Global Pet Skin And Coat Care Products Market Size, Share & Industry Trends Analysis Report By Application (Household and Commercial), By Pet Type, By Product (Shampoo, Supplements, Conditioner, Spray), By Regional Outlook and Forecast, 2023 - 2029
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Market Report Description
The Global Pet Skin And Coat Care Products Market size is expected to reach $7.7 Billion by 2029, rising at a market growth of 9.3% CAGR during the forecast period.
The increasing number of pets in emerging nations is driven by a rising middle class and the trend of pet ownership in millennial households with smaller families. Moreover, pet ownership has advantages for individuals' well-being, such as improved cardiovascular health, reduced anxiety and depression, and other benefits.
The pet industry has experienced a growing trend in pet ownership over the years, with pets being considered valued family members and loyal companions. As pet owners increasingly prioritize their own health and wellness, they are also placing greater emphasis on the health and well-being of their pets. As a result, the rising need for pet health products has resulted in a surge in demand for items that enhance skin and coat health.
Furthermore, businesses have addressed the pet skin and coat care market shifts by launching items that meet the increasing need for natural and organic components. These products are recognized for their calming and curative characteristics, rendering them suitable for application on animals with delicate skin.
With the increase in disposable incomes, pet owners are showing a willingness to invest more in their pets' health and overall wellness. This includes purchasing premium pet care products. Numerous top-tier brands are present in this market, providing superior quality products made with organic and natural ingredients devoid of any harsh chemicals.
COVID-19 Impact Analysis
The pet skin and coat care products market was significantly impacted by the COVID-19 pandemic. The pandemic's economic impact resulted in decreased spending on non-essential items, such as pet care products, consisting of skin and coat care products for pets. Furthermore, due to the ongoing lockdown measures and limitations on movement in the early stages of the pandemic, market sales experienced a decline. The stockpiling behaviour of buyers had implications that affected the sales trajectory of the market in the later months.
Market Growth Factors
The Increasing Trend of Pet Humanization
The pet humanization trend positively impacts market growth as more pet owners consider their pets as family members. Due to the higher upkeep costs associated with larger pets, urbanization is leading individuals to opt for smaller pets as they are more suitable for smaller living spaces. Smaller pets tend to receive more pampering and anthropomorphization than their larger counterparts. Many major market players offer a range of premium pet care products made from natural ingredients, ensuring superior quality and safety for pets. Thus, the pet humanization trend is driving the pet skin and coat care products market growth as many manufacturers invest heavily in research and development to create new and innovative products.
Increase In Demand for Animal Spas
The demand for animal services is on the rise, leading to a growing number of individuals pursuing careers in animal spas. Animal spas offer health care services and professional grooming to pets, including maintaining coats and promoting healthy skin. Pet spas utilize high-quality pet skin and coat care products to effectively eliminate odor and germs from animals while simultaneously nourishing their skin and coat. The increasing demand for animal spa services is a significant driver of growth in the pet skin and coat care product market
Market Restraining Factors
A Shortage of Qualified Veterinarians, Particularly in Rural Regions
Remote areas lack the necessary infrastructure and services to meet social goals, such as achieving work-life balance and starting a family. This hinders professional veterinarians from providing their services to these areas. The challenge of staffing in rural areas is due to the need for longer working hours, increased travel time, and higher on-call demands. Poor working conditions can lead to employee stress, burnout, and, ultimately, retention issues. Small and medium-sized livestock enterprises often face financial constraints when it comes to paying for veterinary services. Hence, these factors will result in a decline in the adoption of pet skin and coat care products due to the lack of vets to diagnose and recommend such products to buyers, hindering market growth.
By application, the pet skin and coat care products market is classified into household and commercial. The household segment witnessed the largest revenue share in the pet skin and coat care products market in 2022. This is due to the implementation of detailed labeling and packaging, content marketing, and in-store promotions that has increased pet owner’s awareness of the different types of pet skin and coat care products available. As a result, customers utilize this data to make knowledgeable decisions regarding their pet’s well-being and efficiently utilize these goods at their homes.
Pet Type Outlook
Based on pet type, the pet skin and coat care products market is segmented into dog, cat and others. The cat segment acquired a significant revenue share in the pet skin and coat care products market in 2022. This is because cats commonly experience skin and coat issues such as ticks, fleas, parasites, allergies, and ageing. As a result, skin and coat care products such as shampoos, conditioners, and supplements are in high demand among cat owners. Cat conditioners are essential grooming product that aids in the detangling and softening of a cat's fur.
On the basis of product, the pet skin and coat care products market is divided into spray, shampoo, supplement, conditioner and others. The shampoo segment held the highest revenue share in the pet skin and coat care products market in 2022. This is due to the fact that shampoo is a highly sought-after product among consumers due to its essential nature, adaptability, widespread availability, affordability, user-friendliness, and diverse range of choices. Premium pet shampoos are projected to maintain their strength due to the growing emphasis on pet hygiene and grooming among pet owners.
|Market size value in 2022||USD 4.2 Billion|
|Market size forecast in 2029||USD 7.7 Billion|
|Historical Period||2019 to 2021|
|Forecast Period||2023 to 2029|
|Revenue Growth Rate||CAGR of 9.3% from 2023 to 2029|
|Number of Pages||197|
|Number of Table||360|
|Report coverage||Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling|
|Segments covered||Pet Type, Product, Application, Region|
|Country scope||US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria|
Region-wise, the pet skin and coat care products market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region led the pet skin and coat care products market by generating the maximum revenue share in 2022. The rising number of pet owners in North America has resulted in a notable surge in demand for skin and coat care products for pets in the region. Canines and felines are the top preferred domestic animal options in the area.
