Press release
Decreasing Life Expectancy Drives Growth In The Death Care Services Market: A Key Driver Powering Death Care Services Market Growth In 2025
Death Care Services
What Is the Current Death Care Services Market Size and Its Estimated Growth Rate?
In recent times, the death care services market has seen a significant expansion. The market size is set to increase from $127.83 billion in 2024 to $138.74 billion in 2025, with a compound annual growth rate (CAGR) of 8.5%. The noticeable growth during the historical period is due to factors such as the rapid increase in global population, a higher number of accidents, and robust economic development in budding markets.
The market size for death care services is predicted to experience substantial growth over the coming years, reaching $186.89 billion by 2029, with a compound annual growth rate (CAGR) of 7.7%. This growth within the indicated forecast period may be due to the rising number of individuals choosing funeral plans, increased global population and a surge in demand for extravagant funerals. Key trends predicted during this period include the investment in alkaline hydrolysis cremation technologies, provision of green burial services, personalization services for funerals, live streaming options for those unable to attend in person, GPS tracking within cemeteries, digital labels for tombstones and advanced pre-planning for funerals.
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How Are Emerging Segments Shaping the Death Care Services Market Landscape?
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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Which Growth Factors Are Influencing Death Care Services Market Expansion?
An anticipated decline in life expectancy is predicted to stimulate the expansion of the death care services market. Life expectancy is essentially the length of time an individual is expected to live. As life expectancy diminishes, more people die, and this elevated fatality rate propels the death care services market. To illustrate, data from the Centers for Disease Control and Prevention, a government agency in the US, noted in March 2024, that there was a 5.4 year life expectancy disparity between males and females in 2022. This showed a reduction of 0.4 years from 2021. Consequently, a declining life expectancy is projected to be a significant driving factor for the death care services market in the future.
Who Are the Dominant Players Across Different Death Care Services Market Segments?
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.
What Are the Latest Developing Trends in the Death Care Services Market?
Companies providing death care services are progressively adopting the technique of alkaline hydrolysis for the disposal of bodies. This is a scientific procedure that disposes of human remains by using sodium hydroxide coupled with heat. This method employs a mixture of 95% water and either 5% potassium hydroxide or sodium oxide to break down a body into liquid and bone elements. Bone pieces are preserved and dehydrated into a material akin to cremation ashes. The liquid residue from the alkaline hydrolysis process is a harmless solution that is eliminated via the sewage system. For example, in July 2022, the practice of alkaline hydrolysis was officially approved as a valid method for body disposition in Hawaii, a state of the United States of America.
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Which Geographic Regions Are Expected to Dominate the Death Care Services Market in the Coming Years?
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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Death Care Services Market?
2. What is the CAGR expected in the Death Care Services Market?
3. What Are the Key Innovations Transforming the Death Care Services Industry?
4. Which Region Is Leading the Death Care Services Market?
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