Key Takeaways
- The U.S. funeral services industry revenue reached $20.5 billion in 2023, up 2.8% from the previous year driven by aging population.
- Global deathcare market size was valued at $112.4 billion in 2022 and projected to grow to $145.7 billion by 2030 at a CAGR of 3.3%.
- U.S. cemetery revenue totaled $6.2 billion in 2023, with a 1.5% YoY growth amid rising pre-need sales.
- In 2023, 58.5% of U.S. deaths resulted in cremation, up from 56.8% in 2022.
- UK cremation rate hit 79% in 2023, highest on record, with 1.2 direct cremations daily average.
- Canada saw 74.6% cremation rate in 2023, projected to reach 80% by 2025.
- Average U.S. funeral cost was $8,300 in 2023, excluding vault and plot fees.
- Median U.S. cremation cost $6,970 in 2023, up 4.5% from 2022 inflation.
- UK average funeral cost £4,200 in 2023, 10% rise driven by staff wages and energy.
- U.S. annual deaths totaled 3.46 million in 2023, up 6% from 2020.
- Global deaths reached 61.6 million in 2023, 8.7 per 1,000 population.
- U.S. COVID-19 deaths 75,000 in 2023, down 85% from 2021 peak.
- U.S. funeral directors numbered 28,500 in 2023, 2% decline from 2020.
- Global deathcare workforce estimated 1.2 million in 2023, 60% in Asia.
- SCI employed 16,000 staff in 2023 across 1,500 locations.
The aging population is driving steady growth in the global deathcare industry as cremation rates rise.
Cremation Statistics
- In 2023, 58.5% of U.S. deaths resulted in cremation, up from 56.8% in 2022.
- UK cremation rate hit 79% in 2023, highest on record, with 1.2 direct cremations daily average.
- Canada saw 74.6% cremation rate in 2023, projected to reach 80% by 2025.
- Australia cremation rate was 75.2% in 2023, varying from 68% in Tasmania to 82% in ACT.
- Global cremation rate averaged 45% in 2023, with Asia at 60% led by Japan 99.97%.
- U.S. states with highest cremation: Nevada 82.4%, Oregon 79.1%, Washington 77.3% in 2023.
- Europe cremation average 52% in 2023, Czech Republic 85%, UK 79%, lowest Portugal 12%.
- South Korea cremation rate 87.3% in 2023, due to land scarcity and cultural shifts.
- U.S. cremation with memorial service 41.6% of cases in 2023, down from 43.2% prior year.
- India cremation rate 80% in 2023, but rising green cremations at 5% of total.
- Brazil cremation rate reached 25% in 2023, up from 20% in 2020 due to urbanization.
- U.S. alkaline hydrolysis (water cremation) performed 15,000 cases in 2023, up 25%.
- Scandinavia average cremation 82% in 2023: Sweden 80.5%, Denmark 85.2%, Norway 78%.
Cremation Statistics Interpretation
Death Rates & Mortality
- U.S. annual deaths totaled 3.46 million in 2023, up 6% from 2020.
- Global deaths reached 61.6 million in 2023, 8.7 per 1,000 population.
- U.S. COVID-19 deaths 75,000 in 2023, down 85% from 2021 peak.
- World life expectancy 73.4 years in 2023, females 76.1, males 70.8.
- U.S. heart disease caused 695,000 deaths in 2023, 20% of total.
- Cancer deaths globally 10 million in 2023, lung cancer leading at 1.8 million.
- U.S. age 65+ deaths 90% of total 3.46 million in 2023.
- Europe annual deaths 5.4 million in 2023, Italy highest rate 12.5 per 1,000.
- Opioid overdose deaths U.S. 81,000 in 2023, down 3% from 2022.
- Baby boomers (born 1946-1964) caused 45% U.S. death increase since 2019.
- Global infant mortality rate 28 per 1,000 live births in 2023.
- U.S. suicide deaths 49,500 in 2023, rate 14.2 per 100,000.
- China reported 10.4 million deaths in 2023, rate 7.4 per 1,000.
- U.S. gun violence deaths 43,000 in 2023, 54% suicides.
- UK annual deaths 615,000 in 2023, dementia leading cause at 75,000.
Death Rates & Mortality Interpretation
Funeral Costs
- Average U.S. funeral cost was $8,300 in 2023, excluding vault and plot fees.
- Median U.S. cremation cost $6,970 in 2023, up 4.5% from 2022 inflation.
