Pet Service Market Size

Statistics for the 2023 & 2024 Pet Service market size, created by Mordor Intelligence™ Industry Reports. Pet Service size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Pet Service Industry

Single User License
Team License
Corporate License
Book before:
Pet Service Market Summary
share button
Study Period 2019 - 2029
Market Size (2024) USD 24.27 Billion
Market Size (2029) USD 31.57 Billion
CAGR (2024 - 2029) 5.40 %
Fastest Growing Market Asia-Pacific
Largest Market North America

Major Players

Pet Service Market Major Players

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

OFF

Team License

OFF

Corporate License

OFF
Book before:

Pet Services Market Analysis

The Pet Service Market size is estimated at USD 24.27 billion in 2024, and is expected to reach USD 31.57 billion by 2029, growing at a CAGR of 5.40% during the forecast period (2024-2029).

  • The recent rise in pet humanization, wherein pets are treated with utmost care and hygiene, is proving to be a major driver for the market and is leading to the development of the pet service industry. Being the largest pet market in North America, the United States pet food market's growth is attributed to the increase in pet ownership. According to the 2021-2022 National Pet Owners Survey conducted by the American Pet Products Association (APPA), 70% of US households, or about 90.5 million families, own a pet. Total pet industry expenditures in the United States totaled USD 123.6 billion in 2021, up by 19% from USD 103.6 billion in 2020.
  • Although North America and Europe are some of the most dominant regions, countries in Asia-Pacific, such as Australia, are also witnessing an increase in the adoption of pets. The increasing popularity of pet services among pet owners is expected to have a positive impact on the market and contribute to its growth significantly over the forecast period. Some pet owners, especially affluent ones, are notably particular about representing their lifestyles by spending on comfortable and luxurious products for their pets. This is encouraging many market competitors to launch numerous products in the grooming segment. The pet services include pet sitting, pet grooming, pet traveling, pet training, pet hotels, and customized subscription boxes for the pet.
  • The demand for professional pet grooming centers is also leading to the growth of the market, as they aid in facilitating healthy skin and fur for the pet and decrease the risk of infection. However, factors such as low income in developing countries and lack of knowledge in pet handling may hamper the growth of the market during the forecast period.
  • In short, the increasing pet fashion among pet owners, increasing demand for pet grooming centers, and increase in the development of smart technology in pet grooming are anticipated to drive the growth of the market during the forecast period.

Pet Services Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)