South Korea Pet Services Market Size & Outlook, 2023-2030
South Korea pet services market, 2018-2030 (US$M)
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South Korea pet services market highlights
- The South Korea pet services market generated a revenue of USD 220.2 million in 2023 and is expected to reach USD 461.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 11.1% from 2024 to 2030.
- In terms of segment, boarding was the largest revenue generating service type in 2023.
- Sitting is the most lucrative service type segment registering the fastest growth during the forecast period.
Pet services market data book summary
| Market revenue in 2023 | USD 220.2 million |
| Market revenue in 2030 | USD 461.3 million |
| Growth rate | 11.1% (CAGR from 2023 to 2030) |
| Largest segment | Boarding |
| Fastest growing segment | Sitting |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Boarding, Sitting, Travel, Grooming |
| Key market players worldwide | Wag Group Co, Pets at Home Group PLC, Rover, Dogtopia Enterprises, American Pet Resort, Airpets International, Paradise 4 Paws |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.3% of the global pet services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China pet services market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,025.0 million by 2030.
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Pet Services Market Scope
Pet Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea pet services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pet services market will help companies and investors design strategic landscapes.
Boarding was the largest segment with a revenue share of 39.1% in 2023. Horizon Databook has segmented the South Korea pet services market based on boarding, sitting, travel, grooming covering the revenue growth of each sub-segment from 2018 to 2030.
The significant increase in the population of companion animals, particularly dogs & cats, in South Korea can be attributed to the rise in nuclear families and one-person households. According to a report in the Washington Post, by 2050, approximately 40% of households in South Korea will consist of single-person households, resulting in increasing pet adoption.
As a result, the pet services market in South Korea is expected to witness significant growth over the forecast period. The issue of pet obesity has become highly prevalent in recent years, leading to an increased demand for veterinary services and nutritious pet meals in South Korea.
The easy availability of pet services due to the presence of numerous pet shops and pet hospitals close to various locations is another factor contributing to market growth. In addition, the pet care industry is being driven by the growing popularity of internet platforms, allowing pet owners to connect with experts, such as veterinarians, through telehealth or other online options.
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Target buyers of South Korea pet services market databook
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Our clientele includes a mix of pet services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea pet services market , including forecasts for subscribers. This country databook contains high-level insights into South Korea pet services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea pet services market size, by service type, 2018-2030 (US$M)
South Korea Pet Services Market Outlook Share, 2023 & 2030 (US$M)
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