Pet services market size worth $50.1 billion by 2030 at a CAGR of 9.1%: Grand View Research, Inc.

SAN FRANCISCO, May 11, 2022 /PRNewswire/ — The Global Pet Services Market Size is Expected to Reach $50.1 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 9.1% from 2022 to 2030. Key factors driving the market include a growing number of pet owners pets and pet expenses. According to the FEDIAF 2020 report, 33% or 88 million European households own a pet. This number is expected to increase due to declining human birth rates in key markets, increasing disposable income and the humanization of pets.

Main information and conclusions of the report:

  • Rising number of pet owners and increasing spending on pets are the major factors contributing to the growth of the market.
  • Companion dog segment led the market in 2021 owing to increase in pet ownership, spending on pets, humanization of pets and premiumization of products and pet services. Other factors include an increase in the number of nuclear households, declining birth rates in key markets and the growing adoption of pet insurance.
  • The pet boarding service type segment held the largest revenue share in 2021. The pet grooming segment is expected to register the highest CAGR during the forecast period. The key factor expected to drive the segment includes the post-COVID return-to-work trend that is driving pet parents to opt for pet sitting, daycare, and overnight boarding services.
  • The commercial facility delivery channel segment held the largest revenue share of over 55.0% in 2021. The huge number of commercial facilities providing pet care, the wide range of service portfolios and the The use of omnichannel sales and marketing tactics are the main reasons for this. important part.

Read the 130-page market research report, “Analysis Report of Pet Services Market Size, Share and Trends by Pet Type (Dogs, Cats), by Type Services (Pet Boarding, Pet Grooming), by Delivery Channel, by Region and Segment Forecast, 2022 – 2030″, published by Grand View Research.

Pet Services Market Growth and Trends

Pet services business decreased due to the COVID-19 outbreak, especially in 2020. This negative impact is mainly due to the closure of pet services and their restricted access due to standards. social distancing and lockdowns. Early in the outbreak, major players saw a significant drop in appointments and payment volume according to PocketSuite, a mobile business management app for pet service providers.

However, the market has gradually recovered in 2021. For example, according to data published by the American Pet Products Association (APPA), pet owners in the United States spent approximately $9.5 billion on services such as boarding, grooming, insurance, training, pet sitting and pet walking in 2020, up 3.9% from 2019. People remained in high gone home and took good care of their pets due to recurring closures. This has boosted the demand for pet services and products resulting in significant market growth.

Additionally, the demand for pet grooming among pet owners will have a favorable impact on the market and contribute significantly to its growth throughout the forecast period. Pet owners, especially the wealthy, place great importance on displaying their lifestyle by purchasing comfortable and luxurious items for their pets. Many market competitors are responding by launching a slew of new grooming products and accessories. Pet sitting, grooming, travel, training, pet hotels, and personalized pet subscription boxes are some of the pet services available.

Segmentation of the pet services market

Grand View Research has segmented the global pet services market on the basis of pet type, service type, delivery channel and region:

Pet Services Market – Pet Type Outlook (Revenue, USD Million, 2017 – 2030)

  • Dogs
    • small breeds
    • medium breeds
    • large breeds
  • Cats
  • Others (Exotics, Small mammals, Birds, etc.)

Pet Services Market – Service Type Outlook (Revenue, USD Million, 2017-2030)

  • boarding for pets
  • Animal training
  • Pet grooming
  • Transport of animals
  • pet walk
  • Others (animal research, portrait and photography, poop collection, etc.)

Pet Services Market – Delivery Channel Outlook (Revenue, USD Million, 2017 – 2030)

  • Commercial facilities
  • Mobile/ outdoor
  • Others (at home, online, etc.)

Pet Services Market – Regional Outlook (Revenue, USD Million, 2017 – 2030)

  • North America
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
  • Latin America
  • AEM
    • South Africa
    • Saudi Arabia
    • Israel

List of Pet Services Market Key Players

  • A place for Rover, Inc.
  • Pets at Home, Inc.
  • WagLabs, Inc.
  • Highland Dog Training, LLC
  • Dogtopia Companies
  • SPA Dog Dog
  • American Pet Resort, LLC
  • pawz and company
  • AirPets International
  • Paradise 4 Paws LLC

Check out other related studies published by Grand View Research:

  • Pet Meal Kit Delivery Services Market The global pet meal kit delivery services market size is expected to reach $5.20 billion by 2028, registering a CAGR of 15.3% over the forecast period, according to a new report from Grand View Research, Inc. Growing awareness among pet owners of the adverse effects of nutritional deficiencies in pets company, coupled with their increasing spending on pet food, is expected to drive the market demand across the globe during the forecast period.
  • pet furniture market The Global Pet Furniture Market Size is Expected to Reach $3.0 billion by 2025, according to a new report from Grand View Research, Inc., recording a CAGR of 5.2% over the forecast period. Rising spending on pets, along with the rapid expansion of multi-utility furniture product forms, is expected to remain the main driving factor.
  • Companion Animal Obesity Management Market The Global Companion Animal Obesity Management Market Size is Expected to Reach $1.04 billion by 2026, registering a CAGR of 6.8%, according to a new report by Grand View Research, Inc. Rising cases of pet obesity are expected to drive the market over the forecast period.

Browse research reports on the animal health industry from Grand View Research.

About Grand View Research

Grand View Research, a US-based market research and consulting firm, provides syndicated and custom research reports and consulting services. Checked in California and whose head office is at San Francisco, the company has more than 425 analysts and consultants, adding more than 1,200 market research reports to its extensive database each year. These reports offer in-depth analysis of 46 industries in 25 major countries around the world. Using an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and assess upcoming opportunities.

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Marie R. McCraw