Latest News- Pet Sitting Market: Dogs is expected to lead the Type segment during 2024-2028
The Pet Sitting Market is being driven by Rising pet ownership and increased spending on pets
The Pet Sitting Market is expected to grow at a CAGR of 9.87% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1.57 billion. The global pet sitting market has experienced significant growth, driven in large part by the increasing humanization of pets. This trend, which sees pet owners providing their animals with human-quality products and services, has led to an influx of pet sitting services tailored to meet these demands. Pet humanization, characterized by treating pets as family members, has become a powerful marketing tool for pet sitting businesses, enabling them to expand their customer base and cater to the evolving needs of pet owners.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Type (Dogs, Cats) Service (Care visits, Drop-in visits) Geography (North America, Europe, APAC, Middle East and Africa, South America).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Pet Sitting Market Research Report
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The pet care industry is experiencing significant growth due to increasing pet humanization and pet expenditure. Subscription-based pet services, including pet sitting, grooming, and adoption, are popular choices for pet owners. Pet Sitters International and other professional pet care services offer various types of care visits, such as drop-in visits, for dogs and cats. Animal care expenditure continues to rise, driven by shifting lifestyles and pet ownership trends. Premium pet services and digital platforms are also transforming the industry. Pet welfare regulations ensure reliable care, while trusted caregivers provide personalized attention and professional services. Despite the risk of substitutes, individual pet sitters and community engagement remain crucial for customer base retention.
The pet sitting market is a significant segment of the global specialized consumer services industry, according to Technavio's market research. This sector generates revenue for providers of pet care services, including pet grooming and pet adoption. The global specialized consumer services market encompasses various consumer service providers, such as residential services, home security services, legal services, personal services, renovation and interior design services, consumer auction services, wedding services, and funeral services. Technavio's analysis calculates the market size based on the revenue generated by these specialized service providers, excluding those in the casino and gaming, hotel, resorts, and cruise lines; leisure facilities; restaurants; and education services categories. The pet humanization trend and increasing pet expenditure fuel the growth of the pet sitting market within the specialized consumer services sector.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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