Market Size of Pet Service Industry
| 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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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 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 | |||||||||
| |||||||||
| |||||||||
| |||||||||
| |||||||||
|
Pet Service Market Size Summary
The pet services industry is experiencing significant growth, driven by the trend of pet humanization, where pets are treated with high levels of care and hygiene. This trend is particularly prominent in North America, where the United States holds the largest pet market, fueled by increasing pet ownership. The market encompasses a wide range of services, including pet grooming, sitting, training, and travel, with a growing demand for professional grooming centers that promote pet health. The rise in affluent pet owners seeking luxurious and comfortable products is encouraging market competitors to innovate and expand their offerings. Despite challenges in developing regions due to economic factors and limited knowledge in pet handling, the overall market is poised for substantial growth.
The pet services market is characterized by its fragmentation, with numerous domestic and international players vying for market share. Companies like Petsfolio, Global Pet Relocation, and PetSmart Inc. are leading the charge by adopting strategies such as partnerships, service expansions, and mergers to strengthen their market presence. The increasing expenditure on pet care, particularly in North America and Europe, is a testament to the industry's growth potential. In regions like India, urbanization and a burgeoning middle class are driving the demand for economical pet services. The market's expansion is further supported by collaborations and strategic partnerships, such as those between Petco Health and Wellness Company Inc. and Rover, which enhance service accessibility and cater to the evolving needs of pet owners.
Pet Service Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.2.1 Increasing Trend of Pet Humanization
-
1.2.2 Increasing Concerns Over Pet Allergy and Intolerances
-
1.2.3 Increasing Trend of Pet Health Insurance
-
-
1.3 Market Restraints
-
1.3.1 Rising Cost of Pet Services
-
1.3.2 Regulations Imposed on Pets and Pet Services
-
-
1.4 Industry Attractiveness - Porter's Five Forces Analysis
-
1.4.1 Threat of New Entrants
-
1.4.2 Bargaining Power of Buyers
-
1.4.3 Bargaining Power of Suppliers
-
1.4.4 Threat of Substitute Products
-
1.4.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 Pet Type
-
2.1.1 Dog
-
2.1.2 Cat
-
2.1.3 Other Animals
-
-
2.2 Service Type
-
2.2.1 Grooming
-
2.2.2 Pet Transportation
-
2.2.3 Pet Boarding
-
2.2.4 Pet Sitting
-
2.2.5 Pet Walking
-
2.2.6 Other Service Types
-
-
2.3 Geography
-
2.3.1 North America
-
2.3.1.1 United States
-
2.3.1.2 Canada
-
2.3.1.3 Mexico
-
2.3.1.4 Rest of North America
-
-
2.3.2 Europe
-
2.3.2.1 Germany
-
2.3.2.2 United Kingdom
-
2.3.2.3 France
-
2.3.2.4 Russia
-
2.3.2.5 Spain
-
2.3.2.6 Italy
-
2.3.2.7 Rest of Europe
-
-
2.3.3 Asia-Pacific
-
2.3.3.1 India
-
2.3.3.2 China
-
2.3.3.3 Japan
-
2.3.3.4 Australia
-
2.3.3.5 Rest of Asia-Pacific
-
-
2.3.4 South America
-
2.3.4.1 Brazil
-
2.3.4.2 Argentina
-
2.3.4.3 Rest of South America
-
-
2.3.5 Africa
-
2.3.5.1 South Africa
-
2.3.5.2 Rest of Africa
-
-
-
Pet Service Market Size 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.
