Pet Service Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 24.27 Billion |
| Market Size (2029) | USD 31.57 Billion |
| CAGR (2024 - 2029) | 5.40 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Pet Service Market Analysis
The Pet Service Market size is estimated at USD 24.27 billion in 2024, and is expected to reach USD 31.57 billion by 2029, growing at a CAGR of 5.40% during the forecast period (2024-2029).
The recent rise in pet humanization, wherein pets are treated with utmost care and hygiene, is proving to be a major driver for the market and is leading to the development of the pet service industry. Being the largest pet market in North America, the US pet food market's growth is attributed to the increase in pet ownership. According to the 2021-2022 National Pet Owners Survey by the American Pet Products Association (APPA), 70% of US households, or about 90.5 million families, own a pet. Total pet industry expenditures in the United States totaled USD 123.6 billion in 2021. Furthermore, according to the Pet Food Manufacturers’ Association, in 2023, 57% of households in the United Kingdom (nearly 16.2 million) owned 38 million pets. This is an increase from 35 million pets in 2022.
The increasing popularity of pet services among pet owners is expected to positively impact the market and contribute to its growth significantly during the forecast period. Some pet owners, especially affluent ones, are particularly interested in representing their lifestyles by spending money on comfortable and luxurious pet products. This is encouraging many market competitors to launch numerous products in the grooming segment. Pet services include pet sitting, pet grooming, pet traveling, pet training, pet hotels, and customized subscription boxes for the pet. For instance, in November 2022, Wag Labs launched Wag! Neighborhood Network so pet parents can book any pet caregiver directly with a few taps.
The demand for professional pet grooming centers is also leading to the market's growth, as they facilitate healthy skin and fur for the pet and decrease the risk of infection. However, factors such as low income in developing countries and lack of knowledge in pet handling may hamper the market's growth during the forecast period.
Pet Service Market Trends
The Pet Grooming Segment is Dominating the Market
Grooming is a common luxury service animal owners seek for their pets. Many pet owners seek professional grooming services as they do not have time or the ability to groom their pets. This creates an excellent opportunity for experienced/professional pet groomers and companies.
Pet services, like grooming, are growing rapidly in regions like North America and Europe due to the growing pet population. According to the Office for National Statistics (UK), in 2022, consumers spent over USD 12.4 billion on pets and related products in the United Kingdom, almost double the pet expenditure levels ten years prior. Some grooming services offered include washing, grooming, flea and tick treatment, haircuts, nail clipping, ear cleaning, and eye cleaning. However, grooming service companies are expanding their services to massage, reiki, easing anxiety and chronic pain, and other therapies that could be helpful for dogs.
As the demand for grooming services increases, pet companies have begun using the trend. While some offer in-store services, others provide mobile services as well. For instance, PetSmart offers quality, in-store grooming services and self-wash grooming stations. HydroDog and Petdos Online Pvt. Ltd offers mobile grooming services.
Developing countries, such as India, are characterized by a monetarily strong middle class, making the economical pricing segment an important revenue generator. The trend of adopting animals is increasing due to urbanization. A busy lifestyle is another major driving factor for the dog grooming segment. This pet boom has led to the proliferation of pet startups across the country. For instance, CollarFolk helps to locate the right grooming and boarding services for dogs, including a pet-friendly taxi.
North America Dominates the Pet Services Market
Pet parents in North America are spending more on their pets' well-being, appeal, and safety. The United States witnessed dramatic growth in the pet industry in recent years. For instance, as per the report published by the North American Pet Health Insurance Association (NAPHIA), approximately 4.41 million pets were insured in North America at the end of 2021. The pet health insurance marketplace grew by 27.7% over the past year. In addition, as per NAPHIA, total premium volume in the United States amounted to USD 2.6 billion in 2021, a 30.4% annual increase.
In Canada, the total premium volume totaled USD 249.9 million, an increase of 28.1% over the previous year. The boom in pet care spending has resulted in a huge increase in products and services aimed toward affluent pet owners. The rising spending and the overwhelming passion of the millennial age group are fueling the industry. Within the population of dogs and cats, the percentage of pets receiving veterinary medical care during the past 12 months increased more significantly for cats than for dogs in 2021 in Canada.
According to El Economista México, over 42% of Mexican pet owners spend about USD 50 to USD 100 per month on animal products and services. Major players in Mexico include Pet Relocation, Pet Becker, and Rover. These companies dominate the Mexican domestic pet service market by offering various pet services, including dog boarding, cat sitting, dog walking, dog daycare, and pet cab services, through offline and online app-based channels.
Pet Service Industry Overview
The pet service market is highly fragmented, with many domestic and international players operating. Some notable players in the market are Petsfolio, Global Pet Relocation, PetSmart Inc., AirPets Relocation Services Pvt. Ltd, and PetBacker. The major players in the market mainly focus on adopting different strategies, such as new services, partnerships, expanding operations into new areas, and mergers and acquisitions to obtain a stronghold in the market and bring more revenue share to the overall market.
Pet Service Market Leaders
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Petsfolio
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Global Pet Relocation
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PetSmart Inc.
