Funeral and Cremation Services Market Size, Share, Growth Outlook, Industry Forecast 2024 To 2030

The Funeral and Cremation Services Market Size has expanded significantly in recent years With a CAGR of 6.5% to 2030. The Funeral and Cremation Services Market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Market Overview: The global funeral and cremation services market was valued at approximately USD 20 billion in 2022. The cremation rate in the United States surpassed 56% in 2021 and is projected to reach over 70% by 2030, driven by lower costs compared to traditional burials and changing societal preferences. Cultural attitudes towards death and funerals are changing, with more people seeking personalized and celebratory services rather than traditional somber ceremonies.The rise in secularism, especially in Western countries, has also influenced the market, with non-religious and humanist funeral services becoming more common.In Canada, the cremation rate is even higher, exceeding 73% in 2022, reflecting similar trends towards cost-effective and environmentally friendly practices.
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Key Segments: By Service (Cremation, Funeral planning services, Transportation, Body preparation and Interment, Resale of merchandise, Others), By Type (Immediate-need, Pre-Planned), By Provider Service (Embalming services, Mortician services, Operating funeral homes with crematories, The funeral director, Visitation or Viewing services, Graveside committal, Selling funeral supplies, Transporting the deceased), By Distribution Channel (Online, Offline)
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Competitive Landscape: Amar International Repatriations, and Ritual Funeral Enterprise, Carriage Services, Dignity Plc, InvoCare Australia Pty Ltd, Naser Group Inc, Nirvana Asia Ltd, Service Corp International, StoneMor Partners
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Regional Insights:
North America is the largest market for funeral and cremation services, with the United States accounting for a significant share due to high cremation rates and well-established service providers.
The Asia-Pacific region is witnessing rapid growth, particularly in countries like China and Japan, due to increasing urbanization and shifts in traditional burial practices towards cremation.
Key questions answered
•How feasible is Funeral and Cremation Services Market for long-term investment?
•What are influencing factors driving the demand for Funeral and Cremation Services Market near future?
•What is the impact analysis of various factors in the Global Funeral and Cremation Services Market growth?
•What are the recent trends in the regional market and how successful they are?
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