Pet Service Market to Reach $42 Billion by 2030, with a 8% CAGR, Driven by Rising Pet Ownership and Demand for Specialized Services

The global Pet Service Market size is projected to reach USD 42 billion by 2030, with a CAGR of 8%, driven by increasing pet ownership and the growing demand for specialized pet services. Next Move Strategy Consulting, a leading authority in market analysis and trends, unveils its latest insights into the evolving dynamics of the pet service industry.

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Market Overview

The pet service market encompasses a wide range of services aimed at enhancing the well-being of pets, including grooming, boarding, training, pet sitting, and veterinary care. These services are essential for maintaining the health, hygiene, and overall quality of life of pets.

Key Drivers of Market Growth

1. Increasing Pet Ownership: The growing trend of pet ownership, especially among millennials and Gen Z, is driving demand for various pet services.
2. Humanization of Pets: Pets are increasingly being treated as family members, leading to higher spending on premium and specialized services.
3. Busy Lifestyles: With busy work schedules, pet owners are seeking convenient and reliable services such as pet sitting, boarding, and daycare.
4. Health and Wellness Focus: Rising awareness about pet health and wellness is boosting demand for services like grooming, veterinary care, and fitness training.
5. Technological Advancements: The integration of technology, such as pet service apps and online booking platforms, is making it easier for pet owners to access and book services.

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Market Key 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

Regional Insights

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.

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.

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 platforms and new services to remain dominant in the market.

Future Outlook

The Pet Service Market is expected to experience continued growth driven by rising pet ownership, increased spending on pet care, and expanding awareness about pet health and wellness. Technological advancements and the development of new, specialized services will also play a significant role in shaping future market trends.

Also, Browse Related Reports:

• Pet Clothing Market Forecasted to Hit USD 9 Billion by 2030 with a CAGR of 5%
• Pet Care Robots Market Expected to Reach USD 4 Billion by 2030 with a CAGR of 11%
• Animal Health Market Projected to Reach USD 74 Billion by 2030 with a CAGR of 8%

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