Pet Daycare Market is Projected to Reach US 6t

Pet Daycare Market is Projected to Reach US$ 6.7 Billion
by 2032| FMI

The pet
daycare care market is valued at US$
3.7 Billion in 2022. Sales are projected to increase at an 8% CAGR during the forecast
period, with the market size reaching US$
6.7 Billion by 2032.

The rising pet humanization culture has increased the demand
for pet daycare services. Humans have regarded their pets as their friends and
family members. Also, they prefer to raise them with the best. With various pet
organizations working on enhancing the lives of pets, governments are also
spending on animal well-being.

Moreover, there have been rising cases of depression and
anxiety in recent times. To deal with these psychologists believe that adopting
pets is an effective way to deal with such psychological issues. With the
increase in working hours, people hardly get time to take proper care of their
pets. Therefore, they turn to pet daycare to avail their services. This is as
well is expected to increase the demand for pet daycare.

Moreover, certain conditions like obesity, health getting
regularly affected, etc., because pets have a hard time. Pet owners often rely
on pet daycare specialists to deal with the above situations effectively.

Another vital factor that has positively impacted the pet
daycare market trends is the increase in disposable income. A decade back,
availing of this facility was something that pet owners had to ponder upon
unless it was a necessity.

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.

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.

Key Companies Profiled

• PACo
  LLC


• Carey
  Pet and Home Care


• Best
  Friends Pet Care Inc.


• Camp
  Bow Wow


• Dogtopia


• Preppy
  Pet


• Paradise
  4 Paws LLC


• Preppy
  Pet Franchises Inc.


• Country
  Comfort Kennels


• PetBacker


• PetSmart
  Inc.

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

What Are Some Of The Existing Trends In The Pet Daycare
Market?

New products with improved abilities backed by research and
innovation help key manufacturers involved in pet daycare to extend their
global value. Smart technologies also contribute to the easy grooming of pets.
They ensure pet security; hence, they are globally popular in the pet daycare
market.

Various new technologies are appointment scheduling apps
with veterinary doctors and applications that give orders to pets such as
sitting, running, sleeping, eating, walking, etc. These advanced technologies
also provide various fun activities and other entertainment for pets.

To know more:

https://www.futuremarketinsights.com/reports/pet-daycare-market