THE U.S. DEATH CARE MARKET SIZE 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 U.S. Death Care Market Size, Share, & Trends Analysis Report by

  • Operations: Funeral Homes And Cemeteries
  • Ownership: Corporate and Family-Owned Business
  • Arrangement: Preneed and Atneed
  • Region: U.S. (West, North-East, South, and Midwest)

Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023–2028.

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U.S. DEATH CARE MARKET REPORT SCOPE

Report Attribute Details
Market Size (2028) USD 22.19 Billion
Market Size (2022) USD 28.29 Billion
CAGR (2022-2028) 4.13%
Base Year 2022
Forecast Year 2023-2028
Market Segments Operations, Ownership, Arrangement, and Region
Regional Analysis U.S. (West, North-East, South, and Midwest)
KEY VENDORS Service Corporation International, StoneMor Partners L.P., Carriage Services, Inc., NorthStar Memorial Group, Anderson-McQueen Funeral Home, and Forest Lawn Memorial-Parks & Mortuaries

INDUSTRY OUTLOOK

The U.S. death care market size 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 U.S. death care market is witnessing significant growth due to the increasing number of funeral homes and cemeteries, rising demand for online funerals, increasing demand for designed caskets & urns, and rising demand for green burial.

Death care refers to companies and businesses offering post-death services, such as cremations, memorials, and funerals, to their clients. In the US, funeral homes, cemeteries, and crematories are death care service providers. Around 15,000 death care service providers in the US prepare the dead for burial or interment, conduct funerals, and operate sites or facilities reserved for the interment of human or animal remains.

The U.S. death care market has been rising since the COVID-19 pandemic due to growing infectious diseases. In the South and West region, there are many states where natural disaster causes a greater number of deaths, which causes the rise in demand for death care services.

Why This Report?

This report provides

  • Quick check market conditions & historical data of the industry
  • Overviews of top manufacturers/marketed products, pipeline analysis, clinical trial analysis, competitive landscape, vendor profiles, mergers & acquisitions
  • Reliable forecast data to support your business plans and goals
  • Insights to formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the performance of various competitors
  • Identifies emerging players with potentially strong product portfolios and creates effective counter strategies to gain a competitive advantage

U.S Death Care Market Trends & Drivers

  • Increasing Employment Opportunities for Funeral Service Workers
    The employment of funeral morticians and directors has been growing significantly since the COVID-19 pandemic in the US. As the aging population rises, the country's demand for funeral service workers will grow. Many companies have openings for crematory operators, funeral directors, embalmers, etc. As consumer preference for buying funeral services rises, workers will have more employment opportunities.
  • Efforts to Legalize Composting Deceased Human Bodies
    The composting of human bodies is also called terramation. For the terramation process, the required energy is far less than that of the cremation process. The stimulation of microbes in human bodies takes sixty days to transform into fertile, usable soil. Terramation is fast gaining traction in the U.S. death care market. Many states are trying to legalize composting human bodies. For instance, New York has become the 6th state to gain permission to compost human bodies.
  • Rising Demand for Green Alternatives
    The number of green alternatives for cremation and burial is increasing in the US. At present, there is a preference for environment-friendly ways of burial and cremation. A biodegradable burial suit made of microorganisms and mushrooms is one of the green burial methods. The demand for biodegradable urns and caskets has risen over the last few years. Alkaline hydrolysis, water cremation, and human composting are different types of green cremations.
  • Dominance of Family-Owned Funeral Homes
    Most businesses in the US death care industry are small businesses or family-owned businesses. Over 85% of funeral homes are privately owned. Most cemeteries are owned privately, and many are owned by religious institutions, non-profit organizations, municipalities, or families. Hence, there is intense competition in the market. Due to the intense competition, companies offer their services at discounted prices. Consumers also get price benefits and good facilities. Thus, consumers prefer funeral homes post-death of family members, which drives the death care market in the US.

