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Pet Travel Services Market Trends

Report ID: GMI7716
Published Date: Dec 2023
Report Format: PDF

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Pet Travel Services Market Trends

Increase in the adoption of pet travel services is anticipated to foster the market revenue. For instance, according to International Pet and Animal Transportation Association (IPATA), over 4 million pets and live animals are transported by air per year. Similarly, rising number of tourists traveling along with their companion animals is a major factor driving the market. For instance, as per the U.S. Travel Association, in 2018, 37% of pet owners took their pet on trips, compared to 19% in 2008. Thus, with the increasing popularity of travel as a lifestyle choice, a growing number of individuals are looking for destinations and experiences that accommodate pets.

Additionally, the emergence of pet tourism, where travelers specifically seek out destinations and activities that accommodate pets, has created a niche market. This trend has led to increased demand for pet travel services.

However, regulatory compliance issues can pose significant challenges for the market. Airlines have specific policies and regulations regarding the transportation of pets. These may include restrictions on the size and breed of pets, requirements for travel crates, and guidelines for in-cabin or cargo transportation.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The market size of pet travel services reached USD 1.8 billion in 2023 and is set to observe 9.5% CAGR from 2024 to 2032, due to the growing awareness of pet well-being coupled with a rise in disposable income, increasing adoption of pet insurance, and the shift towards pet-centric lifestyle worldwide.

The dogs pet type segment held 59.1% of the market share in 2023, owing to their widespread ownership and popularity.

North America market was over 38.4% of the market share in 2023, attributed to presence of a large pet-owning population in the region.

Airpets International, Air Animal, Inc, Happy Tails Travel, Royal Paws, Blue Collar Pet Transport, CitizenShipper, Starwood Pet Travel, World Care Pet Transport, LLC, Worldwide Animal Travel Ltd., and Aeropets Worldwide are some of the major pet travel services companies.