Pet Service Market

Market Definition

The Pet Service Market size was valued at USD 25.1 billion in 2023 and is predicted to reach USD 41.8 billion by 2030 with a CAGR of 7.6% from 2024-2030.

Pet services encompass a range of professional offerings that cater to the needs of pets and their owners. These services are aimed at ensuring the overall well-being and happiness of pets while providing convenience and support to their owners. 

Pet services includes grooming, training, boarding, pet sitting, dog walking, veterinary care, pet transportation, and specialized services such as pet photography or physical therapy. Pet service providers cater to the growing demand for specialized care and attention for pets, offering solutions to help pet owners ensure the health, happiness, and safety of their beloved animals.

Market Dynamics and Trends

The growing adoption of pet animals including dogs and cats across the globe is driving the demand for high-quality pet services. For instance, around 4.8 million pets were adopted in 2023, including 2 million dogs and 2.1 million cats. With such rise in the growth of the pet adoption, the demand for high quality pet services is anticipated to grow significantly in the forecasted years.

Moreover, the rising awareness among pet owners regarding the significance of pet health and grooming serves is further expanding the growth of the pet service market. As pet owners become increasingly informed about the crucial role that proper care and maintenance play in their pets' well-being, the demand for specialized pet services including grooming, veterinary care, nutritional counseling, and more, continues to rise.

Furthermore, advancements in technology, such as the widespread availability of online platforms and mobile apps for pet care services is expected to further boosts the growth of the growth of the market. These digital innovations provide pet owners with convenient and user-friendly platforms to browse and select from a wide range of pet services, including grooming, boarding, veterinary care, and more to efficiently manage their pet's care needs, contributing to the overall growth and expansion of the pet service market.

However, the high cost of professional pet services and the potential variability in quality and reliability of service providers are the major factors restraining the growth of the market. On the contrary, the introduction of natural and organic pet products along with the adoption of remote and virtual services providing virtual consultations, telehealth services, and online training sessions is expected to create ample opportunities in the growth of the pet service market in the coming years.

Market Segmentations and Scope of the Study

The pet service market share is segmented on the basis of pet type, service type, and region. On the basis of pet type, the market is divided into dog, cat, and others. On the basis of service type, the market is classified into grooming, pet transportation, pet boarding, pet sitting, pet walking, and others. Regional breakdown and analysis of each of the aforesaid segments include regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America holds the dominant share of pet service market share and is expected to continue its dominance during the forecast period. The growing number of pet owners in countries such as the U.S. and Canada is creating a higher demand for various pet services to cater to the needs and well-being of their pet animals.

According to the 2022-23 National Pet Owner's Survey conducted by the American Pet Products Association (APPA), approximately 90.5 million households in the United States, accounting for about 60% of the U.S. population, have at least one pet animal.

Moreover, presence of key market players such as Village Pet Care LLC, The J.M. Smucker Company, and Spectrum Brands Inc. play a major role in the growth of the pet service market. For instance, in January 2023, Village Pet Care emerged as a new pet care services platform following a strategic growth investment from General Atlantic.

The platform aims to enhance the pet care experience by offering a comprehensive range of services such as veterinary care, grooming, boarding, and training, while leveraging technology to provide seamless and convenient solutions for pet owners.

On the other hand, Asia-Pacific is expected to show steady growth in the pet service market. This is due to the rising awareness of pet welfare and the government's efforts to promote adoption of pet service market in this region. According to the latest report published by the International Trade Administration in July 2022, the government of Singapore is implementing strategies such as the Adoption and Rehoming of dogs (ADORE) scheme to encourage the adoption of local and mixed-breed dogs.

Moreover, the robust animal healthcare industry in the region emphasizing on the health and well-being of pets such as veterinary care, pet grooming, pet boarding, and more is driving the growth of the pet service market. According to the Indian Federation of Animal Health Federation, the animal healthcare industry in India reached a substantial value of approximately USD 850 million in the fiscal year 2021-22. This robust size of the pet service sector is characterized by a wide array of services aimed at ensuring the optimal health animals, attracting pet owners seeking top-quality care for their pets.

Competitive Landscape

Various market players operating in the pet service market share include Cargill, Inc., Heads Up for Tails, Village Pet Care, Mars, Incorporated, Nestlé S.A., Spectrum Brands, Inc., Wag Walking, The J.M. Smucker Company, Unicharm Corporation, and Hill's Pet Nutrition, Inc. and others. These market players are adopting various strategies such as digital platform and new services to remain dominant in the market.

For instance, in June 2023, Cargill launched ZooniVet, a digital platform aimed at addressing the needs of urban pet parents with a focus on pet health. ZooniVet aims to provide pet owners with convenient access to veterinary care, nutritional information, and personalized pet management tools.

Moreover, in April 2023, Heads Up for Tails unveiled its new active pet lifestyle brand called Dash Dog. The brand aims to cater to the growing demand for high-quality, stylish, and functional products that promote an active lifestyle for dogs, offering a range of products including accessories, gear, and nutrition options.

Furthermore, in November 2022, Wag Walking announced the launch of their Neighborhood Network, a new feature designed to make finding care for pets. The Neighborhood Network connects pet owners with local pet care providers, allowing them to easily find trusted pet sitters, dog walkers, and other services in their community.

Key Benefits

• The report provides quantitative analysis and estimations of the pet service market from 2024 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep dive analysis of the pet service market including the current and future trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the pet service market is provided in the report. 

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Key Market Segments

By Pet Type 

• Dog

• Cat

• Others

By Service Type 

• Grooming

• Pet Transportation

• Pet Boarding

• Pet Sitting

• Pet Walking

• Others

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden        

  • Norway        

  • Russia        

  • Rest of Europe    

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2023	USD 25.1 billion
Revenue Forecast in 2030	USD 41.8 billion
Growth Rate	CAGR of 7.6% from 2024 to 2030
Analysis Period	2023–2030
Base Year Considered	2023
Forecast Period	2024–2030
Market Size Estimation	Billion (USD)
Growth Factors	Rising adoption of pets across the globe boosts the market Growing awareness regarding pet health further expands the market growth Advancement in pet services
Countries Covered	28
Companies Profiled	10
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.

KEY PLAYERS

• Cargill, Inc

• Heads Up for Tails

• Village Pet Care

• Mars Inc.

• Nestlé S.A.

• Spectrum Brands, Inc.

• Wag Walking

• The J.M. Smucker Company

• Unicharm Corporation

• Hill's Pet Nutrition, Inc.