Press release
Pet Travel Services Market Expected to Achieve 10.1% CAGR by 2029: Growth Forecast Insights
Pet Travel Services
How Large Will the Pet Travel Services Market Size By 2025?
The pet travel services market has seen exponential growth in recent years. The market, which was valued at $2.04 billion in 2024, is projected to increase to $2.25 billion in 2025, showcasing a compound annual growth rate (CAGR) of 10.3%. This significant growth in the historical period can be linked to factors such as the rise in pet ownership, urbanization and evolving lifestyles, changes in regulations, heightened awareness regarding pet safety, and the rise of pet-friendly accommodations.
How Big Is the Pet Travel Services Market Size Expected to Grow by 2029?
The market size for pet travel services is projected to witness a swift expansion in the ensuing years. It is poised to reach "$3.32 billion by 2029, growing at a compound annual growth rate (CAGR) of 10.1%. The anticipated rise during this period is due to factors such as globalization and increased international travel, changes in regulations, a heightened emphasis on sustainable and eco-conscious protocols, an increase in high-end and specialized services, and a broader reach of pet tourism. Significant trends expected throughout this duration include the incorporation of technology, focus on health and safety, specialized lodging, individualized experiences, and a commitment to environmental sustainability.
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Which Key Market Drivers Powering Pet Travel Services Market Expansion and Growth?
The upswing in animal adoption is set to fuel the expansion of the pet travel services market. This term refers to acquiring animals via rescue organizations, as opposed to buying them from pet breeders or pet stores. Pet travel services offer a convenient, professional, and efficient method for pet transportation. For example, data from the People's Dispensary for Sick Animals, a non-profit entity in the UK, revealed that the proportion of pet owners classified as 'new' spiked to 38% in 2023, an increase from 2021's 34% and 2022's 36%. This surge is largely ascribed to the rise in new canine owners in 2023, constituting 41% in contrast to 34% in 2021. As such, the increasing rate of animal adoptions is catalyzing the pet travel services market's growth.
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Which Fast-Growing Trends Are Poised to Disrupt the Pet Travel Services Market?
Companies in the animal health market are focusing on product innovation to broaden their offerings. In March 2023, Canada-based Pet Value introduced "Let's Go Outside," a digital travel guide tailored to pet owners. The guide features pet-friendly destinations and expert tips, and its durable chew-proof design enhances usability for pet owners on the move.
What Are the Emerging Segments in the Pet Travel Services Market?
The pet travel services market covered in this report is segmented -
1) By Travel Type: Domestic, International
2) By Pet Type: Dogs, Cats, Other Pet Types
3) By Booking Type: Online Booking, Offline Booking
4) By Application Type: Transportation, Relocation
Subsegments:
1) By Domestic: Pet-Friendly Transportation Services, Pet Boarding Facilities, Pet Sitting Services During Travel, In-Home Pet Care Services, Pet-Friendly Accommodation Booking
2) By International: International Pet Relocation Services, Customs Clearance Assistance For Pets, Pet Travel Insurance, International Boarding And Care Facilities, Health Certificate And Vaccination Services
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Who Are the Global Leaders in the Pet Travel Services Market?
Major companies operating in the pet travel services market include PetRelocation, Air Animal Pet Movers, Happy Tails Travel Inc., Blue Collar Pet Transport, Across the Pond Pets Travel, PETport, Starwood Pet Travel, JetPetGlobal, Airpets International, CitizenShipper, Tails-A-Wagon Pet and Vehicle Transport, AirPets Relocation Services Pvt. Ltd., Pet Travel Services Guam, Pawsome Pet Travel Ltd., World Care Pet Transport LLC, PetSafe Inc., Pet Express Animal Transport, Pet Air Carrier LLC, Pet Van Lines, Pet Travel Transport, Aeropets, Airvets Pet Relocation, American Airlines Pet Cargo, Animal Airways, Animal Land Pet Movers, Crown Relocations, Delta Airlines Pet Shipping, Dog Gone Taxi, Dogtainers, Fetch Pet Care
Which are the Top Profitable Regional Markets for the Pet Travel Services Industry?
North America was the largest region in the pet travel services market in 2024. The regions covered in the pet travel services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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