Pet Sitting Market

Market Overview

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 involves temporarily caring for an animal companion for a set period, usually at the pet owner's home but occasionally at the service provider's place of business. Consumers are spending more money on their pets and the associated services, increasing the demand for time-saving pet care services.

The growing number of people owning pets is another factor driving up demand for pet sitting services, particularly in the United States and other parts of Europe. The global pet market has been expanding significantly because many nations have experienced an increase in the adoption of pets and expenditures on animal health.

Market Dynamics

Market Drivers

• Increasing Adoption of Pets

People are spending more money on the welfare of their pets because they consider them as members of their families and are willing to spend to keep them in good health. As a result, pet care has become more expensive. Since many nations have seen a high rate of pet adoption and animal care spending, the pet market has expanded significantly during the forecast period.

• Growing Penetration among Millennials

The demand for sophisticated pet care services at practical and dependable levels has increased with the penetration of millennials in the pet parent category. According to the American Pet Products Association, millennials comprise the largest group of pet owners across all pet types, particularly birds, small exotic animals, and saltwater fish. The demand for pet sitting is rising due to an increase in pet ownership, leisure travelers around the world, and rising spending on animal welfare. Consequently, the range of time and money-saving pet services for pet owners has increased due to rising spending on animals and their welfare.

Market Restraint

• High Cost of Prime-Quality Pet Care Services

The high cost of high-quality pet care solutions is expected to discourage people with lower incomes. In addition, it is anticipated that the unknown incidence of animal-borne disorders such as abdominal pain, diarrhea, and others will limit market expansion to some extent. This is because the unsanitary living patterns of pets can spread these illnesses to their owners. In addition, it is anticipated that ambiguous legislation regarding the labeling and promotion of pet care products will reduce businesses' profit margins.

Regional Analysis

The global pet sitting market is segmented into North America, Europe, Asia-Pacific, Central and South America, and the Middle East and Africa.

North America dominates the global pet-sitting market. This is attributed to elements like a rise in pet ownership and rising knowledge of pet grooming services. The rise of millennial pet owners is encouraging technological advancement in the pet sitting industry. The fastest CAGR is predicted to occur in the Asia Pacific. Adopting pet animals by people viewing them as family members has fueled the market's expansion in this area. In nations like China, Indonesia, and India, rising disposable income is causing an increase in pet adoption.

Segmental Analysis

The global pet sitting market analysis is segmented into application and pet type.

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. Some factors anticipated to drive the segment growth include an increase in pet adoption, pet owners' preferences for pet care, and high disposable income. Additionally, expanding the working population across all regions boosts market expansion. Pet transportation is anticipated to grow with the highest CAGR. The millennial generation's workaholic pet parents prefer the expanding support and assistance provided by pet sitting services for pet transportation because of their hectic schedules.

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. This is attributed to the widespread ownership of dogs as pets worldwide, particularly in the United States. Dogs have become the most popular type of pet because more than 470 million dogs are kept as pets worldwide. The cat segment is predicted to grow as around 370 million cats are kept as pets worldwide.