Will the Market for Pet Hygiene Products Decrease?

The pet industry has been on the rise for decades, with owners treating their pets as members of their family. Pet owners are willing to spend a significant amount of money on their pets, including pet hygiene products. However, with the ongoing COVID-19 pandemic, the question arises: will the market for pet hygiene products decrease?

According to a report by Grand View Research, the global pet grooming market size was valued at USD 11.3 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.5% from 2021 to 2028. The report states that the growth is attributed to the increasing demand for pet hygiene products, the rise in pet adoption, and the growing trend of humanization of pets.

In 2020, the pet industry in the United States was valued at $103.6 billion, with the largest segment being pet food and treats, followed by veterinary care and pet supplies and over-the-counter (OTC) medications. The American Pet Products Association (APPA) reported that 67% of U.S. households own a pet, which translates to 84.9 million homes.

Pet Hygiene Products During COVID-19

The COVID-19 pandemic has changed the way we live our lives, including how we care for our pets. With the pandemic leading to more people staying at home, pet adoptions increased, leading to a boost in the pet industry. However, with more people staying at home, pet owners are also spending more time with their pets, leading to a decrease in the need for certain pet hygiene products.

For example, according to a survey by LendEDU, 48% of pet owners reported that they have not taken their pets to the groomer during the pandemic, leading to a decrease in demand for pet grooming services. However, the survey also showed that pet owners were spending more money on pet food, toys, and treats, indicating that the pet industry is still thriving despite the pandemic.

Furthermore, the Centers for Disease Control and Prevention (CDC) has stated that there is no evidence that pets can spread COVID-19 to people, but pet owners are still taking extra precautions to keep their pets and themselves safe. This has led to an increase in demand for certain pet hygiene products, such as pet diapers, pet wipes, hand sanitizers, and cleaning products.

Future of the Pet Hygiene Products Market

The pet industry has proven to be resilient, with pet owners willing to spend money on their pets even during tough economic times. According to the APPA, pet industry spending has only decreased once in the past 25 years, during the 2008-2009 recession.

The ongoing COVID-19 pandemic has led to changes in pet ownership and care, but it is unlikely to lead to a significant decrease in the pet hygiene products market. While pet owners may not be taking their pets to the groomer as often, they are still spending money on pet hygiene products to keep their pets clean and healthy.

Additionally, the trend of humanization of pets is expected to continue, with pet owners treating their pets as members of their family and willing to spend money on their wellbeing. This trend has led to an increase in demand for premium pet products, including high-quality pet hygiene products.

In short, the pet hygiene products market is expected to continue to grow, with pet owners willing to spend money on their pets' hygiene and wellbeing. While the COVID-19 pandemic has led to changes in pet ownership and care, it is unlikely to lead to a significant decrease in the pet hygiene market. Pet owners are still spending money on pet hygiene products, and the trend of humanization of pets is expected to continue, leading to an increase in demand for premium pet products. The pet hygiene products industry has proven to be resilient and has high growth prospects.