As per the recently released data by Future Market Insights, the net worth of the pet daycare business globally was nearly USD 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 USD 4.06 billion. Furthermore, it is projected to reach USD 8.84 billion by 2033, registering a CAGR of 8.1% from 2023 to 2033.
The share of this market in its parent market (pet care market) is around 1 to 2%. An increase in the working hours of pet owners, along with an upsurge in disposable income, is expected to drive the demand for pet daycare during the forecast period.
| Report Attributes or Data Points | Details |
|---|---|
| Global Pet Daycare Market Valuation in 2022 | USD 3.74 billion |
| Estimated Global Market Share in 2023 | USD 4.06 billion |
| Forecasted Global Market Size by 2033 | USD 8.84 billion |
| Projected Global Market Growth Rate from 2023 to 2033 | 8.1% CAGR |
| Historical Market Growth Rate from 2018 to 2022 | 7.3% |
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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.
There has been an introduction of pet walkers, bathing services, and pet body washers interested more people in daycare services. All this is anticipated to expand the market share. 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 need more time to properly care for their pets. Therefore, they turn to pet daycare to avail of their services. This is as well is expected to increase the demand for pet daycare.
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 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.
Pets in daycares need skilled trainers. A qualified trainer can ensure the situation runs smoothly. Because of this, all the animals might become aggressive, which might not fulfill the purpose of claiming the service.
Certain breeds of dogs can be healthy under certain conditions like temperature and climate. All these may not be guaranteed at a pet daycare. This is something that can be a drawback of pet daycares.
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New products with improved abilities backed by research and innovation help key manufacturers involved in pet daycare to extend their global value. Smart technologies also contribute to the easy grooming of pets. They ensure pet security; hence, they are globally popular in the market.
Various new technologies are appointment scheduling apps with veterinary doctors and applications that give orders to pets such as sitting, running, sleeping, eating, walking, etc. These advanced technologies also provide various fun activities and other entertainment for pets.
China May Emerge as a Massive Market for the Pet Daycare Products in the Coming Years.
China is projected to witness a substantial CAGR of 9.6% during the forecast period. The regional market is anticipated to witness decent progress owing to the rapid economic development, which is expected to boost customer expenditure on pet daycare products.
The main reason for these regions to have high sales is a reasonable pet adoption rate. Due to the sufficient availability of raw materials and low labor costs, the manufacturers can produce the products at much lower rates than manufacturers of other regions.
| Regional Market Comparison | Global Market Share in Percentage |
|---|---|
| United States | 35.5% |
| Germany | 8.6% |
| Japan | 5.8% |
| Australia | 2.5% |
The United States is Leading in Terms of Market Share Globally
The United States has dominated the global market with a share of 89.1%. This is attributed to reasons such as an increase in pet owners and growing awareness about pet grooming services. The increasing prevalence of technology amazed pet owners leading to technological innovation in pet daycare products.
Premiumization is a crucial factor driving pet daycare product sales in the United States. Most pet parents prefer high-quality products and services for their pets to maintain their health and hygiene.
In Europe, Germany is Dominating the Market for Pet Daycare Services
The considerable market share is due to Germany being a top-tier economy in Europe.
A vast population base in Germany is willing to expend a significant sum of money on pet daycare products and services. Furthermore, the rising presence of zoonotic diseases increased the demand for pet care services.
The country aims to innovate and improve pets´ wellness, nonetheless offering improved accessibility to consumers, thus contributing to the market's growth. Hence, these factors are projected to boost market growth positively in the forecast years.
| Regional Markets | CAGR (2023 to 2033) |
|---|---|
| United Kingdom | 7.2% |
| China | 9.6% |
| India | 10.3% |
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North America is currently the leading market; during the forecast period, it is also expected to be vast. A busy lifestyle, coupled with increasing cases of psychological issues, is expected to be the key market driver of the market in the region.