High Cost of Death Care Services Have been One of The Major Restraint
The cost of death care services is very high in the US. This includes the cost of headstones, gaskets, or urns, the wages of cemetery laborers, the funeral director’s salary, and other costs of funeral home services. The median cost of a funeral is around USD 8,000, while the cost of cremation is around $7,000. The average cost of funeral homes has been higher than the average cost over the last few years. This has increased during the pandemic and may hinder the growth of the death care market in the US.

INSIGHTS BY OPERATIONS
Funeral homes hold a major share of the U.S. death care market. Analysts at Arizton expect a growth rate of over 4% by 2028. The market is witnessing significant growth due to the rising demand for professional funeral services, the rising geriatric population, and the increasing number of deaths. Funeral homes in the US offer professional services for the deceased and their families. These companies offer end-to-end funeral services per customer needs. Funeral homes often offer high-value services in line with family reputation and tradition. Further, the rising trend of eco-friendly and green burials, including biodegradable caskets, virtual grave visitation, and online memorials, is rising in U.S. cemeteries. The cemeteries segment is expected to grow at the fastest CAGR during the forecast period.

INSIGHTS BY ARRANGEMENTS
The Preneed arrangement segment of the U.S. death care market is growing significantly during the forecast period as it reduces the stress of funeral arrangements and financial burden. Most funeral homes and cemeteries offer Preneed services. Companies that offer such services also offer attractive discounts, which is a major factor in driving the death care market in the US. The rising geriatric population is one of the major factors driving the growth of the preneed arrangements market. Also, the rising number of deaths due to injuries caused by accidents, suicides, and others drives the Atneed arrangement segment.

INSIGHTS BY OWNERSHIP
Family-owned/ individual businesses in the death care industry of the U.S. increased during the Covid-19 pandemic. Post-pandemic, the demand is rising due to the rise in infectious diseases—the family-owned business segment will reach more than USD 20 billion by 2028. Further, as large companies continuously acquire family-owned/individual businesses, with rising consumer preference for professionalism and availability of a wide range of services, corporate/ large companies’ ownership segment is rising significantly in the US.

INSIGHT BY REGION
The South region of the U.S. contributes almost more than 40% of the market revenue. The Southern region of the United States boasts the highest concentration of funeral homes nationwide. Within this region, several states, including Texas, Washington D.C., North Carolina, Florida, and Georgia, are home to over 500 funeral homes each. This phenomenon significantly contributes to the overall growth and vitality of the death care market in the United States.

One notable aspect of the Southern region is its comparatively higher death rates, partly attributable to a lower life expectancy than other regions. This elevated mortality rate fuels the demand for funeral homes and cemeteries in this area. Furthermore, the Southern region faces unique challenges, such as the prevalence of tropical diseases like Zika, dengue, and chikungunya, transmitted by Aedes mosquitoes. These diseases have a substantial impact on the death rate in this region. Additionally, extreme weather events, such as hurricanes and tornadoes, contribute to increased physical injuries and fatalities. Furthermore, increased exposure to dust due to expanding agricultural activities has led to a surge in cardiovascular and respiratory health problems, ultimately resulting in a higher number of deaths. 

COMPETITIVE LANDSCAPE

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 market penetration. Further, 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.

Frequently Asked Questions

What is the U.S. death care market size?

The U.S. death care market size will reach USD 28 billion by 2028.

What is the growth rate of the U.S. death care market?

The U.S. Death Care market share will grow at a CAGR of 4.13% during 2023-2028.

What is driving the demand for death care in the U.S.?

The U.S. death care market is witnessing significant growth due to the increasing number of funeral homes and cemeteries, rising demand for online funerals, increasing demand for designed caskets & urns, and rising demand for green burial.

Who are the leading vendors in the U.S. death care market?

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 market penetration.

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The U.S. death care market size is expected to grow at a CAGR of approximately 4.13% from 2022 to 2028.

The following factors are likely to contribute to the growth of the U.S. death care market during the forecast period:

  • The Increasing Employment Opportunities for Funeral Service Workers
  • Efforts to Legalize Composting Deceased Human Bodies
  • The Rising Demand for Green Alternatives
  • Dominance of Family-Owned Funeral Homes

Base Year: 2022

Forecast Year: 2023-2028

The report considers the present scenario of the U.S. death care market and its market dynamics for 2023−2028. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the industry. It also profiles and analyzes leading companies and several other prominent companies operating in the market.

