Pet Sitting Market Forecast 2023-2027 By The Business Research Company
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s pet sitting market report forecasts the pet sitting market size to grow to $3.94 Billion by 2027, with a CAGR (compound annual growth rate) of more than 10%.
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Pet Sitting Market Size Forecast
The global pet sitting market is expected to grow from $2.42 billion in 2022 to $2.67 billion in 2023 at a compound annual growth rate (CAGR) of 9.97%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global pet-sitting market size is expected to reach $3.94 billion in 2027 at a CAGR of 10.26%.
Asia-Pacific held the largest pet sitting market share, and North America was the fastest-growing region in 2022.
Key Pet Sitting Market Driver – Increase In Preference For Pet Care
According to the Insurance Information Institute, Inc., a US-based industry association that provides a trusted source of unique, data-driven insights on insurance, the number of pets insured in the United States was around 3.9 million in 2021, a 28% increase from 2020, and U.S. pet industry expenditures increased from $103.6 billion in 2020 to $123.6 billion in 2021. As a result, a rise in pet care is propelling the pet-sitting sector ahead.
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Key Pet Sitting Market Trend – Technological Advancement
Companies in the pet-sitting industry are embracing technological improvements in order to maintain their market position. Whistle Labs Inc., a US-based pet healthcare technological startup, for example, developed whistle health, an AI-enabled, data-driven smart device for dogs for preventive care, in May 2022. Whistle created an industry-leading AI that can translate every dog’s movement into a personalised, holistic wellbeing index utilising data collected from over 100,000 canines worldwide over four years. When used with the Whistle app, the Whistle Health device may detect and alert pet parents to potential issues such as excessive scratching or changes in eating patterns, immediately connecting them to a veterinarian via Whistle’s Ask a Vet function.
Pet Sitting Market Segment
1) By Pet Type: Dogs, Cats, Fish, Cage Pets, Other Pet Types
2) By Service: In-House Sitting, At-Care Facilities
3) By Application: Day Care Visits, Dog Walking, Pet Transportation, Other Applications
Pet Sitting Market Major Players and Strategies
Major players in the pet sitting market 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., PetSmart LLC, Swifto Inc., Careguide Inc., Dogtopia Enterprises, PetBacker, Pets at Home, Inc., Wag! Group Co. and Care.com Inc.
Wag Labs, Inc., a pet service firm established in the United States, merged with CHW Acquisition Corporation in August 2022. The united firm intends to give pet parents with access to the greatest quality pet care products, and the CHW Acquisition Corporation name has been changed to Wag! Group Co. CHW Acquisition Corporation is a special-purpose acquisition firm established in the United States.
The Pet Sitting Global Market Report 2023 covers regional data on pet sitting market size, pet sitting market trends and drivers, opportunities, strategies, and pet sitting market competitor analysis. The countries covered in the pet sitting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Pet sitting is the care of a pet in its home while the owner is away. When their clients are out on vacation or on business, pet sitters are responsible for all basic animal care.
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