Global Death Care Services Market Report 2022 – Market Forecast, Trends And Strategies

25 Feb, 2022

The global death care services market size is expected to grow from $102.58 billion in 2021 to $114.52 billion in 2022 at a compound annual growth rate (CAGR) of 11.6%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The death care service market is expected to reach $170.39 billion in 2026 at a CAGR of 10.4%.

What is the Global Death Care Services Market?

The death care services market consists of sales of death care services and related goods by entities (organizations, sole traders and partnerships) that prepare the dead for burial or interment, conduct funerals, operate sites or structures reserved for the interment of human or animals remains, and/or cremate the dead.

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What drives the Global Death Care Services Market?

Death care service companies are increasingly using the alkaline hydrolysis method for disposing of corpses. Alkaline hydrolysis is a chemical process for the disposal of human remains using sodium hydroxide and heat. The method uses a solution of 95% water and 5% potassium hydroxide or sodium oxide to reduce a body to components of liquid and bone. Bone fragments are retained and dried into a substance which is similar to cremated ashes. The liquid by-product of alkaline hydrolysis is a non-toxic solution that is disposed through the sewage system. As of August 2019, 19 states in the United States of America have legalized practice of alkaline hydrolysis.

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Global Death Care Services Market Segments
The global death care services market is segmented:
By Type: Funeral Homes and Funeral Services, Cemeteries and Crematories
By Arrangement: At-Need Arrangement, Pre-Need Arrangement
By Mode: Online, Offline
By Geography: The regions covered in the death care services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Death Care Services Global Market Report 2022provides market size and growth forecasts for the global death care services market, global death care services market share, death care services market segments and geographies, death care services market competitive landscape including leading competitors’ revenues, profiles and market shares. The death care services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Death Care Services Industry Playersinclude Service Corporation International, Dignity plc, Carriage Services, Inc., StoneMor Partners L.P., Fu Shou Yuan International Group, Northstar Memorial Group, LLC, Security National Financial Corporation and CVS Group Plc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.