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From 2023 to 2030, the worldwide market for pet funeral services is projected to expand from its current value of USD 1.8 billion at a lucrative CAGR of 12.27%. The increasing need for pet death care services, as well as the expanding popularity of pet cremation, are major factors propelling the market forward. Additionally, a number of human funeral companies have added services for grieving pet owners. For example, a 2019 article by PULVIS states that about 15% of American funeral homes offer pet services, but only about 12% of UK funeral facilities do. It is expected that the aforementioned percentages have increased substantially this year.
The study examines the global and regional markets for Pet Funeral Services, breaking each down by company profiles, product categories, regional markets served, and more. In addition, the paper details measures that businesses can take to protect themselves from the COVID-19 pandemic. The product's performance can be further optimised through technological innovation and progress, opening up new opportunities in the downstream market. In addition, we can better understand the Pet Funeral Services market by analysing client preferences, market dynamics (drivers, restraints, opportunities), new product releases, the influence of COVID-19, regional disputes, and carbon neutrality.
In 2020, the COVID-19 pandemic had a destructive effect on the veterinary services industry as a whole, including the pet funeral services market. As the number of human fatalities from COVID rose, the government imposed strict regulations, including nationwide lockdowns, the closure of pet service centres, fewer funeral appointments, and a widespread inter-business shift of cremation services to meet rising human funeral demand. However, the economy immediately bounced back the next year as pet adoption and ownership rates surged all around the world. For instance, during the COVID-19 pandemic, approximately 23 million American families adopted a new pet, as reported by the American Society for the Prevention of Cruelty to Animals (ASPCA).
One of our major competitors, CVS Group, projected a drop of 2.2% in pet crematoria revenue growth in 2020, followed by a significant recovery of 11.1% the following year. Furthermore, the United States' Dulaney Valley Memorial Gardens claimed that the demand for their pet death care services has increased dramatically over the years, particularly during the COVID-19 outbreak and the concomitant rise in the adoption rate of pets. Slower economic growth, a worldwide recession, and persistently high inflation rates have all had a minor effect on the market in 2022 and 2023. The effect, however, is expected to improve in the near future.
Pet memorialization and cremation services are among the most rapidly expanding areas of the death care industry in the United States and Canada, according the Cremation Association of North America (CANA). CANA is just one of several groups working to better equip pet funeral homes with the resources they need to satisfy the rising demand for their services. Many years ago, CANA and the IAOPCC worked together to establish universally accepted standards for pet crematoriums around the world. The groups also established the Certified Pet Crematory Operator Programme (CPCO) to guarantee that all owners and workers in the industry have received adequate training for modern crematory procedures. Such public and government agency initiatives are a major driver of market expansion.
In terms of revenue, North America accounted for more than 35% of the global total in 2022. Due to the high population density and associated high demand for pet services, this substantial proportion can be explained. The American Pet Products Association (APPA) reports that pet sector spending in the United States will reach $136.8 billion by 2022, up from $90.5 billion in 2018. The survey also predicts that by 2023's conclusion, total expenditures will amount to a whopping $143.6 billion. These elements account for the bulk of the region's impact.
Report Coverage
Global Pet Funeral Services research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Pet Funeral Services report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Pet Funeral Services competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Pet Funeral Services market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Pet Funeral Services market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Pet Funeral Services market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Veternity; CVS Group; Regency.; Vetspeed Ltd.; Pets in Peace; PRECIOUS PETS CREMATORY.; Constant Companion; Newhaven Funerals; Paws to Heaven Pet Crematory; Pet Cremation Services; Midwest Cremation Service; SARASOTA PET CREMATORY; Okanagan Pet Cremation; Precious Pet Cemetery; Dignity Pet Crematorium; High Peak Pet Funeral Services; Anima Care; Pets At Peace
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Pet Funeral Services market based on the below-mentioned segments:
Global Pet Funeral Services Market, Pet Type
Dogs
Cats
Other Animals
Global Pet Funeral Services market, By Service Type
Burial
Cremation
Global Pet Funeral Services market, Regional Analysis
The study examines the global and regional markets for Pet Funeral Services, breaking each down by company profiles, product categories, regional markets served, and more. In addition, the paper details measures that businesses can take to protect themselves from the COVID-19 pandemic. The product's performance can be further optimised through technological innovation and progress, opening up new opportunities in the downstream market. In addition, we can better understand the Pet Funeral Services market by analysing client preferences, market dynamics (drivers, restraints, opportunities), new product releases, the influence of COVID-19, regional disputes, and carbon neutrality.