Free Valuable Insights: Global Pet Skin And Coat Care Products Market size to reach USD 7.7 Billion by 2029
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Nestlé Purina Petcare Company (Nestle S.A), Virbac, Nutramax Laboratories, Inc., Groomer's Choice Pet Products, SynergyLabs, Health & Happiness (H&H) Group International Holdings Ltd. (Zesty Paws), Petco Animal Supplies, Inc., Logic Product Group LLC, Wahl Clipper Corporation, Earthwhile Endeavors, Inc.
Strategies deployed in Pet Skin And Coat Care Products Market
- Apr-2023: Petco Health along with Wellness Company, Inc. introduced its Clean Grooming initiative, which consists of Clean Grooming services and products. Some products included in this initiative are shampoos, conditioners, and balms, which all now come with phthalates, chemical dyes, and paraben-free badges.
- Nov-2022: Zesty Paws introduced its new All-In-One Functional Dental Bones tartar and plaque. These bones help to support gum, joint, immune, skin, and coat health and also fight tartar and plaque. The all-new All-In-One Functional Dental Bones consist of sweet potato flour, turmeric, cinnamon, and Cargill's Epicor Pets.
- May-2022: Earth while Endeavors, which operates by the name of Earthbath released its new Treatment Balm. This new treatment balm is made up of 30%+ Nilotica shea butter, aloe vera, and coconut oil which helps to nourish dry, itchy, cracked skin on cats, puppies, dogs, and kittens that are 6 weeks old.
- Mar-2022: Petco Health and Wellness Company, Inc signed a partnership with JustFoodForDogs, which manufactures a whole-food diet for dogs. This partnership is aimed to meet the rising demands of pet parents by co-developing a frozen-owned and human-grade fresh brand for Petco's WholeHearted line and providing a custom food program in Petco's pet care centers.
- May-2021: Earth while Endeavors, which operates by the name of Earthbath launched its new Plant-Based Pet Grooming Wipes. These new wipes can be used on dogs, cats, kittens (over 6 weeks), and puppies, they are gluten, cruelty, and dairy-free.
- Jan-2021: Zesty Paws entered into a partnership with CBDistillery to manufacture its new Hemp Elements Plus™ line, which would help to increase the behavior, mobility, and overall health of the pet. This new lineup consists of CBD distributor’s quality hemp extract ingredients.
- Jul-2020: Nestlé Australia expanded its geographic footprint with the announcement of enlarging the boundaries of its food factory in Blayney, Australia. This new area expansion would help in the installation of new tools along with increased production capacity which would further strengthen the company's export.
- Feb-2020: Nutramax Laboratories Veterinary Sciences Inc. launched its new soft chew, which consists of hardy kiwi, beta-glucans, ceramides, gamma-linolenic acid, and omega-3 fatty acids. This new product helps in minimizing the recurrence of skin issues in dogs by fortifying and supporting the skin's natural barrier.
Scope of the Study
Market Segments Covered in the Report:
By Pet Type
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Nestlé Purina Petcare Company (Nestle S.A)
- Nutramax Laboratories, Inc.
- Groomer's Choice Pet Products
- Health & Happiness (H&H) Group International Holdings Ltd. (Zesty Paws)
- Petco Animal Supplies, Inc.
- Logic Product Group LLC
- Wahl Clipper Corporation
- Earthwhile Endeavors, Inc.
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North America Pet Skin And Coat Care Products Market Report 2023-2029
Europe Pet Skin And Coat Care Products Market Report 2023-2029
Asia Pacific Pet Skin And Coat Care Products Market Report 2023-2029
LAMEA Pet Skin And Coat Care Products Market Report 2023-2029
What would be the size of this Market by 2029?
The Market size is projected to reach USD 7.7 Billion by 2029.
What are the key driving factors and challenges in this Market?
Increase In Demand for Animal Spas are driving the Market in coming years, however, A Shortage of Qualified Veterinarians, Particularly in Rural Regions restraints the growth of the Market.
What are the major top companies in the competitive landscape?
Nestlé Purina Petcare Company (Nestle S.A), Virbac, Nutramax Laboratories, Inc., Groomer's Choice Pet Products, SynergyLabs, Health & Happiness (H&H) Group International Holdings Ltd. (Zesty Paws), Petco Animal Supplies, Inc., Logic Product Group LLC, Wahl Clipper Corporation, Earthwhile Endeavors, Inc.
Which segment is leading the Market in 2022?
The Dog market is leading the Market by Pet Type in 2022; thereby, achieving a market value of $4.2 billion by 2029.
Which region dominated the Market in 2022?
The North America market dominated the Market by Region in 2022; thereby, achieving a market value of $3 billion by 2029.