PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1529523
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1529523
The pet sitting market is estimated to be valued at USD 2.41 Bn in 2024 and is expected to reach USD 5.35 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 12.1% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 2.41 Bn |
Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 12.10% | 2031 Value Projection: | US$ 5.35 Bn |
The pet sitting market has seen substantial growth over the past decade. As more individuals now own pets, particularly dogs and cats, and dual income households have become commonplace, there exists a need for pet care services when owners are away. Pet sitting services help address this need by providing in-home care and walking/playing with pets during the owner's absence. This includes basic care like feeding, exercising and companion commitments. The personal attention and quality time spent with pets helps reduce stress for both owners and pets. With increasing pet ownership and demand for reliable pet care, the pet sitting market is well-positioned for continued expansion.
The pet sitting market is driven by factors like rapid urbanization leading to nuclear family structures, rising disposable incomes, and greater recognition of pets' welfare needs. However, availability of other pet boarding options and reliance of some owners on family/friends for pet care provides restraints. Opportunities lie in growth of multi-pet households, awareness of professional services, and expanding ecommerce platforms for service booking. The market faces challenge from the preferences of some owners to care for pets themselves and concerns around trusting strangers with pets. Nonetheless, deeper customer understanding and emphasis on certification is likely to address barriers.
Detailed Segmentation-