The funeral market in Italy

Since 2020, the global undertaker market has seen notable growth, largely attributed to an increase in mortality rates due to the COVID-19 pandemic. In particular, industry sales rose by 6.1% worldwide in 2020. Germany has undergone a demographic shift with an aging population, the mortality rate having risen from 10.6 to 11.9 per 1,000 inhabitants in 2020, which has stimulated the funeral market. The German funeral industry is highly fragmented and dominated by small businesses; 97.4% of funeral companies will have fewer than 20 employees by 2020. Geographical price disparities exist in Germany, with service costs varying according to region and type of funeral . An upward trend in the preference for cremation over traditional burial has been observed, with cremations accounting for 77% of funerals in 2021. The funeral market is expected to continue to grow, with the global market set to rise from a value of $62.5 billion in 2023 to $113 billion in 2033. The German funeral market is a

The Belgian funeral market is estimated at around 800 million euros, based on 115,000 deaths per year and an average funeral cost of 7,000 euros. Cremation is the preferred choice of over 60% of Belgians. The structure of the market has evolved, with a trend towards consolidation of small family businesses and the emergence of low-cost services. Adoption of funeral insurance has increased, with almost 15% of Belgians holding policies. Funeral services have also gone digital, offering online platforms and streaming services. The majority of deaths occur in the Flemish region, accounting for 58% of the total. In Belgium, the number of citizens aged over 65 represents around 20% of the population. Digital funeral planning platforms and even virtual cemeteries are gaining ground. Funeral services for pets are also developing rapidly Belgian market player. DELA: A major player in the Belgian funeral insurance market Roc Eclerc Alveus Scrl Sereni Budget Funerals: This company responds to the

As of 2020, the global funeral market has experienced a notable surge in demand, primarily due to the COVID-19 pandemic, which led to a significant increase in mortality rates. This trend caused a stark upturn in funeral services, with Spain witnessing a 17.7% increase in deaths in 2020 compared to the previous year and its funeral sector reaching a turnover of 1,700 million euros. The aging population in Spain, with seniors aged 65 or over making up 20.1% of the national populace, is leading to a projected increase in deaths, estimated to grow annually by 0.4% to 1.2% over the next 20 years. Consequently, the funeral services market in Spain is evolving, with a noticeable shift toward cremation, which now accounts for around 44.9% of funeral services, and a growing preference for digital and sustainable funeral options. There is also a high prevalence of funeral insurance in Spain, with over 46% of the population covered, indicating a unique market trend within the country. Regional l