The pet cosmetics market has experienced strong growth, expanding from $1.86 billion in 2023 to $1.99 billion in 2024, with a compound annual growth rate (CAGR) of 6.8%. This growth is attributed to rising pet ownership rates, increased humanization of pets, growing awareness of pet hygiene and grooming, and higher disposable incomes leading to increased spending on pets, influenced by social media and pet influencers. The market is projected to reach $2.6 billion by 2028, growing at a CAGR of 7%. This growth is driven by ongoing trends in pet ownership and humanization, advancements in pet grooming and hygiene products, rising demand for natural and organic pet cosmetics, expansion of e-commerce platforms for pet products, and increased awareness of pet health and wellness. Major trends anticipated include premium and specialized pet cosmetics, a focus on sustainable and eco-friendly products, customization and personalization of pet grooming products, adoption of mobile grooming services, and integration of technology in pet grooming, such as smart grooming tools and apps.
Global Pet Cosmetics Market Key Driver
The increasing popularity of maritime trade is anticipated to drive growth in the marine hybrid and full electric propulsion market. Maritime trade, involving the exchange of goods through sea routes, is rising due to higher fuel prices, expanded and modernized ports, and enhanced shipping lanes. Marine hybrid and electric propulsion systems offer better fuel efficiency and lower emissions compared to traditional diesel engines, aligning with the maritime industry's sustainability goals. According to UN Trade Development, maritime trade is expected to grow by 2.4% in 2023 and more than 2% annually from 2024 to 2028. The marine hybrid and full electric propulsion market, valued at $1 billion in 2023, is projected to reach $1.2 billion in 2024 and $2 billion by 2028, reflecting the increasing adoption of environmentally friendly propulsion technologies in maritime trade.
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Global Pet Cosmetics Market Segments
The pet cosmetics market covered in this report is segmented –
1) By Product Type: Shampoo, Conditioner, Skin Powder, Perfume, Eye Care Lotion, Moisturizing Balm
2) By Price: Low, Medium, High
3) By Pet Type: Dogs, Cats, Other Types
4) By Distribution Channel: Online, Offline
5) By End Users: Individual Pet Owners, Professional Pet Groomers
By Geography:The regions covered in the pet cosmetics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the pet cosmetics market in 2023.
Major Pet Cosmetics Industry Players
Nestlé Purina PetCare, Mars, Elanco Animal Health Incorporated , Hill's Pet Nutrition Inc., Spectrum Brands Holdings Inc., Wahl Clipper Corporation, Burt's Bees, The Hartz Mountain Corporation, Beaphar BV, TropiClean Pet Products Inc., Cardinal Pet Care, SynergyLabs, Earthbath, Davis Manufacturing, DermaPet, Lambert Kay, Vet's Best, Petkin, John Paul Pet, Bio-Groom, Warren London, OM Botanical, Nature's Specialties, Ancol Pet Products Limited
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Pet Cosmetics Market Overview
Pet cosmetics refers to a range of grooming and hygiene products specifically formulated for pets to maintain and enhance the appearance, health, and well-being of companion animals. They cater to both aesthetic preferences and health needs, promoting a clean, healthy, and well-groomed appearance for pets.
Pet Cosmetics Global Market Report 2023 provides data on the global pet cosmetics market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The pet cosmetics market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
