PUBLISHER: Grand View Research | PRODUCT CODE: 1587847
PUBLISHER: Grand View Research | PRODUCT CODE: 1587847
The Europe funeral products and services market size is expected to reach USD 21.08 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 5.2% from 2025 to 2030. One of the major factors contributing to market growth is the rising demand for sustainable & eco-friendly funerals and technological advancements. Digital platforms provide an opportunity to offer more personalized funeral services. Families can create custom memorial websites, virtual guestbooks, and even live-stream funeral services, enabling participation from loved ones across the globe. This increasing demand for tailored services has driven companies to offer more flexible, tech-driven products and services. In addition, digital platforms provide an opportunity to offer more personalized funeral services. This increasing demand for tailored services has driven companies to offer more flexible, tech-driven products and services.
Furthermore, cremation practices are also evolving. Bio-cremation (or water cremation) is an alternative process that uses water and alkaline solutions to break down the body, which consumes less energy and produces fewer emissions than traditional cremation. For instance, in October 2023, Ireland emerged as the first European country to introduce water cremation, a novel burial method. The growing acceptance of such practices creates new opportunities for funeral homes and service providers to expand their offerings.
Moreover, pre-need planning services are expected to create significant growth opportunities for funeral products and services as they offer individuals the ability to arrange and pay for their funerals in advance. This proactive approach to funeral planning allows consumers to make personalized decisions regarding their final arrangements, often selecting specific products and services that they want, such as the type of coffin, burial or cremation preferences, and even the details of the memorial ceremony.