Pet Bathing Supplies Market is Set to Reach US$ 8049. 8 Mn in 2022 & is Anticipated to Reach a Revenue of US$ 1 . 2 Bn by the Year end of 2032 | Future Market Insights, Inc. – AccessWire
NEWARK, DE / ACCESSWIRE / October 27, 2022 / As per the analysis conducted by FMI, the global pet bathing supplies market is projected to have an average-paced CAGR of 6. 2% during the forecast period. The current valuation of the market is US$ 8, 049. eight Million in 2022. The market value of the pet bathing supplies market is anticipated to reach a high of US$ 11, 915. 6 Million by the year 2032. The analysts of Future Market Insights have recorded a historical CAGR of 3. 0%.
FMI has analyzed that there is an unprecedented surge in demand for pet washing supplies, owing to various internal market dynamics and some external nudges courtesy of emerging global trends like mobile grooming for pets, bathing tutorials, and more.
Furthermore, expert analysts of FMI have also revealed that the increasing pet adoption and the humanization of pets have tremendously helped in the growth of the pet bathing supplies industry. This has led to people spending a substantial amount of their income on the care and needs of their pets.
In addition , the manufacturers are exerting a lot of effort to curate pet bathing solutions that include shampoos and conditioners to give furry friends a clean and brilliant coat, eliminating unwanted germs, harmful fleas, and ticks. Growing awareness about skin ailments, timely grooming, and cleaning companion animals further boost the expansion of the pet showering supplies market.
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The pet bathing supplies market manufacturers are offering medicated formulations in shampoos and conditioners, coupled with the incorporation of organic elements in the products. They are promoting their products on social media platforms through customer testimonials, which is anticipated to drive sales of pet baths supplies, owing to rising disposable incomes and pet culture trends pertaining to the market.
The introduction of new products with multi-functional usage and without dangerous side effects will be a key sales driver. Catering to customers in low and middle-income nations will also be a key strategy that key market players are likely to adopt.
Key Takeaways from the Pet Bathing Supplies Market:
- North America accounted for an overall market share of 50% during the base year.
- The U. S. is estimated to record approximately 89. 7 million pet owners in the forthcoming years.
- Europe is projected to account for a market share associated with 22% during the forecast period.
- The U. K is accounted for recording a total market share of 19. 3% during 2022-2032.
- The Shampoo & Conditioners segment recorded a market share of approximately 60% in 2021.
- China is projected to advance at a CAGR of 10. 3% during the estimated study period.
“The rising demand for dog grooming products can be related to an increase in pet ownership and a surge in consumer awareness regarding pet health is likely to create lucrative growth opportunities for the market players in the pet bathing materials market. ” – Says an FMI analyst.
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Competitive Landscape in the Dog Bathing Solutions Market
The pet swimming solutions market manufacturers are continually implementing several development strategies, with mergers & acquisitions and partnerships along with prominent players. e growing trend of organic items has encouraged manufacturers in order to introduce organic grooming shampoos and conditioners for pets.
In addition to that, the manufacturers have also developed medicated shampoos with specific formulations to treat various skin-related problems and diseases in companion animals.
Groomer’s Choice, Rosewood Family pet Products, Resco, Hagen Incorporation., Spectrum Brand Holdings, plus PetEdge are some of the key gamers in the market.
Recent Developments in the Pet Bathing Solutions Market
- In March 2018, BioAdaptives, Inc ., the U. S. -based natural health products producer acquired Philco Animal Health Inc., which is a Canada-based veterinary product company.
- Within February 2022, Pet Supplies Plus , one of North America’s largest independent pet retailers, obtained WagN’Wash, a fast-growing self-cleaning, pet food, and Bathing Supplies franchise in 15 locations.
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Key Segments in the Pet Bathing Supplies Market
By Product Type:
- Conditioners & Shampoos
- Massage brushes/ Scrubber
- Pet bathtub/ swimming pool
- Dog towel
By Pet Type:
- Fish & Reptiles
- Small Pets
- Horses & Other Livestock
By Sales Channel:
- Modern Trade
- Convenience Stores
- Care Service Centers
- Online Retail
- Support Care Centers
- Pet Specialty Stores
Table of Content
1 . Executive Summary
1 . 1 . Global Marketplace Outlook
one 2 . Demand-side Trends
1 . 3. Supply-side Trends
1 ) 4. Technology Roadmap Analysis
1 . 5. Analysis and Recommendations
2 . Market Overview
2 . 1 . Market Coverage / Taxonomy
2 . 2 . Market Definition / Scope / Limitations
3. Market Background
3. 1 . Marketplace Dynamics
a few. 1 . 1 . Drivers
3. 1 . 2 . Restraints
three or more. 1 . 3. Opportunity
3. 1 . 4. Trends
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About Future Market Insights, Inc.
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SOURCE: Future Market Insights, Inc.