US Death Care Market - Focused Insights 2023-2028

The U.S. death care market was valued at USD 22.19 billion in 2022 and is expected to reach USD 28.29 billion by 2028, growing at a CAGR of 4.13% during the forecast period. The death care industry of the U.S. includes organizations and companies that provide services such as cremation, funeral, burial or cremation, and memorial. The market is dominated by a few large companies such as SCI, Carriage Services, StoneMor Partners L.P., NorthStar Memorial Group, Forest Lawn Memorial-Parks & Mortuaries, and Anderson-McQueen Funeral Home. Moreover, many family-owned or individual businesses exist in the death care market. The market is driven by innovative business models and digital revolutions such as live streaming to draw consumers. The leading vendors offer various funeral services with Preneed arrangement packages.

The market report offers market size & forecast data for the death care market in the US. The revenue generated from the sale of death care is included in the report. This report provides a comprehensive and current market scenario of US death care, including the US death care market size, anticipated market forecast, relevant market segmentations, and industry trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent players operating in the market.

KEY HIGHLIGHTS:

• The U.S. death care market has risen since the COVID-19 pandemic due to growing infectious diseases. In the South and West regions, there are many states where natural disaster causes a greater number of deaths, which causes a rise in demand for death care services.
• In the US death care market, pricing, location, and professionalism are the three main criteria for selecting death care service consumers.
• In the late ’70s, the death care market of the U.S. experienced high demand for at-need arrangements. Currently, consumers prefer preneed arrangements as it reduces the stress of funeral arrangements and do not financially burden close family members.
• The market is witnessing significant growth due to a few factors, such as the number of funeral homes and cemeteries, rising demand for online funerals, increasing demand for designed caskets & urns, and rising demand for green burial.
• SCI, Carriage Services, StoneMor Partners L.P., NorthStar Memorial Group, Forest Lawn Memorial-Parks & Mortuaries, and Anderson-McQueen Funeral Home are the leading players and have strong U.S. death care market penetration. Vendors such as New Belgium Brewing Company, The Legacy Funeral Services of Texas, LLC, Montefiore Cemetery, The Spring Grove Family, and Mount Auburn Cemetery are the other prominent players with a noteworthy presence in the market.
• Over the last few years, many large companies have followed the market's acquisition strategy. For instance, SCI and Carriage Services have acquired many funeral homes and cemeteries over the last few years.
• Many companies offer personalized services and products, such as caskets and urns, trending in the U.S. death care market.
• The demand for Preneed arrangements is rising, which reduces the stress and financial burden caused due to sudden death, thus helping the companies in the market grow.