Animal Shelters in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: July 2024
NAICS OD5794Revenue
$3.5bn
Past 5-Year Growth
Profit
$XX.Xm
Employees
85,178
Businesses
14,794
Wages
$X.Xbn
Animal Shelters in the US industry analysis
Animal shelters have faced significant financial strain in recent years resulting from pandemic-induced economic downturns and rising interest rates. The shelters, primarily operating as nonprofits, have seen a drop in donations as corporate profits dwindled and businesses cut back on spending. The financial pressures were compounded as government funding, though essential, remained competitive and often insufficient to meet rising operational costs. Despite these challenges, shelters did see a pandemic boom, where adoptions were up, albeit with tightened budgets and reduced resources. Aided by government stimulus, industry revenue is expected to push up at a CAGR of 2.8% to reach $3.5 billion through 2024, with stagnant growth in 2024 and profit at 2.4%.
Trends and Insights
- The surge in pet adoptions during the pandemic has reversed. As people return to work and resume travel, the pandemic-driven swell in adoptions has declined, placing stress on animal shelters.
- Public support for no-kill policies is growing. The societal push for humane animal treatment prompts many shelters to adopt no-kill status. This trend reflects a broader shift towards ethical practices in animal care.
- High-cost metropolitan areas lead to pet spending. These regions have higher disposable incomes, allowing for increased pet adoption and spending on pet care. This trend reflects the financial capability to invest in pets.
- Animal shelters face limited competition. However, public opinion on no-kill policies can be a key differentiator, influencing shelter choice and community support.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 2.8 % over the past five years, to reach an estimated $3.5bn in 2024.
Trends and Insights
Economic downturns strain funding for animal shelters
- Many animal welfare advocacy groups, municipalities and other organizations have funded nonprofit animal shelters, buoying industry revenue over the past five years. Because funding is sourced from several different entities, the pandemic significantly disrupted shelter operations.
- Additional trends and insights available with purchase
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Technology and data analytics will drive efficiency in shelters
- Many animal shelters are integrating technology into their operations. Platforms for managing adoptions, health tracking and resource allocation are becoming standard tools.
Biggest companies in the Animal Shelters in the US
| Company | Market Share (%)
2024 | Revenue ($short_0)
2024 | Profit ($short_0)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Animal Shelters in the US industry for IBISWorld to include in this product.
Products & Services Segmentation
Animal Shelters in the US
Products & Services
Industry revenue is measured across several distinct product and services lines, including Animal care services, Spay and neutering services and Other medical services. Animal care services is the largest segment of the Animal Shelters in the US.
Trends and Insights
Animal care services
- Animal care services encompass medical treatments, vaccinations, shelter, food and playtime. Animals received by the shelter are cared for until they are adopted, retrieved by the owner or euthanized.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Pet Adoption Services in the US
- Dog & Pet Breeders in the US
Complementors
- Brand Name Pharmaceutical Manufacturing in the US
- Pet Stores in the US
- Veterinary Services in the US
- Pet Grooming & Boarding in the US
International industries
- Pet Stores in Canada
- Pets and Pet Supplies Retailers in Australia
- Online Pet Food and Pet Supply Sales in Australia
- Pets & Pet Supplies Retailers in the UK
Table of Contents
About this industry
Industry definition
This industry includes establishments that provide a temporary home and care for stray and homeless pets while seeking permanent homes for them.
What's included in this industry?
Providing animal euthanasia Spraying and neutering animal rescues Administering pet care services Giving vaccinations and medications Arranging pet adoption servicesCompanies
Purchase this report to view all major companies in this industry.
Related Terms
NO-KILL SHELTERSMICROCHIPPING PETSRADIO-FREQUENCY IDENTIFICATION (RFID)SPAY/NEUTERIndustry Code
NAICS 81291 - Animal Shelters in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The surge in pet adoptions during the pandemic has reversed. As people return to work and resume travel, the pandemic-driven swell in adoptions has declined, placing stress o...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Public support for no-kill policies is growing. The societal push for humane animal treatment prompts many shelters to adopt no-kill status. This trend reflects a broader shi...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
High-cost metropolitan areas lead to pet spending. These regions have higher disposable incomes, allowing for increased pet adoption and spending on pet care. This trend refl...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Animal shelters face limited competition. However, public opinion on no-kill policies can be a key differentiator, influencing shelter choice and community support.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The industry is small and fragmented, with most organizations being local nonprofits. Despite its small size, shelters can carve out niches within their communities, allowing...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Revenue typically fluctuates with the business cycle. Animal shelters, being nonprofits heavily reliant on charitable donations and government funding, face financial instabi...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Adoptions may ebb and flow, but wages consistently increase. Wage costs stayed high throughout the pandemic, adding financial stress to shelters, but wages continue to strain...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
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Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Animal Shelters in the US industry in United States in 2024?
The market size of the Animal Shelters in the US industry in United States is $3.5bn in 2024.
How many businesses are there in the Animal Shelters in the US industry in 2024?
There are 14,794 businesses in the Animal Shelters in the US industry in United States, which has grown at a CAGR of 7.2 % between 2019 and 2024.
Has the Animal Shelters in the US industry in United States grown or declined over the past 5 years?
The market size of the Animal Shelters in the US industry in United States has been growing at a CAGR of 2.8 % between 2019 and 2024.
What is the forecast growth of the Animal Shelters in the US industry in United States over the next 5 years?
Over the next five years, the Animal Shelters in the US industry in United States is expected to grow.
What does the Animal Shelters in the US in United States include?
Providing animal euthanasia and Spraying and neutering animal rescues are part of the Animal Shelters in the US industry.
How competitive is the Animal Shelters in the US industry in United States?
The level of competition is moderate and steady in the Animal Shelters in the US industry in United States.
