U.S. Pet Daycare Market Is Likely To Up Demand At A USD 2.02 Billion By 2030


 San Francisco, 10 Nov 2022: The Report U.S. Pet Daycare Market Size, Share & Trends Analysis Report By Pet Type (Dogs (Large Breeds, Medium Breeds, Small Breeds), Cats), By Service Type (Day Boarding, Pet Sitting), By Delivery Channel, And Segment Forecasts, 2022 - 2030

The U.S. pet daycare market size is anticipated to reach USD 2.02 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a significant CAGR of 6.8% from 2022 to 2030. The key factors driving the market growth include an increasing number of pet owners and spending on pets. For instance, in 2021, Americans spent around USD 123.6 billion on pets according to the American Pet Products Association. This number was notably greater than expenditure in 2020.

The COVID-19 pandemic adversely impacted the market growth, due to the movement restrictions leading to temporary closures of pet daycare centers while pet parents working from home led to low demand for daycare services. At the start of the pandemic, key service providers witnessed a significant drop in appointments and payment volume. For instance, Rover, a pet-care start-up, laid off 41% of its employees just weeks after the lockdown began. This was due to the economic impact and uncertainty affecting its pet sitting business among others due to the pandemic. The company put 9% of staff on standby. Despite the low demand, the company continued to offer pet sitting services while adhering to social distancing and stay-at-home mandates.

With the number of COVID-19 cases declining and more individuals getting vaccinated, many companies are requiring employees to return to work. As pet parents return to work from office, the need for pet daycare services is anticipated to propel the market growth. As per a 2021 survey conducted by MetLife Services and Solutions, LLC, 38% of working pet owners planned to hire additional help, such as a pet sitter or pet daycare to combat potential issues arising from return to in-person work conditions. Thus, the aforementioned factors are expected to drive market growth. The increase in the number of pet owners, pet humanization, and expenditure on pets are other key factors fueling the growth of the pet services industry, including pet daycare.

Access Research Report of U.S. Pet Daycare Market @ https://www.grandviewresearch.com/industry-analysis/us-pet-daycare-market-report

U.S. Pet Daycare Market Report Highlights

  • The market is expected to witness growth as pet daycare services gain popularity. Pet owners are becoming more attentive to their pets, and as a result, demand for pet daycare is projected to rise
  • The pet type segment was dominated by dogs in 2021 owing to increasing preference for dogs as pets and premiumization of pet products & services. Other factors include a rise in nuclear households, a declining birth rate, and increasing adoption of dog insurance
  • By service, the day boarding segment held the largest share of the market in 2021 while the pet sitting segment is expected to register the highest CAGR over the forecast period
  • The commercial facilities segment held the largest market share of over 70% in 2021. The drivers contributing to this share include the growing number of pet daycare franchises, a wide portfolio of services, and the capability to expand service offerings to include both indoor and outdoor services

List of Key Players in the U.S. Pet Daycare Market

  • A Place for Rover, Inc.
  • Dogtopia Enterprises
  • Paradise 4 Paws, LLC
  • Come Sit Stay
  • Fetch! Pet Care
  • Barkley Ventures, Inc.
  • PetSmart LLC
  • Housecarers
  • Camp Run-A-Mutt Entrepreneurial Resources
  • Camp Bow Wow

Access Press Release of U.S. Pet Daycare Market @ https://www.grandviewresearch.com/press-release/us-pet-daycare-market-analysis

 

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