Pet Sitting Market Set to Surge: Projected to Reach USD 6.4 Billion by 2032
The global pet sitting market is projected to expand from USD 2.4 billion in 2022 to approximately USD 6.4 billion by 2032, advancing at a compound annual growth rate (CAGR) of 10.50% during the forecast period from 2023 to 2032. This growth is primarily fueled by the increasing trend of pet humanization, where pets are treated more like family members, and the rising pet ownership, particularly among millennials and Generation Z who are more inclined to invest in premium pet services.
Several factors contribute to the robust expansion of the pet sitting market. The market has seen significant development, such as Fetch! Pet Care’s announcement of new franchise opportunities across the U.S. to widen its service scope beyond its existing 130 locations. Such expansions are typical among key market players, enhancing regional growth operations. Services such as drop-in visits have gained popularity for their flexibility and affordability, particularly for pet owners with unpredictable schedules, offering essential care without the need for pet relocation, thus minimizing pet stress.
However, the market faces challenges, including stringent government regulations and the potential for supply chain disruptions, which could hinder growth. Changing consumer preferences and economic downturns also pose risks as consumers may prioritize other financial obligations over pet care services.
The pet sitting market is on an upward trajectory, supported by societal shifts towards greater pet care and technological advancements in service offerings, it must navigate regulatory environments and economic variables that could impact its future growth trajectory.
Key Takeaways
- Market is expected to grow from USD 2.4 billion in 2022 to USD 6.4 billion by 2032, with a CAGR of 10.50%.
- Dogs are the largest market segment at 54.2% in 2022, due to their popularity and extensive service options.
- The cat segment presents substantial opportunities, with cats valued for their companionship roles.
- Care visits are the leading service type, holding a 58.2% market share in 2022, appreciated for their thorough approach.
- Drop-in visits are the fastest-growing service, preferred for their affordability and convenience.
- Dog walking is the top application, indicative of strong demand for consistent and engaging pet activities.
- Increasing pet ownership and the trend of treating pets as family members are major market drivers.
- The cost of high-quality services may restrict market entry for lower-income pet owners.
- The rise of zoonotic diseases is creating new growth opportunities in professional pet care.
- North America dominates the regional market with a 38.5% share, driven by high pet ownership and awareness of pet care needs.
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Pet Sitting Market Key Segments
By Pet Type
- Dogs
- Cats
- Other Pet Types
By Service Type
- Drop-in-Visits
- Care Visits
By Application
- Dog Walking
- Pet Transportation
- Dog Visits
Key Regions
- North America (The US, Canada, Mexico)
- Western Europe (Germany, France, The UK, Spain, Italy, Portugal, Ireland, Austria, Switzerland, Benelux, Nordic, Rest of Western Europe)
- Eastern Europe (Russia, Poland, The Czech Republic, Greece, Rest of Eastern Europe)
- APAC (China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Rest of APAC)
- Latin America (Brazil, Colombia, Chile, Argentina, Costa Rica, Rest of Latin America)
- Middle East & Africa (Algeria, Egypt, Israel, Kuwait, Nigeria, Saudi Arabia, South Africa, Turkey, United Arab Emirates, Rest of MEA)
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Key Players Analysis
PetBacker operates as a global online platform for pet services, including pet sitting, grooming, and walking, available in over 50 countries. It emphasizes safety and trust, providing insurance and ensuring that only 30% of applicants qualify as sitters, thereby ensuring high-quality care. The platform supports diverse services like pet taxi and grooming, alongside its sitting services, making it versatile for pet owners seeking comprehensive pet care solutions.
PetSmart LLC is one of the largest pet retailers in North America, offering a broad range of pet products alongside services such as grooming and training. The company’s involvement in the pet sitting market includes in-store services and partnerships with pet sitters to offer care solutions. PetSmart positions itself as a comprehensive provider for pet owners’ needs, from food to health services, enhancing convenience for customers.
Swifto takes a unique approach by combining technology with personalized pet care, providing GPS-tracked dog walking services that cater to the urban pet owner’s needs. Their services are tailored to ensure reliability and safety, offering real-time updates to pet owners. Swifto’s model focuses on high accountability and customization, appealing to tech-savvy consumers looking for dependable pet care solutions.
Fetch Pet Care offers professional pet sitting and dog walking services across the United States. The company differentiates itself by emphasizing reliability and consistency, providing personal attention through a large network of pet care professionals. Fetch Pet Care’s services include pet sitting, dog walking, and overnight care, all tailored to meet diverse customer needs with a high standard of service.
Pets at Home Inc. is a major player in the UK pet care market, providing products and services that range from pet supplies and grooming to veterinary services. The company also offers pet sitting through its extensive network, ensuring that pet care is integrated with other services for a holistic approach to pet wellness. This integration allows Pets at Home to serve as a one-stop-shop for pet owners, which is particularly appealing in a market where convenience is highly valued.
Pet Sitting Market Key Players:
- PetBacker
- PetSmart LLC
- Swifto Inc.
- Fetch Pet Care
- Pets at Home Inc.
- Careguide Inc.
- Ancol Pet Products Limited
- Chicago Dog Walkers
- Com
- Camp Bow Wow
- Other Key Players
Pet Sitting Market Report Scope >> Market Value (2022): USD 2.4 Billion || Forecast Revenue (2032): USD 6.4 Billion || CAGR (2023-2032): 10.5% || Base Year Estimation: 2023 || Historic Period: 2019-2022 || Forecast Period: 2024-2033.
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