The global pet sitting market size was valued at USD 2.6 billion in 2020 and is expected to reach USD 4.7 billion by 2027 grow at a compound annual growth rate (CAGR) of 8.7% from 2020 to 2027. Increasing spending of consumers on the pet and its services has resulted in a growing need for time-saving pet care services, thus fueling the growth of the pet sitting business.
In addition, the increasing number of pet ownerships among people, particularly across U.S. and European countries, is driving the need for pet support services, thereby propelling demand for pet sitting services. Over the years, the pet market worldwide has been growing at a significant rate as many countries have witnessed a high rate of pet adoption and animal health spending. People are spending more on the welfare of pets as they view them as their family members and are willing to invest their money to maintain the health of the pets. This has led to an increase in the health expenditure for pet care. According to the American Pet Products Association (APPA), USD 69.51 billion was spent on U.S. pets in 2017. This scenario is expected to increase the spending on pet care services, such as grooming, boarding, training, and pet sitting services.
Increasing adoption of pets among consumers is vitalizing the need for increased pet sitting services. According to the American Pet Products Association, pet ownership has increased from 56% to 68% in the last 30 years, resulting into 85 million households having a pet in 2018 in U.S. Moreover, rise in the number of leisure travelers across the world has gained higher prominence for the pet-sitting market. According to the World Tourism Organization, there were 1.4 billion international tourists’ arrivals growing by 6% in 2018, compared to 2017.
In terms of revenue, day-care visits dominated the market with a share of 35.0% in 2019. Rise in the adoption of a pet, growing preference of pet owners for pet care, and high disposable income are some of the factors anticipated to propel the segment growth. Moreover, the rise in the working population across regions provides a boost to market growth. For instance, according to American Pet Products Association’s National Pet Owners Survey 2019-2020, there were 42.7 million households owning a pet cat and 63.4 million households owning pet dogs in the U.S. This scenario increases the need for pet sitting services.
In terms of revenue, the dog segment dominated the market with a share of 37.9% in 2019. This is attributed to a high number of dog pets across the globe, particularly in the U.S. There are over 470 million dogs kept as pets across the globe, thus dogs emerged as the leading pet type in 2018. For instance, according to the Insurance Information Institute, Inc., there were 63.4 million households in the U.S. owning pet dogs in 2019. Moreover, according to the Pet Food Manufacturers Association, there was 9 million pet dog population at around 25% of households in the U.K. in 2018-2019. In 2019, 12 million or 40% of households had pets.
The pet sitting market is segmented on the basis of application, pet type and region. By application the market is divided into Day Care Visits, Dog Walking, Pet Transportation, Others.
North America dominated the market with a share of 43.1% in 2019. This is attributed to factors such as a rise in the number of pet owners and increasing awareness about pet grooming services. According to the American Pet Products Association, approximately 60% of U.S. households owned dogs while 47% owned cats in 2019. Increasing prevalence of tech-savvy millennial pet owners is leading to technological innovation in the pet sitting business. According to Packaged Facts, millennial accounted for 35% of all U.S. pet owners in 2018. Thus, a high proportion of the millennial pet parent category is fueling the demand for advanced pet care services, such as pet sitting business.
Asia Pacific is expected to expand at the fastest CAGR of 9.2% from 2020 to 2027. Rise in the adoption of pet animals among people who consider them family members has boosted the growth of the market in this region. Rising disposable income is leading to the increasing adoption of pets in countries, such as China, Indonesia, and India. The India International Pet Fair estimates that the pet population has grown from 7 million in 2006 to 10 million in 2014 and 600,000 pets are adopted every year. India is projected to have the fastest-growing pet market due to rising adoption rates of pets. This, in turn, drives the demand for various pet care services, such as pet sitting services.
A Place for Rover, Inc.; DogVacay; Holidog.com; G'Day! Pet Care; FETCH! PET CARE, INC.; Swifto Inc.; Chicago Dog Walkers; Best Friends Pet Care; Camp Bow Wow; PetSmart Inc.
Report : Pet Sitting Market - By Application (Day Care Visits, Dog Walking, Pet Transportation, Others) By Pet Type (Dogs, Cats, Fish, Cage Pets, Others) By Regional (North America, Europe, Asia Pacific, Central & South America) - Industry Analysis, Opportunity and Forecast 2020 To 2027