The pet daycare market is a tail-wagging success story, projected to reach a pawsome US$ 8.84 billion by 2033 with a phenomenal CAGR of 8.1%. Decision-makers in the pet care industry, this is your chance to become a furry friend’s hero. Here’s why you should join the pack:
A Booming Industry Fueled by Busy Lives & Devoted Pet Parents:
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Working Woof Woofs & Meows Meow Meow: With longer working hours, pet owners need daycare solutions to ensure their furry companions are well-cared for during the day.
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More Money, More Pampering: Rising disposable income allows pet parents to invest in enriching experiences like pet daycare for their beloved companions.
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Pets as Family: The trend of pet humanization is on the rise, with owners viewing pets as family and prioritizing their well-being.
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Beyond Basic Care: A Holistic Approach to Pet Wellness:
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From Walks to Washes: Pet daycare goes beyond just supervision, offering services like walks, bathing, and grooming, catering to all pet needs.
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Combating Mental Health Woes Through Wags and Purrs: Owning a pet can combat depression and anxiety. Pet daycare provides essential pet socialization, enhancing their mental well-being.
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Addressing Pet Health Issues: Pet daycare specialists can identify potential health issues like obesity in your pet and offer solutions for a healthier life.
A Decision-Maker’s Guide to Fetching Success:
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Focus on Enrichment & Care: Design enriching daycare programs with playtime, socialization, and personalized care for each pet.
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Cater to Busy Schedules: Offer flexible drop-off and pick-up times to accommodate busy pet parents.
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Invest in Expertise: Hire and train qualified staff who understand pet behavior and can provide exceptional care.
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Embrace Technology: Develop mobile apps for easy booking, pet progress updates, and communication with pet parents.
The pet daycare market is a goldmine for businesses catering to the well-being and happiness of furry friends. By prioritizing enrichment, care, and convenience, your brand can become a trusted partner for pet parents and a leader in this rapidly growing market.
Thus, based on the study conducted by the Future Market Insights research team, “Increase in the working hours of the pet owners along with upsurge in the disposable income is expected to drive the demand for pet daycare during the forecast period.”
Key Takeaways
- The valuation of pet daycare market as on 2022 is US$ 3.7 billion.
- The expected valuation of pet daycare market in 2032 is US$ 6.7 billion.
- The anticipated CAGR during the forecast period is 8%.
- Based on the animal type, dogs occupy the largest chunk of market.
- The Group plays sessions are the most preferred service type in the pet daycare market.
- Based on the country wise insights, USA has the largest market share.
- North America has the largest market share based on the regional insights.
- Asia-Pacific is all set to be the fastest growing pet daycare market based on regional analysis.
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Key Companies Profiled
- PACo LLC
- Carey Pet and Home Care
- Best Friends Pet Care Inc
- Camp Bow Wow
- Dogtopia
- Preppy Pet
- Royvon Dog Training & Hotels
- Barkefellers
- Country Paws Boarding
- Puss ‘n’ Boots Boarding Cattery
- Urban Tails Pet Resort
- Camp Run-A-Mutt
- Pet Station Kennels & Cattery
- Paradise 4 Paws LLC
- Preppy Pet Franchises Inc.
- Country Comfort Kennels
- PetBacker
- PetSmart Inc.
Competitive Landscape
Some of the major 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 that it would open second San Antonio location om city’s far Northwest side.
- In 2019, PetBacker started providing guilt-free tours to the pet parents which will arrange a fast online booking for cage-free pet boarding. This initiative was a collaboration with Uber and Airbnb.
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Market Segmentation
By Service Type:
- Group Play Sessions
- Exercise
- Poolside DayCare
- Grooming
- Veterinary
- Others
By Animal Type:
- Dogs
- Cats
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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