Press release
Death Care Services Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Death Care Services
Death Care Services Market Size Growth Forecast: What to Expect by 2025?
The market size for death care services has witnessed robust growth in the last few years. An increase from $127.83 billion in 2024 to $138.74 billion in 2025 is anticipated, indicating a compound annual growth rate (CAGR) of 8.5%. This growth during the historical period has been driven by factors such as the quick growth of the global population, a surge in accidents, and the solid economic development in emerging markets.
How Will the Death Care Services Market Size Evolve and Grow by 2029?
The market for death care services is anticipated to undergo substantial growth in the upcoming years. The sector is predicted to expand to $186.89 billion by 2029, with a compound annual growth rate (CAGR) of 7.7%. This growth over the forecast period is primarily driven by an escalating number of individuals choosing funeral plans, burgeoning global population, and a rise in demand for extravagant funerals. Noteworthy trends for the forecast period include the investment in alkaline hydrolysis cremation technologies, provision of green burial services, personalized services for funerals, the availability of live streaming options for funerals for those who cannot be physically present, GPS enabled tracking in cemeteries, digital tombstone tags, and advanced funeral planning options.
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What Drivers Are Propelling the Growth of Death Care Services Market Forward?
The death care services market is anticipated to grow due to a decline in life expectancy. Life expectancy refers to the average number of years a person is expected to live. As life expectancy decreases, the number of deaths increases, subsequently fueling the growth of the death care services market. For instance, data from the Centers for Disease Control and Prevention, a US government agency, in March 2024 showed that the life expectancy gap between males and females was 5.4 years in 2022. This was a decrease of 0.4 years compared to 2021. Hence, the decreasing life expectancy is projected to boost the market for death care services.
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Which Emerging Trends Are Transforming the Death Care Services Market in 2025?
Companies operating in the death care service sector are progressively employing the alkaline hydrolysis process to dispose of bodies. This involves a chemical execution employing sodium hydroxide and heat to break down human remains. The process entails the use of a solution comprised of 95% water and 5% potassium hydroxide or sodium oxide to disintegrate a body into liquid and bone components. The bone fragments are then preserved and desiccated into a material resembling cremated remains. The liquid by-product of the alkaline hydrolysis process is a harmless solution which can be gotten rid of via the sewage system. Notably, in July 2022, the practice was legalized in Hawaii, a state in the USA, as an acceptable approach for human body disposition.
What Are the Key Segments in the Death Care Services Market?
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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Who Are the Key Players Shaping the Death Care Services Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Death Care Services Market?
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
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