United States Death Care Market Research Report 2024
United States Death Care Market Industry Analysis And Forecast (2024- 2032) By Operations (Funeral Homes, Cemeteries), Ownership (Corporate, Family-Owned Business), Arrangement (Preneed, Atneed), Distribution Channel (Online, Offline), Product & Services (Caskets & Vaults, Facility Rentals, Embalming & Cosmetic Preparation, Urns)
United States Death Care Market Synopsis
The United States Death Care Market was worth USD 23.26 Billion in 2023. As such, the forecast is that the market is expected to reach USD 35.78 Billion by 2032 with a CAGR of 4.9% from 2024 to 2032.
Death care refers to services related to handling, managing, and memorializing the deceased. It includes funeral planning, cremation, burial, embalming, and grief support, along with the sale of coffins, urns, and headstones. Professionals in this industry, such as funeral directors and morticians, provide compassionate care for families while respecting cultural, religious, and personal preferences.
The U.S. death care market, encompassing funeral homes, cemeteries, crematories, and memorial services, is a growing sector driven by the aging population, cultural shifts, and evolving consumer preferences. In 2023, the market was valued at approximately $23.26 billion, with funeral services and cemeteries being the largest segments. Cremation rates have significantly increased, surpassing 50%, largely due to lower costs compared to traditional burials and changing attitudes toward memorialization. Additionally, green funerals and eco-friendly alternatives are gaining traction, driven by environmental concerns.
Key players like Service Corporation International (SCI) and StoneMor Partners dominate the market, offering bundled funeral and cemetery services. Pre-need funeral planning, where consumers arrange and pay for services in advance, is also on the rise, providing financial predictability for families and businesses alike.
Technological advancements, including online memorial services, virtual tributes, and personalized digital tools, are transforming how families honor their loved ones. However, the industry faces challenges such as rising operational costs, increasing regulation, and heightened competition from independent service providers. Overall, the U.S. death care market continues to evolve to meet the demands of modern consumers while balancing tradition with innovation.
Top Key Players Involved Are:
"Service Corporation International (SCI), StoneMor Inc., Carriage Services Inc., Park Lawn Corporation, Foundation Partners Group, Matthews International Corporation, Hillenbrand, Inc., NorthStar Memorial Group, Funeral Directors Life Insurance Company (FDLIC), Assurant Inc., Dignity Memorial, Batesville Casket Company, National Guardian Life Insurance Company, Security National Life Insurance Company, Wilbert Funeral Services, Inc., and Other Active Players."
United States Death Care Market Trend Analysis
Increasing Elderly Population:
- The increasing elderly population is a significant driving factor for the United States Death Care Market. As the baby boomer generation continues to age, the demand for death care services is rising sharply. This demographic shift is leading to a higher need for various services, including funeral planning, burial, cremation, and related products. With more individuals reaching advanced ages, families and individuals are increasingly seeking comprehensive and personalized end-of-life services.
- Funeral homes, crematories, and cemeteries are adapting to these changing needs by offering more diverse and flexible options. This includes customizable funeral packages, eco-friendly burial options, and innovative memorialization methods. Additionally, the growing focus on pre-need planning and advance directives is shaping the market, as people look to manage their end-of-life arrangements ahead of time.
- The increased demand from the elderly population is not only expanding the market but also driving innovations and improvements in the quality and variety of death care services, making it a dynamic and evolving sector..
Green Burial and Eco-Friendly Options Creates an Opportunity for the United States Death Care Market
- The United States death care market is witnessing a shift towards green burial and eco-friendly options, reflecting growing environmental awareness and changing consumer preferences. Green burial, which emphasizes minimal environmental impact, involves natural decomposition without embalming chemicals or conventional caskets. This practice appeals to individuals seeking a sustainable and respectful end-of-life option. Similarly, eco-friendly alternatives, such as biodegradable urns and plantable memorials, align with values of environmental stewardship and sustainability.
- These options present significant opportunities for market growth as consumers increasingly prioritize eco-conscious choices. Funeral homes and cemeteries that offer green and eco-friendly services can attract a niche yet expanding clientele concerned about their environmental footprint. Additionally, integrating such options can enhance a business’s reputation and appeal to younger, environmentally minded generations. As awareness and demand for sustainable practices continue to rise, the death care market can expect increased adoption of green burial and eco-friendly services, driving innovation and growth in this segment.
United States Death Care Market Segment Analysis:
The United States Death Care Market is Segmented into Operations, Ownership, Arrangement, Distribution Channel, Product & Services.
By Operations, the Funeral Homes segment is expected to dominate the market during the forecast period.
