Specialty Stores Segment to Dominate Asia-Pacific Pet Grooming Products Market during 2019–2028
According to The Insight Partners market research study on “Asia-Pacific Pet Grooming Products Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Pet Type, Product Type, and Distribution Channel” is expected to reach US$ 5,053.50 million by 2028 from US$ 2,685.17 million in 2021. The market is estimated to grow at a CAGR of 9.5% from 2021 to 2028. Growing demand for organic and eco-friendly pet products is the major factor driving the growth of the Asia-Pacific pet grooming products market. However, lack of awareness related to pet grooming products may hinder the growth of Asia-Pacific pet grooming products market. The report provides trends prevailing in the Asia-Pacific pet grooming products market along with the drivers and restraints pertaining to the market growth.
The ongoing COVID-19 pandemic is anticipated to cause considerable disturbances in the growth of various industries of Asia-Pacific. The shutdown of manufacturing units and disruptions in the supply chain & logistics adversely affected the pet grooming products market. However, the uncertainty regarding future outbreaks, especially in Asian countries, such as India, has altered the status of several industrial sectors. Many consumers in Asia-Pacific adopted a pet during the pandemic to avoid boredom, which led to an increased pet adoption rate in the region. Also, the increased usage of e-commerce sites for pet grooming products is driving the pet grooming products market.
The Asia-Pacific pet grooming products market segmented by product type, pet type, distribution channel, and country. Based on pet type, the Asia-Pacific pet grooming products market is segmented into dogs, cats, and others. In 2020, the dogs segment accounted for the largest market share. Based on product type, the Asia-Pacific pet grooming products market is segmented into shampoos and conditioner, shear and trimming tools, combs and brushes, and others. In 2020, the shampoos and conditioner segment accounted for the largest market share. Based on distribution channel, the Asia-Pacific pet grooming products market is segmented into supermarkets and hypermarkets, online retail, specialty stores, and others. In 2020, the specialty stores segment accounted for the largest revenue share. Similarly, based on country, the market is segmented into China, Japan, India, South Korea, Australia, and the rest of Asia-Pacific . China contributed a substantial share in 2020.
Ancol Pet Products Limited, Beaphar, Nexderma, and Wahl Clipper are among the leading companies in the Asia-Pacific pet grooming products market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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