Press release
Global Pet Sitting Market Projected to Surpass $4.82 Billion by 2029 with 11% Annual Growth
What market dynamics are playing a key role in accelerating the growth of the pet sitting market?The anticipated rise in pet care attention is predicted to bolster the expansion of the pet-sitting market in the future. Pet care is defined as the healthcare and wellbeing of pets that aids in enhancing their overall health while lessening their stress. A surge in pet care corresponds with a growth in the pet sitting market, owing to the preservation of pets' health and sanitary conditions. For instance, in April 2024, the North American Pet Health Insurance Association, a pet health insurance company based in the US, reported that by the end of 2023, around 6.25 million pets were insured in North America. This illustrates a 16.7% surge in the pet health insurance market from the 5.3 million pets insured in 2022. Consequently, the augmenting interest in pet care is fuelling the expansion of the pet-sitting market in the future.
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How will the growth rate of the pet sitting market shape industry trends by 2034?
In the past few years, there has been a significant growth in the pet sitting market. With a compound annual growth rate (CAGR) of 10.1%, we can expect the market size to escalate from $2.92 billion in 2024 to $3.21 billion in 2025. Various contributing factors such as an increase in pet ownership rates, alterations in lifestyles and work habits, heightened awareness regarding the well-being of pets, treating pets as family members, and recommendations via word of mouth have been instrumental in this growth during the historical period.
The market size for pet sitting is forecasted to experience a swift expansion in the upcoming years. It is predicted to reach "$4.82 billion by 2029, with a 10.7% compound annual growth rate (CAGR). The predicted growth during the forecast period is credited to factors such as increased travel and leisure activities, amplified pet owner expectations, and specialized services for various pets. Additional contributors include a rise in urbanization, and emphasis on the mental health and engagement of pets. The forecast period is also expected to showcase prominent trends, including the inclusion of technology in pet sitting services, a shift towards specialized and customized services, emergence of professional pet sitters and agencies, reinforced safety protocols, and insurance provisions, along with further technological integration in pet sitting services.
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What trends are poised to drive the future success of the pet sitting market?
One key trend gaining momentum in the pet-sitting market is the advancement of technology. Firms in the pet-sitting industry are leveraging technological innovations to maintain their market standing. In an example from May 2022, Whistle Labs Inc., a pet healthcare tech company from the US, launched Whistle Health, a smart device powered by AI and data for proactive care for dogs. This industry-leading AI developed by Whistle can convert every canine movement into a personalized wellness index using data collected from more than 100,000 worldwide pets over a four-year period. When combined with the Whistle app, the Whistle Health device can identify potential issues, alert pet owners about potential problems like over-scratching or changes in eating behaviors, and instantly connect them with a vet via Whistle's Ask a Vet feature.
Which primary segments of the pet sitting market are driving growth and industry transformations?
The pet sitting market covered in this report is segmented -
1) By Pet Type: Dogs, Cats, Fish, Cage Pets, Other Pet Types
2) By Service: In-House Sitting, At-Care Facilities
3) By Application: Day Care Visits, Dog Walking, Pet Transportation, Other Applications
Subsegments:
1) By Dogs: Small Breed Dog Sitting, Medium Breed Dog Sitting, Large Breed Dog Sitting, Specialized Care For Puppies or Seniors
2) By Cats: General Cat Sitting, Specialized Care For Kittens or Seniors, Multi-Cat Household Care
3) By Fish: Freshwater Fish Care, Saltwater Fish Care, Aquarium Maintenance Services
4) By Cage Pets: Care For Hamsters, Care For Guinea Pigs, Care For Rabbits, Care For Birds
5) By Other Pet Types: Reptiles, Amphibians, Exotic Pets
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Which geographical regions are pioneering growth in the pet sitting market?
Asia-Pacific was the largest region in the pet sitting market in 2024.North America is expected to be the fastest-growing region in the global pet-sitting market report during the forecast period. The regions covered in the pet sitting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the pet sitting market landscape?
Major companies operating in the pet sitting market include A Place for Rover Inc., Best Friends Pet Care, Camp Bow Wow, Chicago Dog Walkers, DogVacay, Fetch! Pet Care, G'Day! Pet Care, Holidog.com, PetSmart Inc., Swifto Inc., Careguide Inc., Dogtopia Enterprises, PetBacker, Pets at Home Inc., Wag! Group Co., Care.com Inc., Rover.com, Petco Health and Wellness Company Inc., HouseMyDog Ltd., PetCloud, Happy Tails Pet Sitting, Pawsitive Pet Care, Critter Sitters Pet Care Services, The Pet Staff Professional Pet Sitting, Purrfect Paws Pet Sitting and Dog Walking Service, FurBabies Home Pet Care and Dog Walking, Professional Pet Sitting LLC, Cat in a Flat, 4 Paws Pet Services Ltd., The Fairy Dog Walking and Pet Sitting Services
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What Is Covered In The Pet Sitting Global Market Report?
• Market Size Forecast: Examine the pet sitting market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the pet sitting market for a structured understanding.
• Key Players Overview: Analyze major players in the pet sitting market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the pet sitting market.
• Segment Contributions: Evaluate how different segments drive overall growth in the pet sitting market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the pet sitting market.
• Industry Challenges: Identify potential risks and obstacles affecting the pet sitting market.
• Competitive Landscape: Review strategic developments in the pet sitting market, including expansions, agreements, and new product launches.
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