Insights on the Death Care Services Global Market to 2030 - Identify Growth Segments for Investment - ResearchAndMarkets.com

The death care services market is segmented into funeral homes and funeral services; and cemeteries and crematories.

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Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Thursday, February 25, 2021
Information
Tags: 
Professional services, Other Professional Services, Death care industry in the United States, Industry in the United States, Marketplace
Geotags: 
NORTH AMERICA, AFRICA, UNITED STATES
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Summary
Key Points: 
  • The death care services market is segmented into funeral homes and funeral services; and cemeteries and crematories.
  • Asia Pacific was the largest region in the global death care services market, accounting for 40% of the market in 2020.
  • North America was the second largest region accounting for 27% of the global death care services market.
  • Africa was the smallest region in the global death care services market.


The "Death Care Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.

This report provides strategists, marketers and senior management with the critical information they need to assess the global death care services market as it emerges from the COVID-19 shut down.

The global death care services market is expected to grow from $103.93 billion in 2020 to $109.79 billion in 2021 at a compound annual growth rate (CAGR) of 5.6%. The growth 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 market is expected to reach $147.38 billion in 2025 at a CAGR of 8%.

Companies Mentioned

  • Service Corporation International (SCI)
  • Nirvana Asia Ltd
  • Fu Shou Yuan International Group

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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. The death care services market is segmented into funeral homes and funeral services; and cemeteries and crematories.

Asia Pacific was the largest region in the global death care services market, accounting for 40% of the market in 2020. North America was the second largest region accounting for 27% of the global death care services market. Africa was the smallest region in 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.

Key Topics Covered:

1. Executive Summary

2. Report Structure

3. Death Care Services Market Characteristics

3.1. Market Definition

3.2. Key Segmentations

4. Death Care Services Market Product Analysis

4.1. Leading Products/ Services

4.2. Key Features and Differentiators

4.3. Development Products

5. Death Care Services Market Supply Chain

5.1. Supply Chain

5.2. Distribution

5.3. End Customers

6. Death Care Services Market Customer Information

6.1. Customer Preferences

6.2. End Use Market Size and Growth

7. Death Care Services Market Trends and Strategies

8. Impact of COVID-19 on Death Care Services

9. Death Care Services Market Size and Growth

9.1. Market Size

9.2. Historic Market Growth, Value ($ Billion)

9.2.1. Drivers of the Market

9.2.2. Restraints on the Market

9.3. Forecast Market Growth, Value ($ Billion)

9.3.1. Drivers of the Market

9.3.2. Restraints on the Market

10. Death Care Services Market Regional Analysis

10.1. Global Death Care Services Market, 2020, by Region, Value ($ Billion)

10.2. Global Death Care Services Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region

10.3. Global Death Care Services Market, Growth and Market Share Comparison, by Region

11. Death Care Services Market Segmentation

11.1. Global Death Care Services Market, Segmentation by Type

11.2. Global Death Care Services Market, Segmentation by Arrangement

11.3. Global Death Care Services Market, Segmentation by Mode

12. Death Care Services Market Metrics

12.1. Death Care Services Market Size, Percentage of GDP, 2015-2025, Global

12.2. Per Capita Average Death Care Services Market Expenditure, 2015-2025, Global

For more information about this report visit https://www.researchandmarkets.com/r/9c00ng

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