The pet daycare care market is valued at US$ 3.7 Billion in 2022. Sales are projected to increase at an 8% CAGR during the forecast period, with the market size reaching US$ 6.7 Billion by 2032.
The rising pet humanization culture has increased the demand for pet daycare services. Humans have regarded their pets as their friends and family members. Also, they prefer to raise them with the best. With various pet organizations working on enhancing the lives of pets, governments are also spending on animal well-being.
Moreover, there have been rising cases of depression and anxiety in recent times. To deal with these psychologists believe that adopting pets is an effective way to deal with such psychological issues. With the increase in working hours, people hardly get time to take proper care of their pets. Therefore, they turn to pet daycare to avail their services. This is as well is expected to increase the demand for pet daycare.
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Moreover, certain conditions like obesity, health getting regularly affected, etc., because pets have a hard time. Pet owners often rely on pet daycare specialists to deal with the above situations effectively.
Another vital factor that has positively impacted the pet daycare market trends is the increase in disposable income. A decade back, availing of this facility was something that pet owners had to ponder upon unless it was a necessity.
Thus, based on the study conducted by the Future Market Insights research team, “Increase in the working hours of the pet owners along with upsurge in the disposable income is expected to drive the demand for pet daycare during the forecast period.”
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Key Takeaways
- The valuation of pet daycare market as on 2022 is US$ 3.7 billion.
- The expected valuation of pet daycare market in 2032 is US$ 6.7 billion.
- The anticipated CAGR during the forecast period is 8%.
- Based on the animal type, dogs occupy the largest chunk of market.
- The Group plays sessions are the most preferred service type in the pet daycare market.
- Based on the country wise insights, USA has the largest market share.
- North America has the largest market share based on the regional insights.
- Asia-Pacific is all set to be the fastest growing pet daycare market based on regional analysis.
Competitive Landscape
Some of the major companies are involved in several strategies such as collaborations, mergers, and acquisitions to maintain their market position. Moreover, they are expanding their presence and are opening many more pet care facilities across the globe.
For Instance:
- In July 2022, Dogtopia announced that it would open second San Antonio location om city’s far Northwest side.
- In 2019, PetBacker started providing guilt-free tours to the pet parents which will arrange a fast online booking for cage-free pet boarding. This initiative was a collaboration with Uber and Airbnb.
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Key Companies Profiled
- PACo LLC
- Carey Pet and Home Care
- Best Friends Pet Care Inc.
- Camp Bow Wow
- Dogtopia
- Preppy Pet
- Paradise 4 Paws LLC
- Preppy Pet Franchises Inc.
- Country Comfort Kennels
- PetBacker
- PetSmart Inc.
Market Segmentation
By Service Type:
- Group Play Sessions
- Exercise
- Poolside DayCare
- Grooming
- Veterinary
- Others
By Animal Type:
- Dogs
- Cats
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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