Global Pet Sitting Market Grows Steadily at a CAGR of 9.56%.

Introduction

The global pet sitting market size was valued at USD 2.38 billion in 2021. It is projected to reach USD 5.41 billion by 2030, growing at a CAGR of 9.56% during the forecast period (2022–2030).

Pet sitting is the temporary care of another person's animal companion for a predetermined period, usually at the pet owner's residence but occasionally at the service provider's location. Consumers are spending more money on their pets and the associated services, which is fueled the expansion of the pet sitting industry. In recent years, the global market for pets has expanded at a significant rate. This trend results from an increase in the adoption of pets and expenditures on animal health in numerous countries.

Market Dynamics

Increasing Adoption of Pets and Increased Penetration among Millennials Drives the Global Market

People spend more on their pets' health because they consider them family members and are willing to make the financial commitment. As a result, the cost of caring for pets has increased. Since many nations have a high rate of pet adoption and expenditures on animal care, the pet market has grown substantially over time. With the increasing number of pet parents millennials, there is a greater demand for high-end pet care services that are also practical and dependable. According to the American Pet Products Association, millennials are the largest group of pet owners across all pet types, particularly for birds, small exotic animals, and saltwater fish. The demand for pet sitting is increasing due to an increase in pet ownership, an increase in international leisure travel, and an increase in expenditures on animal welfare.

Regional Analysis

North America dominates the marketplace due to factors such as an increase in pet ownership and increased awareness of pet grooming services. The rise of tech-savvy millennial pet owners encourages technological progress in the pet sitting industry. Asia-Pacific is predicted to have the highest CAGR during the forecast period.

Key Highlights

• The global pet sitting market was valued at USD 2.38 billion in 2021. It is projected to reach USD 5.41 billion by 2030, growing at a CAGR of 9.56% during the forecast period (2022–2030).
• Based on application, the market is divided into daycare visits, dog walking, pet transportation, and others. Daycare visits will dominate the market in terms of revenue during the forecast period.
• Based on pet type, the market is categorized into dogs, cats, fish, cage pets, and others. The dog segment dominates the market and is anticipated to grow at the highest CAGR during the forecast period.
• North America dominates the global pet-sitting market.

Competitive Players

1. PetBacker
2. PetSmart LLC
3. Swifto Inc.
4. Fetch Pet Care
5. Pets at Home, Inc.
6. Careguide Inc.
7. Ancol Pet Products Limited
8. Chicago Dog Walkers
9. Best Friends Pet Care
10. Camp Bow Wow
11. PetSmart LLC
12. Dogtopia Enterprises
13. Swifto Inc.

Recent Developments

Recent Developments

• April 2024- Swiggy introduced its most recent employee program, the Swiggy "Paw-ternity" Policy. The policy is designed to offer extensive support to employees who own pets, with the goal of recognizing and appreciating their dedication to taking care of their beloved animals.
• May 2024- Wagmo, the leading supplier of employer-based pet wellness plans, and Rover, the largest online marketplace for pet care, have declared a strategic collaboration. The agreement seeks to expand discounted access to top-tier pet care services offered on the Rover platform to specific Wagmo partner firms and their employees.

Segmentation

1. By Pet Type
   1. Dogs
   2. Cats
   3. Other pet types
2. By Application
   1. Drop-in-visits
   2. Care Visits