Pet Services Market Size, Share, Trends, Growth 2032

Pet Services Industry Prospective:

The global pet services market size was evaluated at $28.45 billion in 2023 and is slated to hit $58.92 billion by the end of 2032 with a CAGR of nearly 8.43% between 2024 and 2032.  

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Pet Services Market: Overview

A rise in the number of pets and growing pet costs has enhanced the popularity of pet services. Reportedly, pet services include a slew of professional offerings that fulfill the requirements of pets as well as their owners.  Furthermore, these pet services are aimed at ensuring good health & fitness for the pets along with providing support as well as convenience for pet owners. Moreover, pet services include dog walking, grooming, veterinary care, boarding, pet transportation, training, and specialized services including physical therapy.

Key Insights

• As per the analysis shared by our research analyst, the global pet services market is projected to expand annually at the annual growth rate of around 8.43% over the forecast timespan (2024-2032)
• In terms of revenue, the global pet services market size was evaluated at nearly $28.45 billion in 2023 and is expected to reach $58.92 billion by 2032.
• The global pet services market is anticipated to grow rapidly over the forecast timeline owing to the growing need for specialized care & pet attention.
• In terms of type, the boarding segment is slated to register the highest CAGR over the forecast period.
• Based on animal type, the dog segment is predicted to contribute majorly towards the global industry share in the upcoming years.
• Based on delivery channel, the commercial facilities segment is expected to dominate the segmental surge over the forecast timeline.
• Region-wise, the Asia-Pacific pet services industry is projected to register the fastest CAGR during the projected timespan.

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Pet Services Market: Growth Factors

Escalating demand for specialized care of pets is anticipated to boost the growth of the market globally

The growing need for specialized care & pet attention will boost the expansion of the global pet services market. In addition to this, a rise in the acceptance of cats & dogs will prop up the scope of the global market demand. Escalating awareness about the importance of pet health will expedite the growth of the global market. The surging population of companion animals along with the humanization of pets is anticipated to boost the growth of the market across the globe. A rise in the spending on pets will prop up the scope of growth of the global market.

Pet Services Market: Restraints

Low awareness about pet care in developing countries can restrict the growth of the global industry

The lack of availability of animal experts along with low awareness about pet care among the pet owners in emerging economies is projected to restrain the growth of the pet services industry globally.

Pet Services Market: Opportunities

An increase in data analytics use & rise in promotional activities will open new growth opportunities for the global market

A rise in the penetration of subscription and premium services along with the use of data analytics in marketplace mechanics is likely to open new growth avenues for the global pet services market. Escalating acceptance of digital channels for marketing & service delivery will prop up the growth of the global market.

Pet Services Market: Challenges

Stringent legislation related to pet services can put a big challenge for the global industry over the forecast period

Strict laws pertaining to offering pet services can put a huge challenge for the global pet services industry.

Pet Services Market: Segmentation

The global pet services market is divided into type, animal type, delivery channel, and region.                                         

In type terms, the pet services market across the globe is bifurcated into grooming, boarding, and trading segments. Additionally, the boarding segment, which acquired nearly one-fourth of the global market revenue in 2023, is expected to record the fastest annual rate of growth in the forecast timeframe. The expansion of the segment in the next eight years can be due to a rise in pet owners opting for pet sitting, pet daycare, and overnight boarding services. 

Based on the animal type, the global pet services industry is sectored into cat and dog segments. Additionally, the dogs segment, which garnered about 57% of the global industry size in 2023, is expected to make notable contributions towards the global industry revenue over the analysis timeframe. The growth of the segment in the upcoming years can be due to escalating pet ownership, a rise in the spending on pets, humanization of pets, and premiumization of pet items & services. 

On the basis of delivery channels, the global pet services market is segmented into commercial facilities and clinics segments. Additionally, the commercial facilities segment, which accounted for 60% of the global market size in 2023, is set to steer the expansion of the segment in the ensuing years. Moreover, the segmental surge over the next few years can be due to a surge in the number of commercial units offering pet services. In addition to this, acceptance of omnichannel sales and advertising strategies will prompt the segmental surge.

Pet Services Market: Report Scope

Pet Services Market: Regional Insights

North America is expected to maintain the leading status in the global market in the next couple of years

North America, which accounted for nearly two-thirds of the global pet services market revenue in 2023, is expected to establish its dominant status in the global market in the years to come. In addition to this, the regional market growth in the next few years can be due to the large-scale presence of key service providers in countries such as the U.S. and the implementation of key business strategies along with the rise in the spending on pet care.

Asia-Pacific pet services industry is anticipated to register the fastest growth rate in the forecast timespan. The expansion of the industry in APAC over forecasting years can be attributed to a prominent surge in the pet populace, easy access to pet service providers, and rising per capita income of the customers.

Pet Services Market: Competitive Space

The global pet services market profiles key players such as:

• A Place for Rover Inc.
• AirPets International
• Pets at Home Inc.
• Pet Resort LLC
• Wag Labs Inc.
• Pawz and Company
• Pooch Dog SPA
• Highland Canine Training LLC
• Dogtopia Enterprises
• American and Paradise 4 Paws LLC.

The global pet services market is segmented as follows:

By Type

• Grooming
• Boarding
• Trading

By Animal Type

• Cats
• Dogs

By Delivery Channel

• Commercial Facilities
• Clinics

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa