Pet Services Market

The report "Pet Services Market by Service Type (Grooming, Training, Boarding), Animal Type (Cats, Dogs), Delivery Channel (Clinics, Commercial facilities) and Region - Global Forecast to 2027", size is projected to reach USD 193.0 billion by 2027 from USD 124.5 billion in 2022, at a CAGR of 9% during the forecast period.

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Market is driven by factors such as increasing population of companion animals, pet humanization, increasing number of pet owners, and increasing expenditure on pets. However, scarcity of skilled professionals and lack of awareness in developing & underdeveloped economies are expected to restrict market growth.

“The pet boarding segment accounted for the largest market share in the pet services market, by service type, during the forecast period”

The Pet services market is segmented into grooming, training, boarding, transportation, and others (pet finding, portrait & photography, poop scooping, etc.), by service type. In 2021, pet boarding segment accounted for the largest market share in the pet services market, by services type. Return-to-work trend post-COVID leading pet parents to opt for pet daycare, pet sitting, and overnight boarding services are attributed to the market growth.

“The dogs segment accounted for the largest market share in the pet services market, by animal type, during the forecast period”

The Pet services market is segmented into cats, dogs, and others (exotics, small mammals, birds, aquatic animals), by animal type. In 2021, the dogs segment accounted for the largest market share in the pet services market, by animal type. The increasing pet ownership, expenditure on pets, a rise in nuclear households, and increasing adoption of pet insurance are attributed to the market growth.

“North America accounted for the major market share of the pet services market”

The global pet services market is divided into five regions: North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. According to the regional analysis, the North America region is likely to retain a significant market share in 2021 and the future. The presence of key service providers, adoption of various strategic initiatives to increase market penetration, and rising pet expenditure.are some of the factors attributing to the growth of te market in the region.

The major players in the market are Mars, Incorporated, A place for Rover, Inc., Wag Labs, Inc., Highland Canine Training, LLC, Petbacker, Dogtopia Enterprises, Pooch Dog Spa, American Pet Resort, LLC., Pets at Home Group Plc, Pawz and Company.

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