In 2020, the COVID-19 pandemic had a destructive effect on the veterinary services industry as a whole, including the pet funeral services market. As the number of human fatalities from COVID rose, the government imposed strict regulations, including nationwide lockdowns, the closure of pet service centres, fewer funeral appointments, and a widespread inter-business shift of cremation services to meet rising human funeral demand. However, the economy immediately bounced back the next year as pet adoption and ownership rates surged all around the world. For instance, during the COVID-19 pandemic, approximately 23 million American families adopted a new pet, as reported by the American Society for the Prevention of Cruelty to Animals (ASPCA).
One of our major competitors, CVS Group, projected a drop of 2.2% in pet crematoria revenue growth in 2020, followed by a significant recovery of 11.1% the following year. Furthermore, the United States' Dulaney Valley Memorial Gardens claimed that the demand for their pet death care services has increased dramatically over the years, particularly during the COVID-19 outbreak and the concomitant rise in the adoption rate of pets. Slower economic growth, a worldwide recession, and persistently high inflation rates have all had a minor effect on the market in 2022 and 2023. The effect, however, is expected to improve in the near future.
Pet memorialization and cremation services are among the most rapidly expanding areas of the death care industry in the United States and Canada, according the Cremation Association of North America (CANA). CANA is just one of several groups working to better equip pet funeral homes with the resources they need to satisfy the rising demand for their services. Many years ago, CANA and the IAOPCC worked together to establish universally accepted standards for pet crematoriums around the world. The groups also established the Certified Pet Crematory Operator Programme (CPCO) to guarantee that all owners and workers in the industry have received adequate training for modern crematory procedures. Such public and government agency initiatives are a major driver of market expansion.
In terms of revenue, North America accounted for more than 35% of the global total in 2022. Due to the high population density and associated high demand for pet services, this substantial proportion can be explained. The American Pet Products Association (APPA) reports that pet sector spending in the United States will reach $136.8 billion by 2022, up from $90.5 billion in 2018. The survey also predicts that by 2023's conclusion, total expenditures will amount to a whopping $143.6 billion. These elements account for the bulk of the region's impact.
Report Coverage
Global Pet Funeral Services research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Pet Funeral Services report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Pet Funeral Services competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Pet Funeral Services market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Veternity; CVS Group; Regency.; Vetspeed Ltd.; Pets in Peace; PRECIOUS PETS CREMATORY.; Constant Companion; Newhaven Funerals; Paws to Heaven Pet Crematory; Pet Cremation Services; Midwest Cremation Service; SARASOTA PET CREMATORY; Okanagan Pet Cremation; Precious Pet Cemetery; Dignity Pet Crematorium; High Peak Pet Funeral Services; Anima Care; Pets At Peace |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Pet Funeral Services Market from 2021 to 2030.
- Market Forecast for Pet Funeral Services Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Pet Funeral Services competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Pet Funeral Services
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Pet Funeral Services market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Pet Funeral Services market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Veternity; CVS Group; Regency.; Vetspeed Ltd.; Pets in Peace; PRECIOUS PETS CREMATORY.; Constant Companion; Newhaven Funerals; Paws to Heaven Pet Crematory; Pet Cremation Services; Midwest Cremation Service; SARASOTA PET CREMATORY; Okanagan Pet Cremation; Precious Pet Cemetery; Dignity Pet Crematorium; High Peak Pet Funeral Services; Anima Care; Pets At Peace
Primary Target Market
- Market Players of Pet Funeral Services
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Pet Funeral Services market based on the below-mentioned segments:
Global Pet Funeral Services Market, Pet Type
Dogs
Cats
Other Animals
Global Pet Funeral Services market, By Service Type
Burial
Cremation
Global Pet Funeral Services market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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