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AirPets Relocation Services Pvt. Ltd
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PetBacker
*Disclaimer: Major Players sorted in no particular order
Pet Service Market News
June 2023: Jolly Pets partnered with PetSmart to expand its services to over 1,500 stores across the United States. PetSmart's extensive retail network, market expertise, and trusted reputation are expected to make Jolly Pets' products easily accessible in the market through this partnership.
February 2022: Petco Health and Wellness Company Inc. partnered with Rover (an online industry marketplace for pet services) to offer Petco customers access to pet boarding, sitting, and dog walking services.
September 2021: We Love Pets expanded its operations by launching three new franchises at the Cambridge, Billericay, and Maidstone branches, expanding its service areas.
Pet Services Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Increasing Trend of Pet Humanization
- 4.2.2 Increasing Concerns Over Pet Allergy and Intolerances
- 4.2.3 Increasing Trend of Pet Health Insurance
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4.3 Market Restraints
- 4.3.1 Rising Cost of Pet Services
- 4.3.2 Regulations Imposed on Pets and Pet Services
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4.4 Industry Attractiveness - Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Pet Type
- 5.1.1 Dog
- 5.1.2 Cat
- 5.1.3 Other Animals
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5.2 Service Type
- 5.2.1 Grooming
- 5.2.2 Pet Transportation
- 5.2.3 Pet Boarding
- 5.2.4 Pet Sitting
- 5.2.5 Pet Walking
- 5.2.6 Other Service Types
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.1.4 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 Germany
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Russia
- 5.3.2.5 Spain
- 5.3.2.6 Italy
- 5.3.2.7 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 India
- 5.3.3.2 China
- 5.3.3.3 Japan
- 5.3.3.4 Australia
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Africa
- 5.3.5.1 South Africa
- 5.3.5.2 Rest of Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 PetBacker
- 6.3.2 Petsfolio
- 6.3.3 AirPets Relocation Services Pvt. Ltd
- 6.3.4 Global Cargo Services (Global Pet Protection)
- 6.3.5 PetSmart Inc.
- 6.3.6 Anvis Inc.
- 6.3.7 Rover
- 6.3.8 Barking Mad
- 6.3.9 We Love Pets
- 6.3.10 My Best Friend Dog Care
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityPet Service Industry Segmentation
Pet service is a component of the pet care market, which includes services exclusively meant for pet care activities, like pet grooming, pet walking, pet sitting, pet transportation, and pet boarding. These are the non-medical services that focus on pets. These services include bathing and grooming, pet sitting or boarding, obedience training, and pet health insurance.
The pet service market is segmented by pet type (dog, cat, and other animals), service type (grooming, pet transportation, pet boarding, pet sitting, pet walking, and other service types), and geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers the market size and forecasts regarding value in USD for all the above segments.
| Pet Type | Dog | |
| Cat | ||
| Other Animals | ||
| Service Type | Grooming | |
| Pet Transportation | ||
| Pet Boarding | ||
| Pet Sitting | ||
| Pet Walking | ||
| Other Service Types | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Russia | ||
| Spain | ||
| Italy | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | India |
| China | ||
| Japan | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Africa | South Africa |
| Rest of Africa |
Pet Services Market Research FAQs
How big is the Pet Service Market?
The Pet Service Market size is expected to reach USD 24.27 billion in 2024 and grow at a CAGR of 5.40% to reach USD 31.57 billion by 2029.
What is the current Pet Service Market size?
In 2024, the Pet Service Market size is expected to reach USD 24.27 billion.
Who are the key players in Pet Service Market?
Petsfolio, Global Pet Relocation, PetSmart Inc., AirPets Relocation Services Pvt. Ltd and PetBacker are the major companies operating in the Pet Service Market.
Which is the fastest growing region in Pet Service Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Pet Service Market?
In 2024, the North America accounts for the largest market share in Pet Service Market.
What years does this Pet Service Market cover, and what was the market size in 2023?
In 2023, the Pet Service Market size was estimated at USD 22.96 billion. The report covers the Pet Service Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Pet Service Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What are the fastest-growing pet service segments?
The fastest-growing pet service segments are a) Growth in pet sitting b) Pet wellness services c) Specialized care for senior pets
What are the fastest-growing pet service segments?
The fastest-growing pet service segments are a) Growth in pet sitting b) Pet wellness services c) Specialized care for senior pets
Pet Services Industry Report
The global pet services market is experiencing significant growth, driven by the increasing adoption of pets and rising expenditure on pet care. North America remains a dominant player, holding a substantial market share due to the widespread presence of pet service providers and strategic initiatives aimed at enhancing market penetration. The pet boarding market analysis reveals robust expansion, which has escalated the demand for pet daycare, sitting, and overnight boarding services.
Additionally, the market is benefiting from a surge in premium and subscription services that boost customer loyalty and revenue growth through cross-selling opportunities. The integration of data science in marketplace operations and the growing adoption of online channels for service delivery are set to further propel market growth. Key segments like pet grooming and training are also expected to see rapid growth, supported by the humanization of pets and an increase in pet ownership across various regions.
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Research companies play a significant role in compiling industry information and industry research, which contribute to the overall industry outlook and industry size. The market data derived from these analyses is invaluable for predicting market growth and market predictions. Industry sales and industry trends further highlight the evolving nature of the pet services market, while report examples and report PDFs provide accessible formats for stakeholders to stay informed.
