership trends are leading toward humanization.
Additionally, there is a development of organic offerings and innovations made by manufacturers in the pet care market, which is expected to positively impact the global pet bathing supplies market in the coming years. Therefore, the pet bathing supplies market is likely to have significant growth during the forecast period.
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As per the analysis of FMI, there has been a gradual rise in the market size of pet bathing supplies. A substantial rise in CAGR from 3% to 4% is recorded from the base year. This gradual rise can be attributed to the increase in the culture of pet adoption.
Pet bathing supplies are in high demand due to the popularity of primary pet care in families worldwide. Most people consider pets family members and thus are tilted towards grooming them with high-quality pet care products.
There is an escalating number of people who live alone, especially in cities, who tend to have dogs as a pet of choice to give them company. Furthermore, the use of dogs in police and military operations has also increased the need for pet bathing supplies. It is likely further to propel the market's growth in the coming years.
Several aspects have been identified by the analysts at FMI, which are expected to drive the growth of the pet bathing supplies market with the exertion of a positive impact globally.
Besides the influential factors, some elements are also identified to curb the market growth in the coming years. Let’s look at the key fueling and deterring factors prevailing in the pet bathing supplies market.
DRIVERS
Some of the key demand drivers identified are:
Growing pet humanization and rising expenditure owing to high disposable income remain two pivotal aspects driving the market growth for pet bathing supplies.
DETERRENTS
Some of the factors that are likely to hamper the market growth are identified as follows:
Shampoos & Conditioners - By Product Type
The shampoos and conditioner segment of products accounted for the largest and fastest-growing category, accounting for a market share of approximately 60% during the base year.
This segment recorded a moderate-paced CAGR of 5% in recent years. The sales of the shampoos and conditioners segment are forecast to gain traction during the estimated study period, owing to:
E-commerce Platforms - By Sales Channel
In terms of sales channels, the online retail segment is projected to expand steadily over the forecast period. The e-commerce platforms segment accounted for a CAGR of 7% during the year 2022.
The reasons majorly contributing to the growth of this segment are as follows:
| Region | North America |
|---|---|
| Market Statistics | North America is the leading player in the pet bathing supplies market. This region represented an overall market share of 50% during the base year. Leading Country: United States. The United States accounted for a market share of USD 69.51 billion in 2022, and the estimated number of pet owners in this country accounted USD 89.7 million, as per the analysis of FMI. |
| Responsible Aspects | The market growth in the North American region is due to:
|
| Region | Europe |
|---|---|
| Market Statistics | Europe is anticipated to follow the North American market share and account for an overall share of 22% during the forecast period. Leading Country - United Kingdom.
|
| Responsible Aspects | The reasons behind the propelling market size are:
|
| Region | Asia Pacific |
|---|---|
| Market Statistics | The Asia Pacific region is projected to grow substantially over the forecast period. Leading Country: China China has a market valuation of USD 36.9 billion in the base year and is projected to hold 10.8% of the total market share in 2023. |
| Responsible Aspects | The factors contributing to the growth of the forum in the APAC region are:
|
The pet bathing supplies market start-up companies are anticipated to record the fastest growth in the forum. The start-ups are disrupting the segment with their exclusive offerings and services. They are extending a unique range of services like:
Top 3 Start-ups Jigging Up the Market
Supertails - Indian Start-up
This Bengaluru-based digital pet care start-up promises trustworthy veterinary care and a one-stop solution for pet food and supplies. The digital telehealth counselling service is made accessible by a group of experienced in-house veterinarians. The start-up also offers doorstep delivery of pet supplies across the country.
Grove - United States-based Start-up
Online subscription-based platform providing natural cleaning products and beauty products. Its catalog includes home, skin care, oral care, hair care, perfumes & deodorants, and pet care products. The company claims that its products are eco-friendly. The users can customize the curated boxes based on their preferences. The company offers mobile applications for Android and iOS platforms.
Wiggles - Indian Start-Up
This start-up offers doorstep convenience pet and services like a vet on call, grooming, training, boarding, and online veterinary and behavioral consultation plans for pets.
Key Market Players Revolutionizing the Pet Bathing Supplies Market
Leading global pet care market companies are investing in research and development to bring organic pet care products to market. It also focuses on promotional strategies to raise product awareness and increase the importance of pet health and care in the promotion.
The manufacturers are extensively innovating the range of pet bathing products and introducing organic grooming shampoos and conditioners for pets. They are frequently involved in mergers, acquisitions, and collaborations with other prominent players to strengthen their footprints in the pet bathing supplies market and curate budget pet care.
Recent Developments
Some of the key companies in the forum are:
In 2023, the market is expected to reach USD 8,565 million.
The market is projected to grow at USD 15,338.6 million by 2033.
Shampoos & conditioners is likely to be in high demand.
Pet health concerns and the demand for organic products are growing.
The market is expected to expand at 6% CAGR from 2023 to 2033.
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Pet Bathing Supplies Market
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