Financial Services

Death Care Services Industry Anticipated to Expand at 7.8% CAGR During the Forecast Period

November 13, 2025 by The Business Research Company

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#What Is The Projected Market Size Of The Death Care Services Market By 2029?

The death care services market has experienced significant expansion in recent years. It is expected to grow from $128.47 billion in 2024 to $138.23 billion in 2025, at a compound annual growth rate (CAGR) of 7.6%. This growth observed in the past can be attributed to factors like a swift rise in the world population, an increase in accidents, and strong economic progress in emerging markets.

Significant expansion is anticipated for the death care services market over the upcoming years. By 2029, this market is projected to reach $186.44 billion, exhibiting a compound annual growth rate (CAGR) of 7.8%. Factors contributing to this projected growth include a rising preference for funeral plans, an expanding global population, and a greater inclination towards opulent funeral arrangements. Key trends emerging during this forecast period encompass investments in alkaline hydrolysis cremation technologies, the provision of environmentally friendly burial options, customized funeral services, live streaming capabilities for remote attendees, GPS tracking within cemeteries, digital tagging for tombstones, and sophisticated funeral pre-planning solutions.

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Which Industry Drivers Are Expected To Accelerate The Death Care Services Market From 2025 To 2029?

A decline in life expectancy is anticipated to stimulate the expansion of the death care services market. Life expectancy denotes the predicted duration of an individual’s life. A reduction in life expectancy results in an increased mortality rate, subsequently boosting the death care services market. For instance, data from March 2024, sourced from the US-based government agency, the Centers for Disease Control and Prevention, indicated that in 2022, the disparity in life expectancy between females and males stood at 5.4 years, which represented a reduction of 0.4 years compared to 2021. Consequently, the declining life expectancy is projected to fuel the death care services market moving ahead.

What Are The Emerging Segments Gaining Attention In The Death Care Services Market?

The death care servicesmarket 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)

What Trends Are Redefining The Death Care Services Market Dynamics?

Death care service companies are increasingly adopting the alkaline hydrolysis method for the disposition of corpses. This process is a chemical method for human remains disposal that utilizes sodium hydroxide and heat. It involves a solution of 95% water and 5% potassium hydroxide or sodium oxide to break down a body into liquid and bone components. The resulting bone fragments are kept and dried into a substance similar to cremated ashes. The liquid by-product from alkaline hydrolysis is a non-toxic solution, which is then released into the sewage system. For example, in July 2022, Hawaii, a state within the United States of America, made alkaline hydrolysis a legally acceptable means for human body disposition.

Who Are The Top Performing Companies In The Death Care Services Market In Recent Years?

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.

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What Regional Growth Trends Are Shaping The Death Care Services Market Outlook?

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

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