As per the latest report from Future Market Insights, the global pet daycare market, valued at approximately USD 3.74 billion in 2022, has shown significant growth and is projected to continue expanding at a compound annual growth rate (CAGR) of 8.1%, reaching an estimated USD 8.84 billion by 2033.
Growing Demand Driven by Changing Lifestyles
The demand for pet daycare services has surged, particularly in response to changing lifestyles of pet owners. With increasing working hours and greater disposable income, pet owners are increasingly turning to daycare services to ensure their pets receive proper care while they are at work. Additionally, the rise in pet humanization—the practice of treating pets as family members—has further fueled the demand for high-quality pet care services.
The pet daycare market has benefited from the rising prevalence of mental health concerns, with many pet owners turning to pets for companionship and emotional support. Studies have shown that pet ownership can help alleviate symptoms of depression and anxiety, increasing the need for services that ensure pets are well cared for.
Key Drivers of Market Growth
- Rising pet humanization culture: Pet owners are increasingly treating pets as family members, contributing to the growing demand for daycare services.
- Increase in disposable income: More pet owners can now afford premium daycare services.
- Busy lifestyles: With longer working hours, pet owners need reliable daycare services for their pets.
- Health concerns: Pet daycare services help address health issues like obesity, which are becoming more common among pets.
Challenges in the Market
While the pet daycare market is booming, there are challenges, including the need for highly skilled staff to ensure pets are properly cared for. There are also concerns about the specific needs of certain dog breeds, which may not be fully met in a daycare setting due to climate, temperature, and space limitations.
Regional Insights
- United States: The U.S. leads the market with a 35.5% share, driven by growing pet ownership and technological innovations.
- China: China is projected to grow at a CAGR of 9.6% from 2023 to 2033, fueled by economic development and increasing pet adoption.
- Germany: Germany dominates Europe with a significant share, supported by a large pet-owning population and strong economic factors.
- United Kingdom: The UK is expected to grow at a CAGR of 7.2% during the forecast period.
- India: India is anticipated to experience a robust CAGR of 10.3% due to rapid urbanization and rising disposable incomes.
- Australia: Australia’s market share is increasing as pet ownership rises in response to changing lifestyles.
Key Companies Profiled
- PACo LLC
- Carey Pet and Home Care
- Best Friends Pet Care Inc
- Camp Bow Wow
- Dogtopia
- Preppy Pet
- Royvon Dog Training & Hotels
- Barkefellers
- Country Paws Boarding
- Puss ‘n’ Boots Boarding Cattery
- Urban Tails Pet Resort
- Camp Run-A-Mutt
- Pet Station Kennels & Cattery
Get Connected with Our Expert Analyst on Email: sales@futuremarketinsights.com
Market Segmentation
By Service Type:
- Group Play Sessions
- Exercise
- Poolside
- Grooming
- Veterinary
- Others
By Animal Type:
- Dogs
- Cats
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- The Middle East and Africa
- Europe
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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