How Has the Death Care Services Market Evolved Historically and What is its Current Size?
The death care services market has seen considerable growth due to a variety of factors.
• The size of the death care services market has shown significant expansion in the recent past. There will be an expansion from $127.83 billion in 2024 to approximately $138.74 billion in 2025, with a compound annual growth rate (CAGR) of 8.5%.
The rise during the recorded historical duration is owing to the rapid expansion of the global population, an increase in accidents, and robust economic development in emerging markets.
What is the Forecasted Growth of the Death Care Services Market Size?
The death care services market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for a robust growth in the death care services market in the coming years. It is projected to reach a value of $186.89 billion in 2029, expanding at a compound annual growth rate (CAGR) of 7.7%.
This growth during the projected period is credited to factors like the rise in the number of individuals choosing funeral plans, growing global populations, and the increasing demand for extravagant funerals. Key trends anticipated to shape this period include investments in alkaline hydrolysis cremation technologies, providing eco-friendly burial services, personalization of funerals, options for live streaming funerals for absentees, GPS based tracking in cemeteries, digital tags for tombstones, and comprehensive funeral planning services.
What Are The Primary Growth Drivers In The Death Care Services Market?
The anticipated decline in life expectancy is predicted to spur the expansion of the death care services market. Life expectancy, which denotes the number of years a person is projected to live, is projected to decline. This decline results in more deaths, in turn, fueling the death care services market. For example, the Centers for Disease Control and Prevention, a government agency based in the United States, revealed in March 2024 that in 2022, the life expectancy difference between females and males was 5.4 years, demonstrating a decrease of 0.4 years from 2021. Thus, the predicted dip in life expectancy is anticipated to spur the growth of the death care services market in the upcoming years.
What Is The Segmentation Of The Global Death Care Services Market?
The death care services market covered in this report is segmented –
1) By Type: Funeral Homes And Funeral Services, Cemeteries And Crematories
2) By Arrangement: At-Need Arrangement, Pre-Need Arrangement
3) By Mode: Online, Offline
Subsegments:
1) By Funeral Homes and Funeral Services: Traditional Funeral Services, Memorial Services, Direct Burial Services, Direct Cremation Services, Pre-Planning and Pre-Need Services, Grief Counseling Services, Transportation Services
2) By Cemeteries and Crematories: Burial Services, Cremation Services, Cemetery Maintenance Services, Memorialization Products, Columbarium Services (for urn storage)
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What Emerging Trends Are Shaping The Death Care Services Market?
Companies offering death care services are adopting the use of alkaline hydrolysis for the disposal of bodies at an increasing rate. This is a chemical method that utilises sodium hydroxide and heat for the decomposing of human remains. The procedure involves a mixture of 95% water and either 5% potassium hydroxide or sodium oxide to break down a body into a liquid and bone fragments. The bones are preserved and dried, producing a material similar to ashes after cremation. The remaining liquid after alkaline hydrolysis is eco-friendly and is drained via the sewage system. As an example, in July 2022, the US state of Hawaii legalized the use of alkaline hydrolysis for the handling of human remains.
Who Are the Key Players in the Death Care Services Market?
Major companies operating in the death care services market include:
• Service Corporation International (SCI)
• Nirvana Asia Ltd
• Dignity Plc
• Arbor Memorial Inc.
• InvoCare
• Fu Shou Yuan International Group
• Carriage Services
• NorthStar Memorial group
• Stonemor Inc.
• Funespaña
• Kumar Funeral Services
• Anthyesti Funeral Services
• Funeral Services Ltd.
• Open Agent
• Ritual
• Funeral Home Elpis
• Park Lawn Corporation
• Foundation Partners Group
• Hillenbrand Inc.
• Walmart
• 1-800-Flowers.com (FLWS)
• Rock of Ages Corp.
• Stewart Entreprises Inc.
• Mathews International (MATW)
• Naser Group
• Empresa Funeraria Schunck Ltda
• Eden Organizacao E Administraacao Do Serv Funer Ltda
• Jerri Adriano Santos Moreira
• Funeraria Global Ltda
• JM Fernandes Plano De Assistencia Familiar E Funeraria
• Funeraria Brasao D'ouro Ltda
• Ouroplan Meta Servicos Funerarios Ltda
• Celso De Almeida Augusto
• Funeraria Sao Cristovao Servico Funerario Ltda
• Funeraria Campos Ltda
• Moore Funeral Home
• Middle East Funeral Services
• Gulf Care Middle East Funeral Services
• Al Foah Funeral Services
• Christian Cemetery Committee
• Connex Assistance
• Doves
• Phaahla Funeral Services
• Martins Funerals
• Icebolethu
• AVBOB Funeral Services.
What are the Regional Insights into the Death Care Services Market?
Asia-Pacific was the largest region in the death care services market in 2024. North America was the second-largest region in the death care services market. The regions covered in the death care services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
