FACT.MR
Growing Number Of Animals And Concerns Regarding Their Care Are The Prime Reasons Contributing To The Growth Of Livestock Shampoo Manufacturers
Rockville, Jan. 11, 2023 (GLOBE NEWSWIRE) — Based on Fact.MR’s latest released report on livestock shampoo, the global market is anticipated to be worth US$ 453.5 million in 2023 and expand at a CAGR of 4.7% from 2023 to 2033.
For maintaining the health and hygiene of livestock, shampoos are one of the most utilized products. It also keeps them away from various types of skin diseases and infections. Owners and authorities are also spending more on such products due to their several benefits. Also, the use of organic materials in shampoos is bound to increase product penetration over the coming years.
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Key Takeaways from Market Study
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By product type, anti-bacterial shampoos accounts for the largest market share of 24.5%.
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By sales channel, online sales are most preferred for livestock shampoo and are projected to increase at a CAGR of 5.1% through 2033.
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Europe is a leading regional market with a share of 27.3% in 2022.
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North America accounted for the second-largest market share of 25.1%.
How Rising Number of Animal Spas across Regions Contributes in Livestock Shampoo Market Growth?
The demand for animal services is expanding quickly on a global scale. One of the main areas of animal services where people are starting businesses as a profession is animal spas. Due to growing health and cleanliness concerns, livestock owners are frequently using the services of animal spas to maintain the health and fitness of their animals. The market for animal shampoo will be significantly impacted by the rising acceptance and utilisation of pet spa services, particularly in developed countries.
These medicated shampoos have an immediate mechanical effect on parasites. Many advanced technologies have hit the market, such as waterless technology in shampoos, which is likely to complement market growth over the decade.
Demand for livestock shampoo products is set reach a market valuation of US$ 714.5 million by the end of 2033.
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Market Improvements and Expansion
Key suppliers of livestock shampoo are Santa Cruz Animal Health, Innovacyn, Inc., MSD Animal Health, PBS Animal Health, Weaver Leather, LLC, Sheepman Supply Co., Espree, Straight Arrow Products, Sullivan Supply Inc, and Wahl Clipper Corporation.
Key Companies Profiled
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