Global Pet Grooming Products Market Expected to Reach $21.4 Billion by 2030, Driven by Evolving Consumer Trends and Increasing Humanization of Beloved Pets [Yahoo! Finance]
Spectrum Brands Holdings, Inc. (SPB)
Last spectrum brands holdings, inc. earnings: 4/30 06:30 am
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Source: Yahoo! Finance
A comprehensive assessment of the global pet grooming products market estimates a significant growth from US$13.7 Billion in 2023 to a projected US$21.4 Billion by 2030, growing at a CAGR of 6.6% over the period. Consumer behavioral changes, technological advancements, and an uptick in pet ownership are key factors contributing to this progressive market trend. Consumer Trends and Technological Integration Today's pet owners perceive their pets as integral family members, leading to a higher focus on pet health, hygiene, and well-being. Technological advancements—such as smart grooming tools and mobile apps—are revolutionizing pet grooming services by enhancing efficiency, personalization, and convenience for pet owners globally. These advances support industry growth by aligning with consumer preferences for high-quality, premium services and accommodating increasing demand for flexibility with mobile and home-based grooming options. Market Drivers and Regional Insights Key
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- Spectrum Brands Holdings, Inc. (NYSE: SPB) had its price target raised by analysts at Canaccord Genuity Group Inc. from $91.00 to $94.00. They now have a "hold" rating on the stock.MarketBeat
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SPB
Earnings
- 11/15/24 - Miss
SPB
Analyst Actions
- 11/18/24 - Canaccord Genuity
SPB
Sec Filings
- 11/21/24 - Form 4
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- SPB's page on the SEC website