Pet Training Services Market Expected to Reach $6.84 Billion by 2031 - Allied Market Research

According to a new report published by Allied Market Research, titled, “Pet Training Services Market," The pet training services market size was valued at $3.83 billion in 2021, and is estimated to reach $6.84 billion by 2031, growing at a CAGR of 6% from 2022 to 2031.

Pet training is essential for any pet animal that boosts confidence in pets, inculcates desirable behaviors among pets, and establishes strong relationships among the pets and the pet owners. Rapidly growing adoption of pet animals among the millennials and the gen z is a major factor that is expected to boost the demand for the pet training services across the globe. The adoption of various companion animals such as rabbits, dogs, cats, and birds is gaining rapid traction among the population all over the globe. Having a companion animal offers several benefits such as reduced stress, boosting confidence, healthy heart, and blood pressure and cholesterol levels control, which are scientifically proven facts that encourage people to own pets. According to the latest data from European Pet Food Industry Federation (FEDAIF), there were 92 million dogs as pet in Europe and according to the survey of the American Pet Products Association (APPA) in 2021, 69 million households in America have dogs as their pet.

With the rising penetration of the numerous local and regional pet training service providers across the globe and growing awareness regarding the importance of pet training is boosting the global pet training services market growth. Training pets offers numerous advantages and functionalities to the pet owners. For instance, dogs are trained for companionship, entertainment, security, tracking bombs, detecting drugs, and many more activities. To perform such activities, the dogs are required to be trained effectively. Therefore, with the rising demand for various functions and purposes, the expenditure on the training pf pet animals is projected to rise significantly during the forecast period. According to American pet product association (APPA), in the year 2021, 123.6 billion dollars was spent on pet in U.S., out of which 9.5 billion dollars were spent on other services which includes training of pets.

According to the pet training services market analysis, the global market is segmented based on the pet type, purpose, branch, training method, and region. On the basis of pet type, the market is segregated into dogs, cats, horses, and others. Depending on the purpose, it is divided into standard, specific, and service. Based on the branch, the market is segmented into single and multiple. Furthermore, depending on the training method, the pet training services market is segregated into virtual and offline. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa).

As per the pet training services market forecast, based on the pet type, the dogs segment dominated the market, garnering around 42.5% of the pet training services market share in 2021. Dogs are trained to make them perform a wider variety of functions such as guarding, drugs and explosive detection, search and rescue, and to assist the disabled. Training helps to build confidence, offer mental stimulation, and build a strong bond between humans and dogs. The rising adoption of dogs as pets and growing desire among the dog owners to train their pets for different functional benefits has led to the significant growth of the dogs segment in the global pet training services industry.

As per the pet training market trends, depending on the purpose, the standard segment accounted for 69.3% of the market share in 2021 and led the global pet training services market. This dominance is attributed to the rising expenditure on pet training for the purpose of entertainment, companionship, and security functions. The rising adoption of pets for companionship and entertainment purposes is expected to boost the growth of the standard segment during the forecast period.

As per the pet training services market trends, depending on the branch, the single is expected to be the fastest-growing segment during the forecast period. The rising adoption of pets across the globe and rising awareness regarding the importance of pet training among the pet owners is offering a lucrative growth opportunity to the market players, which may result in the rising number of local or domestic service providers that operates mainly through a single branch at a specific location.

Based on the training method, the virtual is anticipated to witness the highest CAGR of 6.7% during the forecast period. Virtual pet training services are becoming increasingly popular, as people look for ways to train their pets without having to leave the comfort of their homes. Virtual pet training services offer a variety of different activities that they can do with their pet, and they can be a great way to keep their pet entertained and engaged. Furthermore, the rising adoption of digital technologies like internet and smartphones is driving the virtual segment’s growth. As per the International Telecommunication Union (ITU), around 4.9 billion of the global population had access to the internet in 2021, and this number is expected to increase rapidly in upcoming future.

Region-wise, North America dominated the global market in 2021. The rising adoption of pets, high disposable income, increased trend of pet humanization, presence of several top pet training service providers, and increased awareness regarding the benefits of training pets are some of the major factors that has led to the dominance of North America in the global market. According to American Pet Product Association (APPA), in the year 2021, 123.6 billion dollars was spent on pet in U.S., out of which 9.5 billion dollars were spent on other services which includes training of pets.

The most prominent players operating in the pet training services industry includes Best friends, Beyond The Dog, Big Valley Dog training, Brunell Pet Services, Camp Bow Wow, Dog Gone Fun, Every Dog Behavior and Training, Family Dog Training Centre, Highland Canine Training, LLC., Licks and Loves, K9 GTA, Noble Beast Dog Training, Papp's Dog Training Services, USA Dog Behavior, W.A.G.S 4 Kids, Canine Solution International (K9SI), K9 Bond, Hill's Pet Nutrition, Inc., Delta One Canines, and Viking - Dog Training. These players are constantly engaged in various developmental strategies like product launches, acquisitions, and mergers to exploit the prevailing pet training services market opportunity and expand their market share.

Key findings of the study:

• The global pet training services market size was valued at $3,827.4 million in 2021, and is estimated to reach $6,836.9 million by 2031, registering a CAGR of 6.0% from 2022 to 2031.
• By pet type, the cats segment is estimated to witness the fastest growth, registering a CAGR of 6.6% during the forecast period.
• In 2021, depending on the purpose, the standard segment was valued at $2,652.6 million, accounting for 69.3% of the global market share. 
• In 2021, the U.S. was the most prominent market in North America, and is projected to reach $1,041.8 million by 2031, growing at a CAGR of 5.2% during the forecast period.