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Pet Services Market – By Service Type, By Pet Type, By Age Group, By End Use - Global Forecast, 2025 – 2034
Report ID: GMI14309
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Published Date: June 2025
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Report Format: PDF
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Authors: Mariam Faizullabhoy, Gauri Wani
Premium Report Details
Base Year: 2024
Companies covered: 17
Tables & Figures: 137
Countries covered: 19
Pages: 130
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Pet Services Market
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Pet Services Market Size
The pet services market was valued at USD 89 billion in 2024. The market is expected to grow from USD 95 billion in 2025 to USD 179.8 billion in 2034 at a CAGR of 7.3%. The rising cases of chronic conditions such as obesity, diabetes, and arthritis in pets have increased the need for regular health check-ups, rehabilitation, and specialized treatments, fueling the demand for services.
In addition, the rising pet humanization trend seeing pets as family members has supported the high spending in companion animal healthcare solutions, preventive treatments, diagnostics, and wellness services. The American Pet Products Association (APPA) estimates the pet spending to reach USD 152 billion in 2024 from USD 147 billion on pets in 2023 in U.S. This substantial investment in pet care, veterinary services, and medicines reflected pet owners increased consideration of companion animal health issues, better access to advanced medical treatments, and shifting approaches towards pet health.
Pet owners are increasingly emphasizing pet health and hygiene has increased the demand for veterinary visits, pet insurance, and professional grooming services. In addition, the shifting trend towards digital platforms such as online bookings and virtual veterinary consultations has increased access to pet care services. These factors contribute to the ongoing expansion of the global pet services market.
Pet services refer to specialized care solutions addressing the comprehensive needs of companion animals including medical and non-medical services. The services include pet grooming, boarding facilities and daycare centers, training, veterinary medical care services and other services. The expanding favorable pet insurance coverage has further expanded the access to advanced services bolstering market growth.
Pet Services Market Trends
Pet Services Market Analysis
In 2021, the global market was valued at USD 72.6 billion. The following year, it saw a slight increase to USD 83.1 billion in 2023, the market further climbed to USD 89 billion by 2024.
Based on service type, the global market is segmented into pet grooming, pet boarding and daycare, pet training services, pet insurance, veterinary medical services, and other service types. The veterinary medical services segment dominated the market and was valued at USD 26.4 billion in 2024 and is poised to reach USD 50.8 billion by 2034 at a CAGR of 6.8%.
Based on pet type, the global pet services market is categorized into dogs, cats, birds, fishes, horses, and other pet types. The dogs segment accounted for the highest market share of 55.9% in 2024 and is poised to grow at a substantial rate during the analysis period.
Based on the delivery mode, the global pet services market is categorized by online services and offline services. In 2024, the offline services segment accounted for the largest share and is poised to grow at a significant growth with a CAGR of 7.2%.
In 2024, North America accounted for the largest revenue of USD 35.7 billion and is projected to generate revenue of USD 69.4 billion by 2034 at a CAGR of 6.9% during the analysis period.
In 2024, U.S. pet services market accounted for USD 33.8 billion revenue from USD 31.7 billion in 2023 and is anticipated to grow at a CAGR of 6.8% between the 2025 to 2034 period.
Germany is poised to achieve significant growth in the Europe pet services market.
Asia Pacific is poised to grow at a significant growth rate in the global pet services market over the next few years.
China is anticipated to grow significantly within the Asia Pacific pet services market.
Brazil is projected to witness significant growth in Latin America pet services market in coming years.
Saudi Arabia is anticipated to grow in the Middle East and African pet services market.
Pet Services Market Share
The top 5 players in the global market accounted for ~15%-20% of the share. The market consists of established corporations, innovative companies, and specialized service providers competing for market share. The key players include Mars, IDEXX Laboratories, PetIQ, PetSmart, and Rover leading the market through comprehensive offering veterinary care services, grooming, boarding, insurance, and digital solutions. For example, Mars operates its veterinary services division through Banfield Pet Hospital and VCA, offering integrated clinical care, diagnostics, and pet nutrition services. In addition, IDEXX Laboratories maintains market leadership in veterinary diagnostics and practice management software, while companies such as Rover and Wagmo have introduced mobile-based service platforms to enhance customer convenience.
Companies are forming partnerships, enhancing their digital capabilities, and developing services that address specific customer needs. The growing number of pet owners and their preference for premium services has prompted businesses to broaden their geographical presence and diversify their service offerings, which supports market development.
Pet Services Market Companies
Few of the prominent players operating in the pet services industry include:
Pet Services Industry News
The pet services market research report includes in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Million from 2021 – 2034 for the following segments:
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Market, By Service Type
Market, By Pet Type
Market, By Delivery Mode
The above information is provided for the following regions and countries: