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Pet Cosmetics Market Size
Pet Cosmetics Market was valued at around USD 1.99 billion in 2023 and is anticipated to register a CAGR of 5.7% between 2024 and 2032. Driven by several reasons such as rising awareness of pet groomers and individual pet owners about pet appearance is creating lucrative opportunities for market. The pet cosmetics industry provides a diverse range of solutions to keep pets healthy and looking as good as possible, including hypoallergenic shampoos and conditioners, dental care products, and grooming accessories. This rise in spending is pushed further by the growing trend of pet humanization, in which owners see their pets as members of the family and are prepared to spend an extensive amount of money on their care and pampering.
Additionally rising consumer spending on pet care products boosting the global pet cosmetics market growth. According to the Bureau of Labor Statistics, the average U.S. household spends around $770 per year on their pets. In 2022 specifically, American households spent USD 136.8 billion, which was an 11% increase over 2021 (USD 123.6 billion). According to data from the European Federation, 46% of households in Europe have a pet in 2022.
Regulatory standards in the cosmetics industry refer to the legal requirements and guidelines that govern the manufacturing, labelling, safety, and quality of cosmetic products. These standards are put in place to protect pet health and safety, ensure product quality, and provide transparency to pet groomers and pet owners. Regulatory standards in the cosmetics industry can vary significantly across countries due to differences in laws, regulations, and cultural preferences.
What is the size of the North America pet cosmetics market?
North America industry recorded USD 758 million in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the increasing humanization of pets and the growing awareness of pet well-being and rising consumer spending on pet grooming in the region.
Why is the use of pet shampoo & conditioner growing?
Pet cosmetics industry from the shampoo & conditioner segment reached USD 704 million in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to Organic and natural pet shampoos being typically free from harsh chemicals, synthetic fragrances, and artificial colors.
How big the pet cosmetics market?
Market size for pet cosmetics was USD 1.99 billion in 2023 and is expected to register 5.7% CAGR from 2024-2032 owing to rising awareness of pet groomers and individual pet owners about pet appearance worldwide.
Who are the key leaders in the pet cosmetics industry?
Floof, General Nutrition Centers Inc., Himalaya drug company, Innovacyn Inc., Natural Pet Innovations, OM Botanical, Pet Releaf, Petco Animal Supplies, Inc., Petkin Inc., Spectrum Brands Inc., Super Soaper, and Wildwash, are some of the major pet cosmetics companies worldwide.