Pet Skin & Coat Care Products Market Size, Share & Trends Analysis Report By Pet Type (Dog, Cat), By Product (Spray, Shampoo), By Application, By Type, By Region, And Segment Forecasts, 2023 - 2030

Pet Skin & Coat Care Products Market Growth & Trends

The global pet skin & coat care products market size is expected to reach USD 8.76 billion by 2030, expanding at 9.8% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The primary growth drivers are the increasing trend of personalizing pets and rising consumer spending in the household and pet care sectors. As they are easier to care for and humanize than larger animals, smaller animals like cats and dogs are becoming more popular as pets. Therefore, people will pay more to make sure their pets receive the best care.

The pet industry has been growing rapidly recently. The American Pet Products Association estimates that around 85 million households have pets, with pet ownership rising from 56% to 68% over the past 30 years. Some of the changes in pet ownership can be attributed to technology and the rise of online shopping. Due to the effects of COVID-19, many people had to stay at home for an extended time frame, either as a consequence of orders to shelter in place or recommendations to work from home. Pet shelters noticed a rise in adoptions and fostering shortly following this increased time spent at home.

Hempz, Wet Brush, and Waterpik have all released successful pet product crossovers, and other human-centric personal care businesses have also joined the pet grooming industry. As consumers become more accustomed to at-home pet care, merchants and manufacturers are providing simple-to-use, complete product kits that meet a variety of coat care needs. For instance, in November 2021, Faith in Nature introduced a new line of dog shampoos for pampering canines.

Allergic dermatitis, ringworm, alopecia, ticks, and fleas are some common kinds of skin and coat problems that pets like dogs and cats face. Several factors could contribute to an increase in skin and coat problems in pets, including environmental factors like pollution, exposure to allergens, and climate change. As more pet owners become aware of these potential issues and seek out solutions, the demand for pet skin and coat care products is likely to rise. This could include products like shampoos, conditioners, supplements, and topical treatments designed to help improve the health and appearance of a pet's skin and coat.

A 2022 report by American Pet Products Association (APPA) suggests that millennials were the largest category of pet owners. It further reveals that pet ownership rates by Generation Z will increase steadily in the future as they become adults and enter the workforce. Additionally, these two demographics were found to be more inclined towards buying a variety of products for their pets as opposed to the older generations who maintained their pet care attitudes to be stable for years. As the pet skin and coat care industry grows, younger consumers are likely to be at the forefront of driving demand for new and innovative solutions.

Pet Skin & Coat Care Products Market Report Highlights

• The dog segment dominated the pet type category owing to it being the most common pet across the world. High grooming requirements for this pet, due to it being more prone to skin and coat issues, coupled with the mature market state of dog care products are major reasons contributing to the growth of this segment
• The supplement product segment is expected to witness substantial growth over the forecast period from 2023 to 2030. As awareness of the importance of pet nutrition and supplementation continues to grow, the supplements product segment is likely to remain a key driver of growth in the pet skin and coat care industry
• The household segment contributed majorly to the application segment owing to rising pet adoption rates, consumer willingness to spend more on pet care products, and awareness about pet health and wellness. The need for convenient, cost-effective, and sustainable solutions to care for their pets at home will propel this segment in future
• The North American region formed a majority in 2022. The combination of high pet ownership rates, increasing awareness of pet skin and coat care, the availability of premium products, economic stability, and a pet-friendly culture in the region are major factors resulting in the region’s market dominance

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