Global Pet Calming Essential Oils Market Size, Share, Opportunities, And Trends By Type Of Essential Oils (Lavender Oil, Chamomile Oil, Bergamot Oil, Frankincense Oil), By Application Type (Diffusers, Topical Application, Sprays And Mists), By Product Form (Oil Blends, Pet Collars, Treats And Chews), And By Geography - Forecasts From 2024 To 2029

The pet-calming essential oils market is anticipated to expand at a high CAGR over the forecast period.

Pets are known to be the closest friends to humans. The most common types of pets include cats, dogs, birds, and fish. A pet can be classified as a domesticated animal that lives in households and is cared for affectionately. Pets are known to be adopted for companionship and entertainment and are not forced to eat or work. In the present day and age, the term pet classifies a wide range of animals, which include dogs, cats, fish, rats, rabbits, birds, goats, cows, sheep, horses, ducks, and tortoises. Some households have a niche variety of pets, such as snakes, turtles, and iguanas. The benefits of owning a pet include reduction of stress, providing companionship, and helping as a relationship developer for households with kids. As the trend for the adoption of pets increases, the demand for pet care products will also be expected to increase. Pet care comes in a wide range of products, which include essential oils, fragrances, clothing, beds, and many others. Pet care products provide health and hygiene management, which includes cleaning the pet’s fur, treatment of illness, and improving the stamina and overall health of the pets.

Introduction:

Pet calming essential oils are products that are made from essential oils such as lavender oil, frankincense oil, peppermint oil, rosemary oil, and many others, which provide relief and reduce problems to the health of the pet. Essential oils are aromatic oils that have a variety of benefits, such as improved healing properties, calming the nerves, promoting health and overall wellness, removing fleas, ticks, and mosquitos from the body, and helping in the reduction of allergic effects. The pet calming essential oils market is expected to witness significant growth during the forecasted period of 2024-2029, due to factors such as increased pet population and increase in pet adoption.

Market Drivers:

• Increase in pet population: One of the major factors that lead to the increase in pet care products such as pet calming essential oils is the increase in the pet population and adoption of pets into households, which give rise to increased demand for pet care products. As per Health for Animals.org, the global population of pets is expected to be an estimated 1 billion as of 2022. It was also found that up to 8 million animals enter rescue shelters in the U.S. every year. More than half of the global human population is estimated to have at least one pet in their household. The increase in the rise of pet adoption is due to factors such as rising income levels and the COVID-19 pandemic. As the need for mental stability and happiness increased during the COVID-19 pandemic, the adoption of pets was considered a good solution, since pets have been shown to provide increased dopamine and reduced feelings of being alone. As the global population of pets is expected to increase due to growing trends, the demand for pet care products will also be expected to display an increase, driving the pet calming essential oils market growth during the forecasted period.

Key Players:

• d?TERRA: A company that is known for its sourcing, manufacturing, testing, and distribution of pure essential oils and natural wellness products to over 9 million customers and wellness advocates worldwide.
• Young Living Essential Oils: A company that is known for the production of the best and most authentic essential oils around the world. They are committed to providing products forever family and lifestyle using the life-changing benefits of their essential oils

Regional Analysis:

The North American region is expected to witness significant growth in the pet-calming essential oils market during the forecasted period of 2024-2029, due to factors such as the increase in pet ownership in the region. The United States is known to be the leader in this region due to the increasing number of household pets. As per Health for Animals.org, the population of cats and dogs as pets amounted to 65 million and 85 million, respectively, in 2022. The number of animal adoptions has also shown an increase after the pandemic period, with 70% of US households owning a pet in 2021 compared to 68% in 2016. It was also found that regions including the U.S., EU, and China have over half a billion dogs and cats. Also, as per the World Animal Foundation, across the US, 6.3 million pets are surrendered to shelters every year, which is 17.260 animals per day. Among them, 3.5 and 4.1 million dogs and cats have been adopted on an annual basis in the United States. As the population of pets increase, the demand for pet care products will also increase. This will provide the necessary boost to the pet-calming essential oils market growth during the forecasted period.

Market Developments:

• September 2023: d?TERRA announced the release of several new essential oils and essential blend products that provide several benefits such as improved sleep and gut health, and ensure their goal of producing high-quality products and sustainably sourced essential oils. The product line includes several essential oils such as Birch 5 mL, Blue Lotus Touch 10 mL, Shinrin-Yoku™ 15 mL and Shinrin-Yoku Touch 10 mL; products named d?TERRA SuperMint™ Toothpaste, d?TERRA Serenity® Stick + Valerian, and d?TERRA Serenity Restful Complex Softgels; and two supplement products named PB Assist+® ProBiome Gut Complex, and d?TERRA PB Restore™ ProBiome Complex Softgels.

Segmentation:

• By Type of Essential Oils:
  • Lavender Oil
  • Chamomile Oil
  • Bergamot Oil
  • Frankincense Oil
• By Application Type:
  • Diffusers
  • Topical Application
  • Sprays and Mists
• By Product Form:
  • Oil Blends
  • Pet Collars
  • Treats and Chews
• By Geography:
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Others