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Pharmacy benefit management market
PET MEDICATED SHAMPOO MARKET REPORT OVERVIEW
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The global pet medicated shampoo market size was USD 525.2 million in 2023 and the market is projected to touch USD 703.49 million by 2032 at a CAGR of 3.3% during the forecast period.
Pet Medicated Shampoo is a special shampoo formula for pets, especially dogs and cats, for the treatment of various skin and coat diseases such as allergies, infections, dryness and fleas. These shampoos usually contain active ingredients such as antifungal, antimicrobial, medicated oils and soothing agents that target specific problems and provide relief to pets.
Market growth is fueled by a wide variety of medicated shampoo options specially designed to treat various skin conditions in pets. Manufacturers are focusing on developing innovative products with improved formulations and natural ingredients to cater to the various health needs of pets, thus fueling market growth.
COVID-19 Impact: Market Growth Boosted by Pandemic due to Rise in Demands
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
The COVID-19 pandemic has also had a positive impact on the pet care market, including the demand for medicated pet shampoos. As people spend more time at home and seek companionship through pet adoption, the market is in demand.
LATEST TRENDS
"Growing Demand For Natural And Organic Pet Shampoos Will Drive Market Growth"
Several trends are emerging in the global pet medicated shampoo market. One of the main trends is the growing demand for natural and organic pet shampoos, which is due to the growing awareness of consumers about the harmful effects of chemicals and the preference for environmentally friendly products. In addition, pet adoption has increased, increasing the demand for pet care products, including medicated shampoos. The market is also seeing an increase in product innovation, such as new formulations targeting specific skin and coat types. In addition, manufacturers are focusing on expanding their product range to serve a variety of pets, including pets with sensitive or allergic skin.
PET MEDICATED SHAMPOO MARKET SEGMENTATION
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- By Type
Based on type the global market can be categorized into Medicated Dog Shampoo, Medicated Cat Shampoo, Other.
One category is medicated shampoo designed to treat specific skin problems or common dog issues such as allergies, dryness or fleas.
Similarly, there is a medicated cat shampoo that aims to provide relief for certain feline skin problems, such as eczema or excessive skin irritation.
In addition to these two main categories, this market also includes medicated shampoos for other animals such as horses, rabbits or donkeys to meet their unique needs and health concerns.
- By Application
Based on application the global market can be categorized into Supermarkets/Hypermarkets, Convenience Stores, Independent Retailers, Online Sales, Others.
Supermarkets and hypermarkets offer a wide range of options to customers looking for these products.
Convenience stores offer a quick and easy-to-access option for pets who need medicated shampoos.
Independent retailers also play a key role in the distribution of these products through personal service.
Online sales have grown significantly, allowing customers to purchase pet shampoos from the comfort of their own homes.
Additionally, there may be other specialty stores that cater specifically to the pet market and offer these shampoos along with other pet care products.
DRIVING FACTORS
"Increasing Spending In Hair Growth Will Foster Market Growth"
The medicated pet shampoo market is growing significantly and this trend is expected to continue in the coming years. Growing awareness among pet owners about the health and well-being of their pets is increasing the demand for these shampoos. Factors such as prevalence of skin diseases in pets, increase in pet population, increase in humanization of pets are also influencing the pet medicated shampoo market growth. Growing awareness of hair care products through social media, magazines, and television commercials is encouraging consumers to buy a variety of hair products, especially anti-dandruff and medicated shampoos. In developed countries such as the United States and the United Kingdom, spending on hair care products is increasing by 6 to 8 percent. For example, according to the Bureau of Labor Statistics, between 2012 and 2017, annual average spending per consumer on hair care products. In 2017, an American consumer spent about $89.95 on hair care products, which included hair products.
"High Demand For Shampoos Will Boost Market Growth"
Growth in demand for specialty products and rise in hair-related conditions such as dandruff, hair loss, itchiness, dry hair and oily hair will lead to unprecedented demand for shampoo services during the forecast period. time period Consumer awareness of a healthy scalp as the key to shiny, lustrous hair is growing, driving consumer interest in scalp care products, which is driving demand for scalp care products among consumers looking to restore healthy hair by increasing its strength and elasticity. Due to the growing popularity of treatments and masks that protect and nourish the hair, the hair shampoo market is the largest. The use of hair shampoo is significantly more common among women in their 20s and 30s, due to a strong emphasis on self-care, which is one of the current trends.
RESTRAINING FACTORS
"Adverse Effects of Shampoo May Hinder Market Growth"
Several chemicals in shampoos can cause skin and eye irritation and hair damage, which reduces the demand for hair shampoo and hinders market growth. This factor creates obstacles to the growth of the shampoo market. High cost of shampoos is believed to be restraining the growth of the pet shampoo market. Pet shampoo can cause allergies to pets, which is expected to restrict the market growth.
PET MEDICATED SHAMPOO MARKET REGIONAL INSIGHTS
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"North America Dominating the Market due to Increase In The Number Of Domestic Animals"
The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.
North America is expected to lead the pet medicated shampoo market share as the region is witnessing an increase in the number of domestic animals and the US also has the largest pet population in the world, which is also driving regional growth. North America accounted for the largest share of the pet medicated shampoo market at around 40 percent and is expected to dominate the regional market during the forecast period. The adoption rate of animals among millennials and purchasing power is expected to influence regional market growth. The European market will follow the North American region in terms of revenue during the forecast period.
KEY INDUSTRY PLAYERS
"Key Industry Players Shaping the Market through Innovation and Market Expansion"
The pet medicated shampoo market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.
List of Market Players Profiled
- Earthbath (U.S.)
- PetMD (U.S.)
- Adams (U.S.)
- SynergyLabs (U.S.)
- Vet’s Best (U.S.)
- Davis (U.K.)
- Paws & Pals (U.S.)
- Dechra DermaBenSs (U.S.)
INDUSTRIAL DEVELOPMENT
March 2021: Dabur India has introduced a more expensive version of its Vatika shampoo to cater to the needs of urban consumers. Other new products include apple cider vinegar, Moroccan argan oil, red onion black seed oil and coconut milk extract.
REPORT COVERAGE
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 525.2 Million in 2023 |
Market Size Value By |
US$ 703.49 Million by 2032 |
Growth Rate |
CAGR of 3.3% from 2023 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Type
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By Application
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Frequently Asked Questions
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What value is the pet medicated shampoo market expected to touch by 2032?
The global pet medicated shampoo market is expected to reach USD 703.49 million by 2032.
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What CAGR is the pet medicated shampoo market expected to exhibit by 2032?
The pet medicated shampoo market is expected to exhibit a CAGR of 3.3% by 2032.
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Which are the driving factors of the pet medicated shampoo market?
Increasing spending in hair growth and high demand for shampoos will boost market growth are some of the driving factors of the market.
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What are the key pet medicated shampoo market segments?
The key market segmentation that you should be aware of, which include, Based on type the pet medicated shampoo market is classified as Medicated Dog Shampoo, Medicated Cat Shampoo, Other. Based on application the pet medicated shampoo market is classified as Supermarkets/Hypermarkets, Convenience Stores, Independent Retailers, Online Sales, Others.