Press release
Prominent Death Care Services Market Trend for 2025: Alkaline Hydrolysis As An Emerging Method For Disposing Of Human Remains
Death Care Services
Expectations of a shorter lifespan are predicted to boost the death care services sector. Life expectancy refers to the estimated number of years a person will live, and its decline leads to an increase in deaths, ultimately benefiting the death care services industry. For example, data from the Centers for Disease Control and Prevention, a US governmental organization, showed that the lifespan gap between women and men fell by 0.4 years to 5.4 years in March 2024, compared to 2021. As such, it's anticipated that the falling life expectancy will continue to spur on the death care services market.
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What is the future CAGR of the death care services market, and how will it impact industry expansion?
The market size for death care services has seen notable expansion in the past few years. The market is projected to rise from $127.83 billion in 2024 to $138.74 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 8.5%. The notable increase during the historical period is a result of factors such as the fast-paced growth in the global population, surge in accident rates, and robust economic development in emerging markets.
Predictions suggest that the death care services market will experience significant growth over the coming years, with market worth expected to reach $186.89 billion in 2029, following a compound annual growth rate (CAGR) of 7.7%. This forecasted growth is likely due to a rise in the number of individuals choosing funeral plans, an increasing global population, and growing demand for opulent funeral services. Anticipated trends during this period include investment in alkaline hydrolysis cremation technologies, the provision of eco-friendly burial services, personalized funeral services, live-streamed funerals for those unable to attend in person, GPS tracking in cemeteries, digital tags for gravestones, and comprehensive funeral planning services.
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What are the most significant trends transforming the death care services market today?
Death care service providers are turning to the alkaline hydrolysis process as a more preferred method for the disposal of human remains. This chemical process uses sodium hydroxide and heat to break down bodies. It's a method which largely utilises a mixture of 95% water and 5% potassium hydroxide or sodium oxide to dissolve a body into liquid and bone fragments. These fragments are then dried and converted into a substance similar to ashes left after cremation. The liquid leftover from alkaline hydrolysis is a non-hazardous solution that can be safely discarded through the sewage system. For example, Hawaii, a US state, enacted a law in July 2022, recognizing alkaline hydrolysis as an appropriate method for disposing of human remains.
Which key market segments comprise the death care services market and drive its revenue growth?
The death care services market covered in this report is segmented -
1) By Type: Funeral Homes And Funeral Services, Cemeteries And Crematories
2) By Arrangement: At-Need Arrangement, Pre-Need Arrangement
3) By Mode: Online, Offline
Subsegments:
1) By Funeral Homes and Funeral Services: Traditional Funeral Services, Memorial Services, Direct Burial Services, Direct Cremation Services, Pre-Planning and Pre-Need Services, Grief Counseling Services, Transportation Services
2) By Cemeteries and Crematories: Burial Services, Cremation Services, Cemetery Maintenance Services, Memorialization Products, Columbarium Services (for urn storage)
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What regions are at the forefront of death care services market expansion?
Asia-Pacific was the largest region in the death care services market in 2024. North America was the second-largest region in the death care services market. The regions covered in the death care services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the death care services market?
Major companies operating in the death care services market include Service Corporation International (SCI), Nirvana Asia Ltd, Dignity Plc, Arbor Memorial Inc., InvoCare, Fu Shou Yuan International Group, Carriage Services, NorthStar Memorial group, Stonemor Inc., Funespaña, Kumar Funeral Services, Anthyesti Funeral Services, Funeral Services Ltd., Open Agent, Ritual, Funeral Home Elpis, Park Lawn Corporation, Foundation Partners Group, Hillenbrand Inc., Walmart, 1-800-Flowers.com (FLWS), Rock of Ages Corp., Stewart Entreprises Inc., Mathews International (MATW), Naser Group, Empresa Funeraria Schunck Ltda, Eden Organizacao E Administraacao Do Serv Funer Ltda, Jerri Adriano Santos Moreira, Funeraria Global Ltda, JM Fernandes Plano De Assistencia Familiar E Funeraria, Funeraria Brasao D'ouro Ltda, Ouroplan Meta Servicos Funerarios Ltda, Celso De Almeida Augusto, Funeraria Sao Cristovao Servico Funerario Ltda, Funeraria Campos Ltda, Moore Funeral Home, Middle East Funeral Services, Gulf Care Middle East Funeral Services, Al Foah Funeral Services, Christian Cemetery Committee, Connex Assistance, Doves, Phaahla Funeral Services, Martins Funerals, Icebolethu, AVBOB Funeral Services.
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What Is Covered In The Death Care Services Global Market Report?
• Market Size Forecast: Examine the death care services market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the death care services market for a structured understanding.
• Key Players Overview: Analyze major players in the death care services market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the death care services market.
• Segment Contributions: Evaluate how different segments drive overall growth in the death care services market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the death care services market.
• Industry Challenges: Identify potential risks and obstacles affecting the death care services market.
• Competitive Landscape: Review strategic developments in the death care services market, including expansions, agreements, and new product launches.
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