The global pet grooming and accessories market is anticipated to rise during the forecast period due to the increasing emergence of smart accessories. Fortune Business Insights™ publishes this information in a report titled, “Global Pet Grooming and Accessories Market, 2024-2030″. As per the report, the pet grooming and accessories size was USD 72.50 billion in 2023. The market size is expected to rise to USD 116.23 billion by 2030 at a CAGR of 6.98% during the projected period.
Information Source: https://www.fortunebusinessinsights.com/pet-grooming-and-accessories-market-107622
Top Companies Covered in the Pet Grooming and Accessories Market:
- Pet Parents LLC (U.S.)
- Simply Fido (U.S.)
- Groomer’s Choice (U.S.)
- Earthwhile Endeavors (U.S.)
- Petco Animal Supplies, Inc. (U.S.)
- Canada Pooch (Canada)
- Moshiqa (U.S.)
- Central Garden & Pet (U.S.)
- Jolly Pets (U.S.)
- The Orvis Company, Inc. (U.S.)
- Spectrum Brands (U.S.)
- Coastal Pet Products (U.S.)
- Doskocil Manufacturing Company, Inc (Petmate) (U.S.)
- KONG Company (U.S.)
- Radio Systems Corporation (U.S.)
Segments:
Pet Accessories to Witness Rapid Adoption through 2030
By type, the market is trifurcated into pet accessories, pet grooming /services, and pet clothing. The pet accessories segment is expected to rule owing to increasing adoption of pets in developed and emerging countries.
Dog Segment to Record Notable Growth during 2023-2030
Based on pet type, the market is divided into dog, cats and others. The dog segment is expected to gain traction due to rise in spending on various dog accessories, apparel, and dogs’ groomed products.
Mass Segment to Witness Maximum Consumer Demand through 2030
On the basis of sector, the market is segmented into mass and luxury. The mass segment is projected to dominate owing to Rising demand among consumers.
Report Coverage:
The report focuses on providing factual information regarding market development and recent trends. Major strategies adopted by key market players such as mergers, partnerships, acquisitions, and alliances are elaborated further. Also, drivers and restraints affecting market growth are highlighted further in this report. Furthermore, the impact of the COVID-19 pandemic on market development and expansion. Also, regional information and a list of key market players in the segmented region are given in this report.
Drivers & Restraints:
Increasing R&D activities to Design Smart Pet Accessories to Bolster Market Growth
One of the significant factor that has beefed up the demand for the product is the increasing emergence of smart accessories such as connected pet collars, smart feeders, and smart beds. Also, to provide the comfort and safety of pets, several industry players are making hefty investments in R&D activities to design smart pet accessories, which tends to fuel market growth. Meanwhile, an increase in the cost of pet accessories products could deter market growth.
Regional Insights:
North America Holds Highest Market Share Due to Rising Pet Owners
North America dominates the global pet grooming and accessories market share due to the more significant number of pet owners across the region.
Europe is expected to hold the second-highest global market share during the projected period. The regional market growth is attributed to a rise in awareness regarding pet hygiene.
Competitive Landscape:
Key Players Focus on Partnerships to Expand their Business Globally
The key industrial players are focusing on partnering with supporting firms to expand their business globally. Also, designing and manufacturing a new product range allows key players to enhance their product portfolio.
Key Industry Development:
- October 2020: A leading global brand specializing in quality pet treats and toys, Spectrum Brands Holdings, Inc. acquired Armitage Pet Care Ltd. to strengthen its e-commerce business across Europe.
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