The worldwide market for pet grooming is forecast to grow at a CAGR of 4.47%, according to a report by the market analysis firm, ReportLinker.com. The report covers the forecast period of 2021 to 2028.
The global market is expected to increase based on higher rates of adopting companion animals, higher rates of pet insurance, and willingness and ability to spend more on pets in recent years. During this time, the onset of the pandemic and subsequent lockdowns meant that pet owners were at home and focusing on their pets more than ever. This led to increased amounts of expenditure and veterinarian visits (5% increased total visits and 16% increased wellness visits).
When dividing the market into geographical segments, the North American region has historically garnered the largest share by revenue. The strong segment is based on high rates of adopting or adopted pets.