Pet Boarding Market Expected to Reach $35.8 Billion by 2031—Allied Market Research

Adoption of various companion animals such as fish, dogs, cats, and birds is gaining rapid traction among the population across the globe. Having a companion animal offers several benefits such as reduced stress, boosting confidence, healthy heart, and control in blood pressure and cholesterol levels. Rise in pet ownership among millennials and generation Z, along with rapidly growing social media and e-commerce platforms across the globe significantly boost the pet boarding market growth.

Increase in awareness regarding veterinary health, change in demographic trends across developing countries, and growth in number of pet owners propel the market expansion. In addition, growth in trend for premium pet care services such as group play activities and training further fuel the industry growth. Rise in adoption of pets and ownership is expected to be a key factor to propel the market growth.

Various activities offered by pet boarding facilities are luring more pet owners to use their services. People remained indoors with their families and pets throughout the pandemic due to lockdowns and travel restrictions. Furthermore, many bachelors and couples have been locked at home for extended periods of time, which made them lonely and prompted the need for pets, which are friendly and make fantastic friends with humans.

One of the major drivers of the global pet boarding industry is growing awareness campaigns and promoting pet ownership by governments and organizations globally. Orphan pets are growing globally and some of them are taken care by pet shelters and NGOs that donate pets to owners who are willing to take ownership. Thus, the increasing working population and busy work schedules are further fueling the growth of the global pet boarding market.

The market for pet boarding is quickly approaching the pre-COVID growth rate, owing to the economic recovery in most emerging economies and a stable growth rate is expected throughout the forecast period. Resumption of offices and ease in travel restrictions are key factors behind the recovery of the pet boarding market. These factors are projected to boost growth of the market after the COVID-19 period.

The pet boarding market is segmented on the basis of pet type, service, and region. On the basis of pet type, the market is categorized into dogs, cats, and others. By service it is segregated into group play sessions, exercise, poolside daycare, pet sitting, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, the Netherlands, and The rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Egypt, South Africa, the United Arab Emirates, and rest of LAMEA).

By pet type, the dog segment was valued at $11,166.3 million in 2021, and is expected to reach $ 20,412.4 million by 2031 at a CAGR of 6.3%. Dogs are the most popular pets among pet owners around the world. They are one of the most common domestic animals. They are also listed as one of the friendliest pets that are owned by people and are usually described as man's best companions as they generously offer their friendship and company to people. Grooming, training, and group play activities are important for dogs, which are expected to fuel pet boarding market demand during the forecast period.

On the basis of service the exercise segment is expected to grow at a CAGR of 6.6% during the pet boarding market forecast period. Exercising keeps dogs healthy, while reducing behavioral problems such as excessive licking, barking, chewing, digging, and other anxiety-related behaviors. It also helps build trust and confidence among pets for their owners and environment. Hence, pet owners ask for exercise activity sessions at boarding facilities, which are expected to fuel growth of the exercise segment in the global pet boarding market.

Asia-Pacific is one of the most important and high potential regions for the pet care industry. Asia-Pacific has diverse countries, such as Australia and Japan, which have reached a maturity stage and has emerging markets such as China and India. The pet care market in Asia-Pacific is largely driven by rapid urbanization and rise in nuclear families. In many countries, owning a pet, focusing on them, and spending on their care are perceived as social status and sensitivity, which is further fuels growth of the market.

Bases on the pet boarding market opportunities, the key players in the global market have adopted a variety of development services to grow their market share, boost their profitability and stay competitive. Key players profiled in this report include Carey Petcare and Homecare, Best Friends Pet Care Inc., Camp Bow Wow, Dogtopia, Royvon, Barkefellers, Country Paws Boarding, Puss 'N' Boots Boarding Cattery, Urban Tails Pet Resort, and Pet Station Kennels & Cattery.

Key Finding of the Study

• The pet boarding market size was valued at $19,452.7 million in 2021, and is estimated to reach $35,831.5 million by 2031, registering a CAGR of 6.4% from 2022 to 2031.
• By pet type, the dog segment was valued at $11,166.3 million in 2021, and is estimated to reach $20,412.4 million by 2031, registering a CAGR of 6.3% from 2022 to 2031.
• In 2021, the U.S. was the most prominent market in North America, and is projected to reach $ 14,932.6 million by 2031, growing at a CAGR of 5.7% during the forecast period.