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
Cremation Statistics Interpretation
Death Rates & Mortality
Death Rates & Mortality Interpretation
Funeral Costs
Funeral Costs Interpretation
Industry Employment
Industry Employment Interpretation
Market Size & Growth
Market Size & Growth Interpretation
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