According to a new report published by UnivDatos Markets Insights, the Pet Hair Care market is expected to grow at a CAGR of ~4.5% from 2022-2030. The analysis has been segmented into Product (Shampoos, Conditioners, Shedding and Trimming Tools, Others); Animal (Dog, Cat, Others); Region/Country.
The Pet Hair Care market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Pet Hair Care market. The Pet Hair Care market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Pet Hair Care market at the global and regional levels.
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Key Market Dynamics
One driving factor for the pet hair care market is the increasing pet ownership. As more and more people are becoming pet owners, there is a growing demand for products that can help keep their pets' fur clean and healthy. According to the American Veterinary Medical Association (AVMA), the number of pet dogs in the United States has increased by 24% since 2006, and the number of pet cats has increased by 17%. This trend is expected to continue, with the number of pet dogs and cats in the US projected to reach 200 million by 2025. Recently, there has been a growing trend towards natural and organic pet care products, including pet hair care products. This has led to an increase in demand for products that are free from harsh chemicals and artificial ingredients. Another recent news in the pet hair care market is the launch of new products by leading pet care companies. For example, in 2021, Petco, a leading pet retailer, launched a new line of pet hair care products that are designed to be gentle on pets' skin and the environment. The line includes a range of products, including shampoos, conditioners, and brushes, that are made with natural ingredients and are free from harsh chemicals. Similarly, in 2022, PetSmart, another leading pet retailer, launched a new line of pet hair care products that are specifically designed for long-haired pets. The line includes a range of products, including shampoos, conditioners, and combs, that are formulated to help prevent tangles and mats.
COVID-19 Impact
The COVID-19 pandemic has had a significant impact on the pet hair care market, as many pet owners have been staying at home with their pets and are increasingly focused on their pets' health and well-being. With many people losing their jobs or experiencing financial uncertainty due to the pandemic, there has been a rise in disposable income, which has led to an increased demand for premium pet hair care products. The pandemic has led to a significant increase in online sales of pet care products, including pet hair care products. This is because many pet owners are staying at home and are unable to visit pet stores, making it easier for them to purchase products online.
The global Pet Hair Care market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on product, the market is segmented into shampoos, conditioners, shedding and trimming tools, and others. Amongst these, the conditioners segment dominated the market in 2021.
· Based on animal, the market is segmented into dog, cat, and others. The dog segment held a major share of the pet hair care market in 2021.
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Pet Hair Care Market Geographical Segmentation Includes:
· North America (U.S., Canada, and the Rest of North America)
· Europe (Germany, UK, France, Italy, Spain, Rest of Europe)
· Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific)
· Rest of the World
North America has a high pet ownership rate, with an estimated 69% of households owning at least one pet. This high pet ownership rate is expected to drive the demand for pet hair care products, as pet owners are increasingly looking for ways to keep their pets' fur clean and healthy. Many pet care companies are developing new and innovative products that are designed to meet the specific needs of different pets and pet owners. This is expected to drive the growth of the pet hair care market in North America.
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Pet Hair Care market. The major players have been analyzed by using research methodologies such as Porter’s Five Forces Analysis for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the Pet Hair Care market?
• Which factors are influencing the Pet Hair Care market over the forecast period?
• What are the global challenges, threats, and risks in the Pet Hair Care market?
• Which factors are propelling and restraining the Pet Hair Care market?
• What are the demanding global regions of the Pet Hair Care market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
• What are the descriptive profiles of key companies along with their SWOT analysis?
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