One of the global sectors with the fastest growth is pet grooming. The growing number of pet owners who are prepared to spend more on the grooming and care of their animals is what drives the market. The industry, which includes everything from pet daycare to grooming services, is growing quickly as more businesses enter the market each year. The value of the pet grooming sector and the data that contribute to its high profitability will be discussed in this article. What is the market value of the pet grooming sector?
Globally, the pet grooming market is estimated to be worth billions of dollars, with the US being one of the biggest markets. IBISWorld’s analysis estimates that the US pet boarding and grooming market earned $8.2 billion in revenue in 2021. By 2026, this amount is projected to increase by 4.4% yearly to reach $10.3 billion. According to the survey, an increasing number of pet owners are willing to spend more money on the grooming and care of their animals, which is what is driving the industry’s growth. In the US, how many dog daycare facilities are there?
With more pet owners choosing daycare services for their pets, the pet daycare sector is also expanding. In the US, there are currently 7,000 dog daycare facilities, according to a survey by IBISWorld. By 2026, this number is projected to increase by 4.5% annually to 8,800. According to the study, the demand for pet daycare services is being driven by the rising number of pet owners who work and the trend toward pet socializing. How significant is the UK pet market? With pet owners reportedly spending billions of pounds a year on their animals, the pet sector is also expanding in the UK. The UK has 51 million pets, according to a survey by the Pet Food Manufacturers’ Association (PFMA). According to the survey, pet owners in the UK spend an estimated £7.6 billion a year on their animals, of which £2.7 billion is spent alone on pet food. The survey also points out that the UK pet business is expanding as more people choose to acquire pets on an annual basis.
In conclusion, the global pet grooming business is estimated to be worth several billion dollars, with the US being one of the biggest markets. The sector is anticipated to keep expanding due to the rising number of pet owners and their willingness to spend more money on the grooming and upkeep of their animals. With more pet owners choosing daycare services for their pets, the pet daycare sector is also expanding. With pet owners reportedly spending billions of pounds a year on their animals, the pet sector is expanding in the UK as well. Overall, the pet sector is a profitable industry with no immediate signs of slowing down.