The Pet Sitting Market involves professional pet care services for cats, dogs, and other domestic pets when the owners are away. Pet sitting allows pet owners to have their pets cared for in a home environment without placing them in kennels.
House sitting services also provide security and care for the home. In addition to basic services like feeding, exercising, and cleaning up after pets, many pet sitters also provide mid-day dog walks, medication administration, security checks, plant watering, and mail/package collection. Pet sitting provides pets with social interaction, mental stimulation, and prevents stress or behavioral issues associated with prolonged periods alone.
The Global Pet Sitting Market is estimated to be valued at USD 2.41 Bn in 2024 and is expected to exhibit a CAGR of 12.1% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Pet Sitting Market are A Place for Rover, Inc., Pets at Home Group PLC, Camp Bow Wow, The Pet League, Rover.com, Inc., and Wag Labs, Inc.
The growing urbanization and dual-income households has increased demand for professional pet care services while owners are away from home for work or leisure travel. Rising awareness about pet well-being and preventive healthcare is another key opportunity in the Pet Sitting Market Demand.
The Pet Sitting Market is expanding rapidly in North America and Europe owing to high pet ownership and growing preference for home-based pet services over traditional kenneling. Increasing disposable incomes and willingness to spend on pets in developing regions will support market growth in Asia Pacific and Latin America in the forecast period.
Market Drivers
Rising pet adoption rates, especially dogs and cats, are a key driver for the Pet Sitting Market. According to the APPA National Pet Owners Survey, around 90 million households in the US own a pet. However, alternative pet care options while owners are away has pushed the demand for professional pet sitters. Pet owners prefer home-based services over kennels and shelters to prevent stress to pets. This is expected to continue driving the need for pet sitting services worldwide in the coming years.
PEST Analysis
Political: Pet sitting industry in various countries is regulated by different animal welfare laws. These laws impact operations and costs for pet sitters.
Economic: Economic growth and rising pet ownership are contributing to the expansion of the Pet Sitting Market. Higher disposable incomes allow people to spend more on pet care services.
Social: More people are treating pets as family members. They look for professional services to care for pets when away from home. Working professionals also drive the demand for pet sitting.
Technological: Advancements like mobile apps and online booking platforms have made it convenient for pet owners to find and hire sitters. Sitters use activity trackers and pet cams to provide updates to owners.
Geographical Concentration
North America accounts for the largest share of the global Pet Sitting Market in terms of value. Countries like the US and Canada have high pet ownership rates. Busy lifestyles and willingness to spend on pets contribute to market growth.
Fastest Growing Region
Asia Pacific is projected to be the fastest growing region during the forecast period. Countries such as China, India and Japan are seeing increases in disposable incomes, urbanization and nuclear families. This is translating to higher pet adoption and demand for associated services including pet sitting.
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About Author-
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
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