- UK average funeral cost £4,200 in 2023, 10% rise driven by staff wages and energy.
- Canada average traditional burial $7,800 CAD in 2023, cremation $5,200 CAD.
- Australia mean funeral cost AUD 9,300 in 2023, with caskets at 25% of total.
- U.S. casket average price $2,400 in 2023, metal $2,700, wood $2,100.
- Europe average funeral €5,500 in 2023, highest Germany €7,200, lowest Spain €3,800.
- U.S. embalming fee averaged $850 in 2023, required for 45% of viewings.
- Brazil average funeral cost BRL 8,500 in 2023, urban areas 20% higher.
- Japan average funeral ¥2.5 million in 2023, including elaborate rituals.
- U.S. direct cremation average $2,200 in 2023, 60% choose no service.
- Pre-need funeral insurance covered 25% of U.S. funerals in 2023, average payout $10,000.
- Average U.S. cemetery plot $1,500 in 2023, mausoleum $4,000 per space.
- India average funeral cost INR 50,000 in 2023 for urban Hindu cremations.
- U.S. urn purchase average $150 for basic, $500 custom in 2023 sales.
Funeral Costs Interpretation
Industry Employment
- U.S. funeral directors numbered 28,500 in 2023, 2% decline from 2020.
- Global deathcare workforce estimated 1.2 million in 2023, 60% in Asia.
- SCI employed 16,000 staff in 2023 across 1,500 locations.
- U.S. embalmers certified 15,200 in 2023, average salary $55,000.
- UK funeral directors 12,000 professionals in 2023, 70% self-employed.
- Crematory operators U.S. 4,800 in 2023, median wage $48,300.
- Australia funeral industry 18,000 jobs in 2023, 3% growth.
- Women comprise 25% of U.S. funeral directors in 2023, up from 12% in 2010.
- Canada cemetery workers 5,200 in 2023, average salary CAD 52,000.
- Matthews International 4,000 deathcare employees in 2023 globally.
- U.S. funeral service managers 35,000 in 2023, projected 4% decline by 2032.
- India deathcare informal workers 800,000 in 2023, mostly family-run.
- Europe funeral workforce 250,000 in 2023, highest Germany 60,000.
- U.S. casket makers 2,100 employed in 2023, industry shrinking 5% annually.
- Brazil funeral sector 45,000 jobs in 2023, urban concentration 70%.
Industry Employment Interpretation
Market Size & Growth
- The U.S. funeral services industry revenue reached $20.5 billion in 2023, up 2.8% from the previous year driven by aging population.
- Global deathcare market size was valued at $112.4 billion in 2022 and projected to grow to $145.7 billion by 2030 at a CAGR of 3.3%.
- U.S. cemetery revenue totaled $6.2 billion in 2023, with a 1.5% YoY growth amid rising pre-need sales.
- Cremation services in North America generated $4.8 billion in 2022, expected to reach $7.1 billion by 2028.
- Batesville Casket Company reported $800 million in sales for 2023, dominating 45% of U.S. casket market share.
- European deathcare market valued at €25.6 billion in 2023, with 4% growth from eco-friendly services demand.
- U.S. pre-need funeral contracts sales hit $12 billion in 2023, covering 30% of future funerals.
- Asia-Pacific deathcare industry reached $45.2 billion in 2022, growing at 5.1% CAGR due to urbanization.
- Wilbert Funeral Services generated $450 million revenue in 2023 from vaults and cremation urns.
- UK funeral sector revenue was £2.1 billion in 2023, up 3% from direct cremations rise.
- U.S. funeral home industry profit margin averaged 12.5% in 2023, highest in a decade.
- Global casket and coffin market size $8.9 billion in 2023, projected 4.2% CAGR to 2030.
- Canadian deathcare market valued at CAD 3.8 billion in 2023, with 2.9% growth.
- SCI (Service Corporation International) reported $4.15 billion revenue in 2023, 48% market share.
- Australian funeral industry revenue $1.7 billion AUD in 2023, driven by 75% cremation rate.
- U.S. mortuary services subsector grew 1.8% to $3.4 billion in 2023.
- Latin America deathcare market $18.5 billion in 2022, 3.7% CAGR forecast.
- Matthews International deathcare segment revenue $1.2 billion in FY2023.
- Japan funeral market $15 billion in 2023, contracting 1.2% due to low birth rates.
- U.S. urn market sales reached $250 million in 2023, up 15% YoY.
Market Size & Growth Interpretation
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