Major Growth Driver Identified in 2025 Death Care Services Market: Decreasing Life Expectancy Drives Growth In The Death Care Services Market

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Death Care Services Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, there has been a robust growth in the death care services market size. The projections show an increase from $128.47 billion in 2024 to $138.23 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.6%. The expansion during the historic period is credited to the swift rise in world population, increased number of accidents, and the vibrant economic growth witnessed in emerging markets.

Death Care Services Market Size Forecast: What's the Projected Valuation by 2029?
In the upcoming years, robust growth is anticipated for the death care services market. The market size is poised to expand to $186.44 billion by 2029, at a compound annual growth rate (CAGR) of 7.8%. Factors such as an upswing in the adoption of funeral policies, a rising global population, and a surge in demand for extravagant funeral services attribute to this growth in the speculated period. The forecast period is likely to witness trending investments in alkaline hydrolysis cremation technologies, traction towards green burial services and personalized funeral services. Other emerging trends include live streaming options for funerals for those who cannot attend in person, GPS tracked cemeteries, digitized tombstone tags, and enhanced funeral planning offerings.

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What Are the Drivers Transforming the Death Care Services Market?
The death care services market is anticipated to proliferate due to the declining life expectancy. Life expectancy, which determines the probable number of years a person will live, is on a downward trend, resulting in more deaths. Consequently, this upsurges the demand for death care services. For example, the Centers for Disease Control and Prevention, a US government agency, reported in March 2024 that there was a 5.4 years life expectancy discrepancy between men and women in 2022, which is a reduction of 0.4 years from 2021. Thus, this shrinkage in life expectancy is projected to accelerate the expansion of the death care services market in the future.

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What Long-Term Trends Will Define the Future of the Death Care Services Market?
Companies in the death care service industry are progressively adopting the method of alkaline hydrolysis for the disposal of human bodies. This procedure involves a chemical process that uses heat and sodium hydroxide to dissolve remains. It involves the use of 95% water and five percent of either potassium hydroxide or sodium oxide to break down a body into liquid and bone components. The bone fragments are preserved and dried, turning into a substance akin to ashes from cremation. The liquid result of this process is a non-toxic solution which is disposed of via the sewage system. As an illustration, Hawaii, in the United States, sanctioned the use of alkaline hydrolysis as a recognized method for human body disposal in July 2022.

Which Segments in the Death Care Services Market Offer the Most Profit Potential?
The death care servicesmarket 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 Firms Dominate the Death Care Services Market by Market Share and Revenue in 2025?
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.

Which Regions Offer the Highest Growth Potential 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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