Death Care Services Global Market Report 2024

The death care services market size has grown strongly in recent years. It will grow from $124.08 billion in 2023 to $134.3 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historical period can be attributed to the swift expansion of the global population, an increase in accidents, and robust economic growth in emerging markets.

The death care services market size is expected to see strong growth in the next few years. It will grow to $182.64 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The anticipated growth in the forecast period can be ascribed to the rising number of individuals choosing funeral plans, the increasing global population, and a growing demand for elaborate funerals. Key trends in the forecast period involve investment in alkaline hydrolysis cremation technologies, the provision of green burial services, personalized funeral services, live streaming options for those unable to attend, GPS-based tracking in cemeteries, digital tags for tombstones, and advanced funeral planning services.

The anticipated growth in the death care services market is expected to be propelled by decreasing life expectancy. Life expectancy, denoting the number of years an individual can anticipate living, has witnessed a decline, leading to an increased number of deaths and subsequently driving the demand for death care services. For example, data from the US-based Centers for Disease Control and Prevention (CDC) reveals a decrease of over a year in life expectancy between 2020 and 2021 in the United States. Accidental deaths and unintentional injuries contributed to approximately 16% of the decline in life expectancy during this period. Therefore, the decreasing life expectancy is foreseen as a driving force for the death care services market in the future.

The growth of the death care services market is also expected to be fueled by the rising aging population. As individuals aged 60 and older constitute the aging population requiring medical care, there is an increasing reliance on death care services for end-of-life planning and support. This reflects a growing demand for personalized and compassionate assistance in the final stages of life. According to the World Health Organization (WHO), the global population aged 60 and over is projected to reach 1.4 billion by 2030, doubling to 2.1 billion by 2050. Consequently, the escalating aging population is anticipated to be a significant driver for the death care services market.

Major companies and government entities are strategically focusing on promoting and providing green burial options to gain a competitive advantage. Green funerals, synonymous with natural burials, emphasize simplicity, affordability, and the conservation of natural resources. For instance, in December 2022, Recompose, a US-based death care service provider, reported that Governor Kathy Hochul signed legislation legalizing human composting in New York. This move expands the eco-friendly burial methods available in New York, making it the sixth state, after Washington, Colorado, Oregon, Vermont, and California, to legalize human composting.


Major companies operating in the death care services market report are 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.

Asia-Pacific was the largest region in the death care services market in 2023. 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.

The countries covered in the death care services market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The death care services market consists of revenues earned by entities that prepare the dead for burial or interment, conduct funerals, operate sites or structures reserved for the interment of human or animal remains, and/or cremate the dead. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. . The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

Primary death care services include funeral homes and funeral services, as well as cemeteries and crematories. A funeral home serves as a facility where the deceased are prepared for burial or cremation, allowing for viewings, and conducting funeral services as needed. Various arrangements, such as at-need and pre-need arrangements, are offered through different modes, including both online and offline platforms.

The death care services market research report is one of a series of new reports that provides death care services market statistics, including death care services industry global market size, regional shares, competitors with a death care services market share, detailed death care services market segments, market trends and opportunities, and any further data you may need to thrive in the death care services industry. This death care services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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