- In the United States, the Death Care Market is projected to be dominated by the Funeral Homes segment due to several key factors. Funeral homes provide a comprehensive range of services, including preparation, embalming, and conducting funeral ceremonies, which are integral to the death care process. This segment benefits from the high demand for personalized and traditional funeral services, as well as the increasing preference for pre-arranged funeral plans.
- The rise in the aging population, with a growing number of seniors requiring end-of-life services, further supports the dominance of funeral homes. Additionally, the industry's shift towards more customized and memorial-focused services aligns with consumer preferences for meaningful tributes and ceremonies. As funeral homes continue to innovate and offer diverse services, such as eco-friendly options and advanced technology integration, their market share is expected to expand. Overall, the Funeral Homes segment is well-positioned to lead the U.S. Death Care Market, driven by both demographic trends and evolving consumer needs..
By Arrangement, the Preneed segment held the largest share in 2023.
- The Preneed segment held the largest share of the United States Death Care Market due to a combination of evolving consumer preferences and increased financial planning awareness. Preneed arrangements involve pre-paying for funeral and burial services, allowing individuals to manage their end-of-life expenses in advance. This segment's dominance is driven by growing demand for personalized funeral services, financial stability, and peace of mind.
- Consumers increasingly prefer to secure their final arrangements ahead of time to alleviate the burden on their families and ensure their wishes are fulfilled. The segment benefits from its proactive approach, which appeals to individuals seeking to pre-plan and pre-finance their death care services. Moreover, the rising trend of financial planning and estate management has led to greater acceptance and adoption of preneed services. Consequently, the Preneed segment's significant market share reflects its importance in the broader death care industry, as it offers both emotional comfort and financial benefits to consumers and their families.
United States Death Care Market Top Key Players:
- Service Corporation International (SCI)
- StoneMor Inc.
- Carriage Services Inc.
- Park Lawn Corporation
- Foundation Partners Group
- Matthews International Corporation
- Hillenbrand, Inc.
- NorthStar Memorial Group
- Funeral Directors Life Insurance Company (FDLIC)
- Assurant Inc.
- Dignity Memorial
- Batesville Casket Company
- National Guardian Life Insurance Company
- Security National Life Insurance Company
- Wilbert Funeral Services, Inc., and Other Active Players.
Key Industry Developments:-
- In Sep 2024, Foundation Partners Group, the second largest provider of funeral services in the United States, announced the acquisition of Cake, a trailblazer in online end-of-life planning tools and resources that makes mortality planning more of “a piece of cake.” The cake is also a symbol of celebrating life moments and honoring life.
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United States Death Care Market |
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Base Year: |
2023 |
Forecast Period: |
2024- 2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 23.26 Bn. |
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Forecast Period 2024-32 CAGR: |
4.9% |
Market Size in 2032: |
USD 35.78 Bn. |
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Segments Covered: |
By Operations |
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By Product & Services |
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By Region |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: US Death Care Market by Operations
4.1 US Death Care Market Snapshot and Growth Engine
4.2 US Death Care Market Overview
4.3 Funeral Homes
4.3.1 Introduction and Market Overview
4.3.2 Historic and
Frequently Asked Questions
What would be the forecast period in the United States Death Care Market research report?
The forecast period in the United States Death Care Market research report is 2024- 2032.
Who are the key players in the United States Death Care Market?
Service Corporation International (SCI), StoneMor Inc., Carriage Services Inc., Park Lawn Corporation, Foundation Partners Group, Matthews International Corporation, Hillenbrand, Inc., NorthStar Memorial Group, Funeral Directors Life Insurance Company (FDLIC), Assurant Inc., Dignity Memorial, Batesville Casket Company, National Guardian Life Insurance Company, Security National Life Insurance Company, Wilbert Funeral Services, Inc., and Other Active Players.
What are the segments of the United States Death Care Market?
The United States Death Care Market is Segmented into Operations, Ownership, Arrangement, Distribution Channel, Product & Services. By Operations the market is categorized into Funeral Homes and Cemeteries. Ownership the market is categorized into Corporate and family-owned Businesses. Arrangement the market is categorized into Preneed, Atneed. Distribution Channel the market is categorized into Online and offline. Product & Services the market is categorized into Caskets & Vaults, Facility Rentals, Embalming & Cosmetic Preparation, and Urns.
How big is the United States Death Care Market?
The United States Death Care Market was worth USD 23.26 Billion in 2023. As such, the forecast is that the market is expected to reach USD 35.78 Billion by 2032 with a CAGR of 4.9% over the period from 2024 to 2032.
What is the United States Death Care Market?
Death care refers to services related to handling, managing, and memorializing the deceased. It includes funeral planning, cremation, burial, embalming, and grief support, along with the sale of coffins, urns, and headstones. Professionals in this industry, such as funeral directors and morticians, provide compassionate care for families while respecting cultural, religious, and personal preferences..
