DUBLIN, May 16, 2024 (GLOBE NEWSWIRE) — Pet sitting market size, share and Added “Trend Analysis Report” Segment Forecast, 2024-2030 report ResearchAndMarkets.com Recruitment.
The global pet sitting market size is expected to reach USD 5.14 billion by 2030 and is projected to grow at a CAGR of 11.73% from 2024 to 2030. Key factors driving market growth include increasing adoption of subscription-based pet services, accelerating expansion, etc. Pet service provision decreased and spending on pets increased. Pet adoption rates are steadily increasing due to increasing pet ownership among young people and the trend toward humanizing pets.
Additionally, increased disposable income has increased the purchasing power of customers, allowing them to spend more on their pet’s health. These factors have increased the need for pet services and encouraged the market entry of new pet service providers such as lodging, grooming, pet sitting, and photography. According to May 2023 data released by the Texas Hotel and Lodging Association, 75% of the nation’s hotels are pet-friendly and offer not only pet-friendly services but also lodging care. Furthermore, it is estimated that approximately 78% of American pet owners travel with their pets.
The COVID-19 pandemic has created many challenges, including reduced sales and marketing activity and restrictions on pet services. Additionally, interestingly, as people were confined to their homes during the pandemic, pet ownership increased and the need for companionship and emotional support increased. In December 2023, 48% of previous pet owners adopted a new pet during the pandemic, according to the American Pet Products Association (APPA). In the United States, pet ownership is estimated to have increased by 4.7% from 2009 to 2019, and the pandemic accelerated this rate of increase to 9.8%.
The growing demand for personalized, technologically integrated, safe, environmentally sustainable and niche-focused pet sitting services, as well as the emphasis on collaboration and partnerships within the pet care industry, will drive the market to a number of It is expected to grow steadily over the years. Pet sitting is a growing field in countries such as France due to the presence of platforms such as TrustedHousesitters, which lists over 119 house sitters in France, and PetBacker, which boasts 2,247 pet sitters in France. TrustedHousesitters provides house-sitting and pet-sitting services that focus on matching sitters and homeowners who provide free accommodation in exchange for pet care. PetBacker, on the other hand, offers a platform for a variety of pet services, including boarding, walking, and grooming. Additionally, as more people seek pet boarding, senior pet care, and ongoing medical care, demand for customized pet sitting services is also increasing. Pet sitters can benefit from these opportunities by offering specialized services that target specific pet owner demographics.
Highlights of the Pet Sitting Market Report
- Based on service type, the home care segment leads the market with the highest revenue share of 57.03% in 2023 and is expected to grow at the fastest CAGR of 11.51% during the forecast period. Pet owners prefer trained staff who can provide long-term care, ensure their pet’s health, administer medications, maintain daily routines, and foster a sense of security and bonding. These factors have increased the market share of home-visit nursing care.
- Based on pet type, the dog segment led the market with the highest revenue share of 83.16% in 2023.
- North America dominated the market with a revenue share of 37.86% in 2023. The region is expected to maintain its dominant position and continue its steady growth during the forecast period. This growth is being driven by factors such as increased pet ownership, increased spending on pets, and increased interest in pet health and well-being.
- India is expected to drive the growth of the pet market within the Asia Pacific region due to the increasing number of pet owners and increasing spending on pets, resulting in increased demand for pet care services, including pet sitting. I am.
Key attributes:
| report attributes | detail |
| number of pages | 130 |
| Forecast period | 2023-2030 |
| Estimated market value in 2023 (USD) | $2.38 billion |
| Projected market value to 2030 (USD) | $5.14 billion |
| compound annual growth rate | 11.7% |
| Target area | global |
Main topics covered:
Chapter 1 Methodology and Scope
Chapter 2 Summary
2.1. Market outlook
2.2. Segment outlook
2.3. Competitive Insights
Chapter 3 Outlook for the pet sitting industry
3.1. Market system outlook
3.2. Market trends
3.2.1. Analysis of market drivers
3.2.1.1. Increased spending on pets
3.2.1.2. The growing humanization of pets
3.2.1.3. Expansion of pet services accelerates
3.2.1.4. Increased adoption of subscription-based pet services
3.2.2. Market restraint analysis
3.2.2.1. Rising pet care costs
3.2.2.2. Abandoned pets
3.2.3. Market opportunity analysis
3.2.4. Analysis of market issues
3.3. Pet sitting market analysis tools
3.3.1. Industry Analysis – Porters
3.3.2. PESTEL analysis
3.3.3. Business plan analysis (STP analysis)
3.3.4. Consumer trends and preferences
3.3.5. Service price analysis
3.3.6. Price analysis
3.3.7. Estimated pet population by major species and major countries, 2023
3.3.8. Impact analysis of the new coronavirus infection
Chapter 4 Pet sitter market: Pet type estimation and trend analysis
4.1. Segment Dashboard
4.2. Global Pet Sitter Market: Pet Type Behavior Analysis
4.3. Global Pet Sitter Market Size and Trend Analysis, by Pet Type, 2018 to 2030 (US$ Million)
4.4. Dog
4.5. Cat
Chapter 5 Pet sitter market: Service type estimation and trend analysis
5.1. Segment Dashboard
5.2. Global pet sitting market: Trend analysis of service types
5.3. Global Pet Sitter Market Size and Trend Analysis, by Service Type, 2018-2030 ($ Million)
5.3.1. Visiting nursing care
5.3.2. Drop-in visits
Chapter 6 Pet Sitting Market: Regional Estimates and Trend Analysis
Chapter 7 Competitive Environment
- rover location
- Pet at Home Co., Ltd.
- Wow!Group Co., Ltd.
- pet backer
- Care Guide Co., Ltd.
- fetch!pet care
- holidog.com
- Petsmart LLC
- dogtopia enterprise
- Swift Co., Ltd.
For more information on this report, please visit https://www.researchandmarkets.com/r/qzhkh2.
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source of international market research reports and market data. We provide the latest data on international and regional markets, key industries, top companies, new products and latest trends.
-
Global pet sitting market
