Pet Skin And Coat Care Products Market Report
Pet Skin and Coat Care Products Market by Pet Type (Dog, Cat, and Others), Product (Spray, Supplements, Shampoo, Conditioner, and Others), Application (Household, and Commercial), Type (Prescription, and Over-the-Counter (OTC)), and Region (North America, Europe, Asia-Pacific, and LAMEA): Opportunity Analysis and Industry Forecast, 2023-2032
Pet Skin and Coat Care Products Overview
As pets are viewed as family members, many individuals have recently invested heavily in pet care products such accessories, pet health, pet fashion, etc. This is significantly higher among millennials in both developed and developing nations worldwide. Along with this, the growth of middle-class households and an increase in disposable money have improved pet owners' willingness to invest in high-quality pet supplies. As a result, one of the factors boosting the market expansion for pet care goods is the growing interest in pet humanization along with a rise in demand for premiumization in pet care products.
Global Pet Skin and Coat Care Products Market Analysis
The global pet skin and coat care products market size was $4.2 billion in 2022 and is predicted to grow with a CAGR of 9.9%, by generating a revenue of $10.7 billion by 2032.
COVID-19 Impact on Global Pet Skin and Coat Care Products Market
People who wanted company during lockdowns and stay-at-home restrictions adopted dogs. Online purchases significantly increased as a result of lockdowns and social isolation tactics. Online sales increased as a result of pet owners using e-commerce sites to buy skin and coat care goods for their animals.
The need for veterinary advice in pet care has been made more apparent by the pandemic. Pet owners rely on expert guidance to select the best skin and coat care products, and thus veterinary recommendations and endorsements carry a lot of weight in the market. Veterinarians and manufacturers are likely to work together to create and market products.
Rising Awareness of Pet Health to Drive the Market Growth
The market for pet skin and coat care products is significantly fueled by the increasing number of pet owners around the world. The demand for goods that support maintaining the health of pets' skin and coats rises as more individuals bring animals into their homes. Pet owners are becoming more and more conscious of the significance of giving their animals the correct grooming and care. They are aware that their pets' general wellbeing is influenced by having healthy skin and fur. The desire for high-end pet skin and coat care products is driven by this trend.
Lack of Awareness and Education to Restrain Market Growth
Despite increased awareness of pet health and grooming, some pet owners may still be unaware of the significance of routine skin and coat care. Lack of knowledge and education can impede market expansion since pet owners might not prioritise grooming procedures or recognise the need for specialised goods. Pet owners' price sensitivity can be a market restraint, especially when it comes to high-end or niche goods. Some pet owners choose generic or less expensive grooming products, which could not provide the same quality or focused benefits as more expensive solutions. The pet care sector, which includes skin and coat care, is not immune to goods that are fake or of poor quality.
Growing Focus on Pet Well-being to Drive Excellent Opportunities
Worldwide, the prevalence of pet ownership is rising due to factors including companionship, emotional support, and health advantages. This expanding pet ownership trend expands the potential customer base for pet skin and coat care products, creating significant market expansion opportunities. The entire health of pets, particularly the condition of their skin and coat, is becoming a higher priority for pet owners. The creation and marketing of specialised solutions that target certain skin and coat issues, such as dryness, allergies, or excessive shedding, are made possible by this emphasis on preventive care and maintenance.
Global Pet Skin and Coat Care Products Market Share, by Pet Type, 2022
The dog sub-segment accounted for the highest share in 2022. Dogs are energetic pets who enjoy being outside and getting physical activity. This could expose their skin and coat to contaminants, allergies, and other potential irritants in the environment. After outdoor activities, pet owners look for products that will efficiently wash, preserve, and maintain the health of their dogs' skin and coat. Products that cater to the unique needs of various breeds, such as curly coats, double coats, or short hair, can be created by manufacturers.
Global Pet Skin and Coat Care Products Market Share, by Product, 2022
The shampoo sector accounted for the highest market size in 2022. Shampoos are necessary for preserving the cleanliness and hygiene of a pet's skin and coat. Regular bathing keeps pets clean and odor-free by removing dirt, debris, and waste. Pet owners look for shampoos that thoroughly clean their animals' skin and coats, ensuring a fresh appearance. Shampoos are essential for preserving the overall well-being of the skin and coat of pets. They can aid in treating many skin issues, such as dryness, itching, flakiness, and others.
Global Pet Skin and Coat Care Products Market Share, by Application, 2022
The household sector accounted for the highest market size in 2022. The demand for pet skin and coat care products is mostly driven by the presence of pets in homes. The demand for goods that preserve the health of pets' skin and coat rises as more families have pets. Whether they have dogs, cats, or other companion animals, pet owners want to give them the best care possible within their homes.
Global Pet Skin and Coat Care Products Market Share, by Type, 2022
The Over-the-Counter (OTC) sub-segment accounted for the highest share in 2022. Pets with minor or common skin and coat concerns can benefit from OTC products. Small irritants, dandruff, dryness, mild allergies, or excessive shedding are a few examples of these. Pet owners frequently try over-the-counter (OTC) solutions before seeing a veterinarian or employing prescription-strength pharmaceuticals when faced with these issues.
Global Pet Skin and Coat Care Products Market Share, by Region, 2022
The Asia-Pacific region accounted for the highest share of the global market in 2022. Pet ownership has significantly increased throughout the Asia-Pacific region particularly in nations like China, Japan, India, and Australia. Growing urbanisation, changing lifestyles, and greater disposable income have all contributed to an increase in the number of pet owners in the area. The need for pet skin and coat care products is boosted by the rise in pet ownership.
Competitive Scenario in the Global Pet Skin and Coat Care Products Market
Product development and geographic expansion are major strategies in the highly competitive global pet skin and coat care products market. For instance, Idexx announced the availability of the IDEXX SARS-CoV-2 (COVID-19) Real PCR Test for dogs in April 2020. The product's introduction has improved the company's standing throughout the world.
Some of the leading pet skin and coat care products market players are Nestlé Purina Petcare, Groomer's Choice, Virbac, SynergyLabs, Earthwhile Endeavors, Inc., Zesty Paws, Nutramax Laboratories, Inc., Petco Animal Supplies, Inc., Logic Product Group LLC, and Wahl Clipper Corporation.
Historical Market Estimations
Base Year for Market Estimation
Forecast Timeline for Market Projection
North America, Europe, Asia-Pacific, and LAMEA
Segmentation by Pet type
Segmentation by Product
Segmentation by Application
Segmentation by Type
Key Companies Profiled
Q1. What is the size of the pet skin and coat care products market?
A. The size of the pet skin and coat care products market was over $4.2 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 9.9% during the forecast period.
Q2. Which are the major companies in the pet skin and coat care products market?
A. Virbac and Zesty Paws are some of the key players in the global pet skin and coat care products market.
Q3. Which region, among others, possesses greater investment opportunities in the near future?
A. The Asia-Pacific region possesses great investment opportunities for investors to witness the most promising growth in the future.
Q4. What are the strategies opted by the leading players in this market?
A. Product development and geographic expansion are the two key strategies opted by the operating companies in this market.
Q5. Which companies are investing more on R&D practices?
A. Virbac and Zesty Paws are the companies investing more on R&D activities for developing new products and technologies.