Key Company Profiles

  • Service Corporation International
    • Business Overview
    • Product Offerings
  • StoneMor Partners L.P.
  • Carriage Services, Inc.
  • NorthStar Memorial Group
  • Anderson-McQueen Funeral Home
  • Forest Lawn Memorial-Parks & Mortuaries

Other Prominent Vendors

  • Legacy Funeral Services of Texas, LLC
    • Business Overview
    • Product Offerings
  • Montefiore Cemetery
  • The Spring Grove Family
  • Mount Auburn Cemetery
  • Pinelawn Cemetery
  • Cypress Hills Cemetery
  • Texarkana Funeral Home, Inc.
  • The Catholic Cemeteries Association
  • Mountain View Cemetery Association
  • West Laurel Hill Cemetery Co
  • McMahon, Lyon & Hartnett Funeral Home, Inc.
  • Newton Cemetery Corp
  • Nosek-McCreery Funeral Home
  • Green Cremation
  • The Baue Funeral Home Co
  • Mulhearn Funeral Home
  • Jefferson Memorial Cemetery Funeral Home and Crematory
  • East Lawn, Inc.
  • Foundation Partners Group, LLC
  • Neptune Society
  • St Joseph's Roman Catholic Church Inc
  • Duggan's Serra Mortuary
  • Porter Loring Mortuaries
  • GREEN LAWN CEMETERY ASSOCIATION
  • Better Place Forests Co.
  • Washington Park Cemetery Assn.
  • National Cremation
  • Mount Auburn Cemetery
  • Restland Funeral Home and Cemetery
  • Mount Lebanon Cemetery

Segmentation by Operations

  • Funeral Homes
  • Cemeteries

Segmentation by  Arrangements

  • Atneed
  • Preneed

Segmentation by Ownership

  • Corporate
  • Family Owned Business

Segmentation by Region

  • The U.S.
    • Western U.S.
    • North-East U.S.
    • Southern U.S.
    • Mid-Western U.S.
  • CHAPTER 1: US Death Care Market Overview
    • Executive Summary
    • Key Findings
    • Key Developments

  • CHAPTER 2: US Death Care Market Segmentation Data
  • Operations Market Insights (2022-2028)
    • Funeral Homes
    • Cemeteries
  • Arrangements Channel Market Insights (2022-2028)
    • Preneed
    • Atneed
  • Ownership Market Insights (2022-2028)
    • Family Owned/ Individual Business
    • Corporate/ Large Companies
  • Region Market Insights (2022-2028)
    • South
    • Mid-West
    • North-East
    • West

  • CHAPTER 3: US Death Care Market Prospects & Opportunities
    • US Death Care Market Drivers
    • US Death Care Market Trends
    • US Death Care Market Constraints

  • CHAPTER 4: US Death Care Market Overview
    • US Death Care - Competitive Landscape
    • US Death Care - Key Players
    • US Death Care - Key Company Profiles

  • CHAPTER 5: Appendix
    • Research Methodology
    • Abbreviations
    • Arizton

Exhibit 1: US Death Care Market ($ BN)

Exhibit 2: US Death Care Market by Funeral Homes ($ BN))

Exhibit 3: US Death Care Market by Cemeteries ($ BN)

Exhibit 4: US Death Care Market by Preneed ($ BN)

Exhibit 5: US Death Care Market by a Need ($ BN)

Exhibit 6: US Death Care Market by Family Owned/Individual Business ($ BN)

Exhibit 7: US Death Care Market by Corporate/ Large Companies ($ BN)

Exhibit 8: US Death Care Market by South ($ BN)

Exhibit 9: US Death Care Market by Mid-West ($ BN)

Exhibit 10: US Death Care Market by North-East ($ BN)

Exhibit 11: US Death Care Market by West ($ BN)

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