Product ID: UCMIG25S2018
Report ID:
UCMIG25S2018 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for pet grooming and accessories, which was valued at USD 68.31 billion in 2022, is expected to witness substantial growth. It is projected to increase from USD 72.50 billion in 2023 to USD 116.23 billion by 2030, demonstrating a steady CAGR of 6.98% over the forecast period. Pet grooming plays a crucial role in maintaining the health and well-being of pets, contributing to their longevity. Pet grooming accessories help maintain hygiene, minimize odor, and reduce issues like dander and hair shedding. Routine pet grooming services can also alleviate issues such as tangles and excessive hair. These essential practices include bathing, brushing, hair trimming, ear cleaning, and nail trimming. Neglecting proper grooming can lead to discomfort and pain for pets, underscoring the growing importance of pet health and welfare, and an increased demand for pet styling, which is driving the growth of the global market.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Specialized Consumer Services by segment aggregation, the contribution of the Specialized Consumer Services in Consumer Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG25S2018