Pet Sitting Global Market Report 2024

The pet sitting market has grown rapidly in recent years. It will grow from $2.67 billion in 2023 to $2.94 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth observed in the historical period within the pet sitting industry can be attributed to several key factors. Firstly, there has been a notable increase in pet ownership rates, reflecting a growing number of households embracing pets as part of their families. This trend has naturally increased the demand for pet care services such as pet sitting.

The pet sitting market is expected to see rapid growth in the next few years. It will grow to $4.37 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The anticipated growth in the upcoming period within the pet sitting industry can be linked to various influential factors. Firstly, increased travel and leisure activities among individuals have historically driven the demand for pet sitting services, and this trend is expected to continue. As people engage more in travel and recreational activities, the need for reliable and quality pet care during their absence is likely to rise.

The burgeoning inclination towards pet care is anticipated to fuel the expansion of the pet-sitting domain. Pet care encapsulates medical attention and overall nurturing for pets, pivotal in enhancing their well-being and alleviating stress. A surge in pet care corresponds to an upswing in the pet sitting sector, as evidenced by statistics from the Insurance Information Institute, Inc., a reputable U.S.-based industry association specializing in data-driven insurance insights. In the U.S., the count of insured pets in 2021 reached approximately 3.9 million, marking a substantial 28 percent rise from 2020. Concurrently, expenditures within the U.S. pet industry surged from $103.6 billion in 2020 to $123.6 billion in 2021. This surge in pet care distinctly propels the continuous growth trajectory of the pet-sitting market.

The escalating trend of pet humanization is anticipated to be a catalyst for the pet-sitting market's expansion in forthcoming years. Pet humanization reflects the growing inclination to treat pets as integral family members, affording them analogous care, attention, and consideration as human kin. Pet-sitting services are aligning with this trend, fostering human-such as connections with pet owners through regular updates, images, and videos of pets under their care. Notably, data from the CO by the U.S. Chamber of Commerce, a prominent digital platform for small businesses, revealed that Americans spent a staggering $123 billion on pets in 2021, signifying a 13% surge from the previous year. With over 114 million U.S. households owning dogs or cats and a significant percentage of Gen Z and millennials embracing pet ownership, this trend is poised to sustain the upward trajectory of pet expenditures, consequently impacting the pet-sitting market.

Technological advancements are emerging as a pivotal trend within the pet-sitting sector. Companies operating in this domain are swiftly embracing technological innovations to fortify their market position. For instance, in May 2022, Whistle Labs Inc., a prominent U.S.-based pet healthcare technology company, introduced 'whistle health,' an AI-powered smart device tailored for preventive dog care. This groundbreaking tool harnesses an industry-leading AI that translates a dog's movements into a personalized wellness index, leveraging data amassed over four years from over 100,000 pets worldwide. When coupled with the Whistle app, the Whistle Health device adeptly identifies potential concerns such as excessive scratching or alterations in eating patterns, promptly connecting pet parents to veterinarians through Whistle's Ask a Vet feature.

Strategic partnerships have emerged as a pivotal approach adopted by major players within the pet-sitting landscape, enabling the provision of dog walking, pet sitting, and boarding services. This collaborative strategy entails leveraging each other's strengths and resources among companies to yield mutual benefits and foster success. For example, in February 2022, Petco Health and Wellness Company, Inc., a leading U.S.-based pet retailer, unveiled a partnership with Rover.com, an online marketplace for pet care services. This collaboration aims to seamlessly connect Petco customers with a diverse range of pet care, boarding, and dog walking services. Integration of these services into Petco's platform facilitates convenient access for customers to Rover services for dogs and cats via petco.com. Furthermore, exclusive incentives in the form of discounts are offered, incentivizing bookings and enhancing the appeal, especially to members of Petco's Vital Care service, a comprehensive pet wellness program, strengthening the collaboration's value proposition. Rover.com remains a prominent U.S.-based online marketplace facilitating the buying and selling of pet care services.

In August 2022, the merger between Wag Labs, Inc., a prominent pet service company based in the US, and CHW Acquisition Corporation took place. This strategic move aimed to unite the strengths of both entities to enhance the range and quality of pet care services offered to pet parents. Following the merger, CHW Acquisition Corporation underwent a name change, rebranding to Wag! Group Co., signifying a new era and consolidated vision for the combined company.

Major companies operating in the pet sitting market report are A Place for Rover Inc., Best Friends Pet Care, Camp Bow Wow, Chicago Dog Walkers, DogVacay, Fetch! Pet Care, G’Day! Pet Care, Holidog.com, PetSmart Inc., Swifto Inc., Careguide Inc., Dogtopia Enterprises, PetBacker, Pets at Home Inc., Wag! Group Co., Care.com Inc., Rover.com, Petco Health and Wellness Company Inc., HouseMyDog Ltd., PetCloud, Happy Tails Pet Sitting, Pawsitive Pet Care, Critter Sitters Pet Care Services, The Pet Staff Professional Pet Sitting, Purrfect Paws Pet Sitting and Dog Walking Service, FurBabies Home Pet Care and Dog Walking, Professional Pet Sitting LLC, Cat in a Flat, 4 Paws Pet Services Ltd., The Fairy Dog Walking and Pet Sitting Services.

Asia-Pacific was the largest region in the pet sitting market in 2023. North America is expected to be the fastest-growing region in the global pet-sitting market report during the forecast period. The regions covered in the pet sitting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the pet sitting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

These services cater to various types of pets, encompassing dogs, cats, fish, small caged animals, and other pet species. Dogs, specifically domestic mammals closely related to the gray wolf and primarily carnivorous, fall within the scope of pet sitting services. Pet sitting services include a range of offerings, such as in-house sitting where the pet sitter remains at the pet owner's home, as well as at-care facilities used for diverse applications. These services cover activities such as providing care during daycare visits, engaging in dog walking exercises, offering pet transportation services, and other relevant applications to ensure the pets' comfort and welfare in the absence of their owners.

The pet sitting market research report provides pet sitting market statistics, including pet sitting industry global market size, regional shares, competitors with a pet sitting market share, detailed pet sitting market segments, market trends and opportunities, and any further data you may need to thrive in the pet sitting industry. This pet sitting market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The pet sitting market includes revenues earned by providing feeding, exercise, administering medication, and others to pets. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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