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Pet Funeral Services Market Trends

Report ID: GMI9568
Published Date: May 2024
Report Format: PDF

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Pet Funeral Services Market Trends

The market is witnessing notable trends that reflect the evolving relationship between pet owners and their animal companions. As pet ownership continues to rise globally, there is a growing demand for specialized services to commemorate the lives of beloved pets. One prominent trend is the humanization of pets, whereby animals are increasingly viewed as integral members of the family. This shift in perspective has led to a greater willingness among pet owners to invest in end-of-life care and memorialization services for their pets.
Additionally, advancements in veterinary services, which was valued at USD 86.8 billion in 2021, and pet care have contributed to longer lifespans for many companion animals, resulting in increased demand for end-of-life support and grief counseling services.
Furthermore, as societal attitudes towards grief and mourning evolve, there is greater acceptance of pet funeral services as a legitimate means of coping with pet loss. These trends are expected to drive continued growth and innovation in the market, with an emphasis on personalized and meaningful tributes to honor the memory of cherished pets.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Pet funeral services industry size was USD 1.7 billion in 2023 and is projected to expand at 10.5% CAGR from 2024 to 2032, due to the increasing trend of pet ownership.

The dog segment in the pet funeral services industry is projected to record USD 2.2 billion by 2032, owing to the increasing prevalence of dogs as household pets.

The cremation segment in the pet funeral services industry reached USD 1.3 billion in revenue in 2023, led by the shift in cultural attitudes towards pet cremation.

U.S. pet funeral services industry is projected to be worth USD 1.1 billion by 2032, driven by the combination of technological advancements, regulatory compliance, patient safety concerns, and operational efficiency needs.