Rising Pet Companionship Rates Fuel Growth In Pet Funeral Services Market Driver: Leading Transformation in the Pet Funeral Services Market in 2025

"What Are the Projected Growth and Market Size Trends for the Pet Funeral Services Market?
In recent times, the pet funeral services market has seen a swift expansion in its size. Its growth is projected to escalate from $1.65 billion in 2024 to $1.83 billion in 2025, with a compound annual growth rate (CAGR) of 11.1%. The expansion during the historical period can be credited to factors such as higher rates of pet ownership, treating pets more humanely, a surge in understanding and acceptance, a move towards individual services, and an increase in pet-related spending.

Anticipations indicate a swift expansion of the pet funeral services market in the upcoming years, with the expectation to reach a value of $2.76 billion in 2029, and a compound annual growth rate (CAGR) of 10.9%. Factors contributing to this growth during the forecast period include the increasing trend of treating pets as family members, enhancement in service offerings, stricter regulations and standards for pet cremation, wider acceptance of pet funerals, and an increase in disposable income. Key trends expected during this forecast period encompass the introduction of advanced cremation technologies, the use of water-based cremation methods, the provision of online memorial services, the availability of virtual memorialization options, and the implementation of automated scheduling systems.

What Is Driving the Growth Trajectory of the Pet Funeral Services Market?
The growth of the pet funeral services market is anticipated to be fueled by the rising rate of pet companionship. This rate represents the number of households or individuals who own pets and attend to their needs, which is an indication of the growing pet ownership trend and strengthening connection between humans and animals. Factors such as recognition of the emotional and mental advantages of having pets, urban development, and an increase in single-person households desiring companionship are driving the higher pet companionship rates. Pet funeral services offer emotional comfort and closure to pet owners, enabling them to celebrate and remember their beloved pets. For instance, a June 2024 report by The People's Dispensary for Sick Animals, a veterinary charity based in the UK, predicts that the number of pet dogs in the UK will grow to around 10.6 million, an increase from 9.6 million in 2021. As a result, the surge in pet companionship rates is projected to stimulate the expansion of the pet funeral services market.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=20589&type=smp

Which Leading Companies Are Shaping the Growth of the Pet Funeral Services Market?
Major companies operating in the pet funeral services market are CVS Group plc, Anima Care, Lap of Love Veterinary Hospice, Gateway Pet Memorial Services, Vetspeed Ltd., Final Gift Pet Memorial Center, Petland Cemetery Inc., Regency, Pets in Peace, Precious Pets Crematory, Constant Companion Pet Crematorium, Newhaven Funerals, Paws to Heaven Pet Crematory, Midwest Cremation Service, Sarasota Pet Crematory, Okanagan Pet Cremation, Precious Pet Cemetery, Dignity Pet Crematorium, High Peak Pet Funeral Services, Pets At Peace, Pets Remembered, Faithful Friends Pet Cremation Services

Which Leading Companies Are Shaping the Growth of the Market?
Leading firms in the pet funeral service industry are shifting their focus towards environmentally friendly alternatives like aquamation to cater to the increasing consumer demand for sustainable and eco-conscious end-of-life solutions. Aquamation employs water, alkali, and heat to decompose the body back to its basic elements, presenting a more sustainable option as compared to conventional cremation and burial methods. For example, in March 2023, The Green Mortician, a pet funeral service based in Singapore, initiated the country's premier pet aquamation service, providing a green substitute to traditional cremation. Also known as alkaline hydrolysis, this method uses heated water and alkaline substances to disintegrate the body, approximating a natural breakdown with nearly 90% less energy and zero harmful emissions. With its carbon footprint significantly lower than the conventional methods, each cycle of aquamation uses around 800 liters of water, akin to the daily consumption of a five-person household.

What Are the Key Segments of the Pet Funeral Services Market?
The pet funeral services market covered in this report is segmented -

1) By Type: Indoor, Outdoor
2) By Service Type: Burial, Cremation, Communal, Partitioned, Private
3) By Pet Type: Dogs, Cats, Other Pet Types

Subsegments:
1) By Indoor: Cremation Services, Indoor Memorial Services, Pet Viewing Rooms, Indoor Burial Services, Grief Counseling And Support Services
2) By Outdoor: Outdoor Burial Services, Scatter Garden Services, Memorial Tree Planting, Pet Burial Markers and Memorial Stones, Outdoor Pet Cremation and Scatter Services, Nature-Based Memorial Services

Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/pet-funeral-services-global-market-report

Which Region Dominates the Pet Funeral Services Market?
North America was the largest region in the pet funeral services market in 2024. The regions covered in the pet funeral services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Pet Funeral Services Global Market Report?

- Market Size Analysis: Analyze the pet funeral services Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the pet funeral services market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall pet funeral services market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the pet funeral services market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=20589

"

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
•LinkedIn: https://in.linkedin.com/company/the-business-research-company
•Twitter: https://twitter.com/tbrc_info
•YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.

Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.