The global pet shampoo market size is expected to reach USD 757.7 million by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 6.4% during the forecast period. Increasing rate of pet adoption among millennials is expected to remain a key growth driver. In addition, rising awareness about animal health and hygiene among the pet owners is expected to fuel the product demand.
The home care & decor industry has been witnessing inconsistent growth, since the Covid 19 outbreak. As a result of the ongoing pandemic crisis, there has been a drop in the overall performance of discretionary products such as decorative fixtures, bedding products, to name a few. The virus outbreak has, however, led to substantial growth in categories such as cleaning and hygiene products. Prominent growth in the e-commerce business is also one of the positive influences of the outbreak, wherein companies are focusing on expanding their distribution networks to online channels in order to cater to the surging consumer demand. Our team is diligently working towards accounting these factors in our report with the aim of providing you with the up-to-date, actionable market information and projections.
Dog products segment held the leading market share exceeding 30% in 2018. The dog adoption rate has been increasing in countries, including U.S., Argentina, Mexico, Brazil, U.K, Russia, China, Japan, Philippines, and India. This trend is anticipated to boost the demand for dog shampoos in the upcoming years.
The commercial application segment held the largest market share of over 60% in 2018. Growing number of pet stores on a global level has been driving the application in the commercial sector. Furthermore, the bulk requirements from the growing animal boarding and grooming services has been impacting the market positively.
The online distribution channel is expected to witness the fastest growth in near future. The prominent e-commerce players in the pet shampoo market include Amazon; PetSmart Inc.; BarkBox; Petco Animal Supplies, Inc.; PetFlow; Bulk Reef Supply; TABcom LLC; and PetMed Express, Inc.
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Further key findings from the report suggest:
Household application is expected register the fastest CAGR of 6.7% from 2019 to 2025
Commercial segment held the largest market share of more than 50% in terms of revenue in 2018
Offline distribution channel held the leading market share of around 90% in 2018
Online distribution channel is expected expand at the fastest CAGR of more than 10% during the forecast period
The key competitors in the market include Groomer’s Choice; SynergyLabs; Vet’s Best; Himalaya Herbal Healthcare; Petco Animal Supplies, Inc.; Logic Product Group LLC; Wahl Clipper Corporation; 4-Legger; Earthwhile Endeavors, Inc.; and World For Pets
The global pet shampoo market size was valued at USD 489.6 million in 2018. The increasing awareness regarding health and hygiene of the pets among owners is driving the growth. Furthermore, rising number of pet adoptions are expected to accelerate the product demand.
Adoption rate of companion animals among millennials has been increasing on a global level, which is supported by the rising purchasing power. According to the 2017-18 National Pet Owners’ Survey by the American Pet Products Association (APPA), millennials account for around 35% of companion animal owners, whereas the baby boomers accounted for approximately 32%. Increasing ownership among millennials is expected to accelerate the market growth in the forthcoming years.
Shampoo has become an essential product to keep animals clean and hygienic and to maintain the shine and brightness of their coat. The product also prevents the common skin problems related to germs, fleas, and ticks among others. All these factors are anticipated to bode well for the product demand. Availability of a wide range of fragrances including vanilla, orange, lavender, and chamomile, among others is expected to further fuel the demand.
Over the past few years, people are willing spend more on premium products for their companion animals. The spending on humanization of pet has been increasing significantly over the world. This factor is expected to drive the demand for hygiene products including shampoos in the upcoming years.
Commercial segment led the pet shampoo market in 2018, accounting for over 55% of the global revenue share. Over the past few years, the number of pet store has increased significantly. Similarly, the pet boarding and grooming services have also increased significantly in the developed countries. These organizations require products in bulk to serve the large of animals, which further drives the demand.
The household segment is expected to register the fastest CAGR of 6.7% from 2019 to 2025 owing to the increasing adoption of companion animals across the globe. The emerging economies including India, Brazil, Philippines, and Argentina have been witnessing significant growth in adoption rate. Rising spending on pet grooming has been fueling the demand for shampoos in this segment.
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Grand View Research has segmented the global pet shampoo market on the basis of animal, application, distribution channel:
Pet Shampoo Animal Outlook (Revenue, USD Million, 2015 - 2025)
Dog
Cat
Others
Pet Shampoo Application Outlook (Revenue, USD Million, 2015 - 2025)
Household
Commercial
Pet Shampoo Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
Offline
Online
In 2018, the dog products held the largest market share of more than 50% in terms of revenue share. Argentina, Mexico, Brazil, U.S, Russia, China, Japan, Philippines, U.K., and India have largest dog ownerships in the world. According to a survey by APPA, around 48% of households in U.S. owned at least one dog in 2018. Adoption of small dogs has been on the rise over the past few years. In U.S., the households owning small dogs has increased from 39.3% in 2011 to 50% in 2018.
Most dog owners consider their dog as a family member and are willing to spend more money on their health and hygiene. This factor is anticipated to fuel the market over the forecast period. Shih Tzu, Poodle, Chow Chow, Bernese Mountain Dog, Golden Retriever, and Yorkshire Terrier are the most popular furry dog breeds that require shampoo for personal hygiene and grooming.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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