The United States holds an overwhelming 89.1% share in the global Pet Daycare Market and this dominance is fueled by several factors. One of the main drivers is the rising number of pet owners in the country, coupled with an increasing awareness about the importance of pet grooming services. As pet owners become more conscious of their pets’ well-being, there has been a surge in demand for innovative products that cater to their needs.
Technological advancements have played a significant role in revolutionizing the pet daycare industry in the US. Pet owners are increasingly amazed by the integration of technology into pet daycare products, leading to innovative solutions that enhance their pets’ care and comfort.
Moreover, premiumization has emerged as a crucial trend shaping pet daycare product sales in the United States. Pet parents prioritize the well-being of their beloved animals and are willing to invest in high-quality products and services that ensure their pets’ health and hygiene. As a result, the market for premium pet daycare products is thriving, and manufacturers are continuously striving to meet the growing demands of discerning pet owners.
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The pet daycare care market is expected to reach at a US$ 3.74 billion in 2022. In the current year, 2023, the total demand for pet daycare services, in terms of value, is estimated to be around US$ 4.06 billion. Furthermore, it is projected to reach US$ 8.84 billion by 2033, registering a CAGR of 8.1% from 2023 to 2033.
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.
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, 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.
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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.”
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.
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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