The busy lifestyle is something which, apart from having fun with the pet, doesn’t give the luxury of time to take care of it. Because of this, pet owners opt for pet daycare services in North America.
| Regional Market Comparison | North America |
|---|---|
| Global Market Share in Percentage | 39.4% |
| Regional Market Comparison | Europe |
|---|---|
| Global Market Share in Percentage | 28.3% |
Europe is currently one of the most important markets for the pet daycare industry, and during the forecast period, the European market is also expected to grow.
In Europe as well, people are leading a rather busy lifestyle because of which they are hardly able to take care of their pets. Moreover, the disposable income of people in this region is quite high. This allows pet owners to claim the service without worrying much about the price.
The Asia Pacific is currently the market where maximum developments are taking place. Owing to these developments, the region is expected to be the fastest-growing market during the forecast period.
Firstly, owing to rapid urbanization in this region, there has been an increase in disposable income, which has allowed people to avail of these services. Moreover, Internet penetration has taken place at a very fast rate, which has allowed pet daycare businesses to expand through online mode.
Group Play Sessions are the Most Preferred Service Type in the Market.
The reason being these sessions allow the people involved to focus on all the pets at one time. Moreover, group play sessions also allow the pets to be active because pets don’t suffer from obesity. This is especially helpful for those who own more than one pet. This keeps the pet animals in a happy state of mind which is essential for pets and is quite relieving for the pet owners as well.
| Category | By Service Type |
|---|---|
| Top Segment | Group Play Session |
| Market Share in Percentage | 28.6% |
| Category | By Animal Type |
|---|---|
| Top Segment | Dogs |
| Market Share in Percentage | 74.5% |
Dogs are Easy to Access and Have Features that Interest Humans
Dogs are the most preferred animals because of their easy teaching, human-friendly, and loyal character. They are also used as guards by the police and army for their various characteristics, like courage and loyalty. Nearly one-third of the pet population consists of dogs, followed by cats. Among the countries, China is leading in dogs population as pets.
With love for pets increasing across the globe and more and more people looking for ways to deal with stress, the start-up ecosystem of the market is taking every possible step to take care of pets.
One such start-up is Waggle. As such, the focus of these start-ups is to help pet owners find an ideal place for their pets to dwell while traveling. These companies allow pet parents to find safe and pet-friendly homes in the areas they are visiting. Careful vetting ensures that only genuine pet lovers with sufficient knowledge of pet care are shortlisted.
Some prominent 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 it may open a second San Antonio location on the city's far Northwest side.
In 2019, PetBacker started providing guilt-free tours to pet parents, which may arrange a fast online booking for cage-free pet boarding. This initiative was a collaboration with Uber and Airbnb.
The United States, Germany, and Japan dominate the global market.
The market is forecast to register a CAGR of 8.1% through 2033.
From 2018 to 2022, the market expanded at a CAGR of 7.3%.
The adoption of smart pet grooming technologies disrupts the current market trends.
The global market size is expected to be worth USD 8.84 billion by 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Service Type 5.1. Group Play Sessions 5.2. Exercise 5.3. Poolside 5.4. Grooming 5.5. Veterinary 5.6. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Animal Type 6.1. Dogs 6.2. Cats 6.3. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. PACo LLC 17.2. Carey Pet and Home Care 17.3. Best Friends Pet Care Inc 17.4. Camp Bow Wow 17.5. Dogtopia 17.6. Preppy Pet 17.7. Royvon Dog Training & Hotels 17.8. Barkefellers 17.9. Country Paws Boarding 17.10. Puss 'n' Boots Boarding Cattery 17.11. Urban Tails Pet Resort 17.12. Camp Run-A-Mutt 17.13. Pet Station Kennels & Cattery 17.14. Paradise 4 Paws LLC 17.15. Preppy Pet Franchises Inc. 17.16. Country Comfort Kennels 17.17. PetBacker 17.18. PetSmart Inc. 18. Assumptions & Acronyms Used 19. Research Methodology
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Pet Daycare Market
