Pet Odor Control & Clean-Up Products Market Size, Share, Growth, Trends and Industry Analysis Report

The global pet odor control & clean-up products market size is expected to reach USD 8.60 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 2.94% during the forecast period. The growing spending on the pet care products along with efforts to maintain healthy and clean surroundings for pets is projected to drive the growth.

As per the 2017-2018 Pet Ownership and Demographics Sourcebook of the American Veterinary Medical Association (AMVA), about 57% of all U.S. households owned a pet by the end of 2016. Rising product innovation and consumer willingness to spend more on these products is anticipated to bode well for the regional demand for pet odor control and clean-up products. High spending capacity of pet owners is expected to drive the demand for pet products and services.

Asia Pacific is anticipated to witness the fastest growth over the forecast period owing to the increasing consumer spending on pet care and pet health services. The region is anticipated to register significant demand for natural and organic pet care products. The rise in purchasing power of consumers in countries such as India and China has resulted in increased sales of innovative products, such as automatic litter boxes with Bluetooth connectivity.

Litter box product segment held the largest market share of about 61.53% in 2018. High demand for automatic products is anticipated to drive the growth of the segment. Market players engage in business activities such as geographical expansion, product launch, and mergers and acquisitions to acquire greater market share. For instance, in March 2018, Skout’s Honor pet specialty brand launched a new line of Probiotic Skin Care Products for pets.

Key manufacturers operating in the pet odor control and clean-up products market are Skouts Honor Pet Supply Co., Sunny & Honey, Guangzhou Babyhouse Pet Supplies Co., Ltd, Charmypet Co., Ltd., SzeKai Co., Ltd, Double Pets International Co., Ltd., and Shanghai Mimon Pet Ltd.

Further key findings from the report suggest:

• Litter box product segment held the largest market share of over 60% in 2018 and is anticipated to continue leading over the forecast period
  
  
• Offline segment led the global pet odor control and clean-up products market with an overall share of 79.58% in 2018
  
  
• North America held the largest market share of 51.21% in 2018 and is anticipated to continue leading in the forthcoming years

Access full research report on global pet odor control & clean-up products market: 

www.grandviewresearch.com/industry-analysis/pet-odor-control-clean-up-products-market

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Created on Nov 13th 2019 04:08. Viewed 359 times.

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