Pet Funeral Services Market - By Pet Type (Dogs, Cats), By Service Type (Burial, Cremation [Communal, Partitioned, Private]) – Global Forecast (2024 – 2032)

Pet Funeral Services Market - By Pet Type (Dogs, Cats), By Service Type (Burial, Cremation [Communal, Partitioned, Private]) – Global Forecast (2024 – 2032)

Global Pet Funeral Services Market will exhibit over 10.5% CAGR from 2024 to 2032, propelled by the humanization of pets. According to the American Pet Products Association (APPA) reports, approximately 70% of U.S. households own a pet, translating to about 90 million homes. A survey in 2023 revealed that 85% of pet owners view their pets as family members. As pets are increasingly viewed as integral family members, pet owners are seeking end-of-life services that reflect an emotional bond with their pets. This fosters a demand for more dignified, personalized funeral and memorial options, such as custom ceremonies and tailored remembrance products.

Further, advancements in veterinary care have led to longer pet lifespans, resulting in a higher number of elderly pets requiring end-of-life services. There is growing awareness of pet loss support services. These factors, along with the rising disposable income among pet owners allow for higher spending on pet funeral services.

The overall pet funeral services market is sorted based on pet type, service type, and region.

The cats segment will register a noticeable CAGR through 2032, attributed to the increasing recognition of cats as cherished family members. As more cat owners seek to provide their pets with a respectful and personalized farewell, there is a growing preference for services that accommodate the unique bonds shared with their feline companions. The heightened awareness of the emotional significance of losing a pet and the desire for ceremonies & memorials that reflect the special place cats hold in their owners' lives will add to the segment growth.

The burial segment will garner a considerable pet funeral services market share by 2032, owing to growing preferences for traditional and eco-friendly end-of-life options. Pet owners are seeking more sustainable and natural ways to honor their pets. Burial service fulfills the desire for personalized and respectful farewells that align with environmental values & cultural practices. Additionally, increased cognizance of the option for memorialization and long-term remembrance will bolster the demand for burial services for pets.

Europe pet funeral services market will showcase a remarkable CAGR during the forecast period, because of an increasing emphasis on pet welfare and emotional well-being. The pet owners in the region are increasingly viewing their pets as integral family members and are seeking services that reflect this sentiment. The availability of various customizable and eco-friendly funeral options also appeals to a more environmentally conscious consumer base, thereby contributing to the market growth.