According to a new report, published by KBV research, The Global Pet Funeral Services Market size is expected to reach $3.6 billion by 2031, rising at a market growth of 11.2% CAGR during the forecast period.
The Cremation segment is leading the Global Pet Funeral Services Market by Type in 2023; thereby, achieving a market value of $2.9 billion by 2031. Pet owners increasingly prefer cremation due to its affordability, convenience, and the ability to retain a portion of the pet’s ashes in a memorial item, such as an urn or keepsake. The growing awareness of eco-friendly and space-saving solutions also drives this trend. Cremation services offer flexibility with individual or communal cremation options, further appealing to pet owners looking for personalized farewell arrangements.
The Cats segment registers a CAGR of 11.3% during (2024 - 2031). Cats are also beloved companions, and many pet owners wish to give them a dignified farewell after they pass. Although slightly lower than the dog segment, the cat segment shows a strong demand for funeral services due to the rising awareness of pet memorialization options. The trend toward personalized cremation and burial services for cats is growing as more cat owners seek meaningful ways to remember their pets.
Full Report: https://www.kbvresearch.com/pet-funeral-services-market/
The North America market dominated the Global Pet Funeral Services Market by Region in 2023; thereby, achieving a market value of $1.2 billion by 2031. The Europe region is poised to grow at a CAGR of 10.8% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 11.8% during (2024 - 2031).
By Type
By Pet Type
Unique Offerings 
