As responsible pet parents, we are obligated to care for our furry friends through both sickness and health. During covid-19, 8% of adults adopted pets. The costreflects the dedication and skill required to maintain the dog’s cleanliness, health, and overall appearance. According to global industry analysts, in 2022, the global pet market was valued at $261 billion. In 2023, a total of $147 billion was the actual sale in the u. s. Consumer spending is expected to reach 275 billion b. 43% of dog owners and 41% of cat owners buy premium food for their pets. A significant portion of peoplechooses to groom their pets themselves. Explore top pet industry trends for 2026, such as market growth, pet wellness, sustainability, tech, ai, and more in this guide for pet care businesses. This indicates that this generation values their pets as family members more than ever before. People want to make sure their pets are comfortable, and spending money on them is one way to do it. This growth can be attributed to the increasing demand for high-quality and specialized veterinary care services, including preventive care, diagnostics, and treatments for a wide range of pet health conditions. An average of $50 to $600 is spent yearly by dog owners for dog grooming. Just like in the world of fashion, trends come and go for our beloved feline friends. They buy brushes, otc ear medication, shampoo, and the like to do the job. The pet insurance industry is forecasted to grow to usd 8. 46 billionby 2029 from usd 4. 61 billion in 2024, according to the global pet insurance report. 68% of white adults own a pet The children of pet parents (gen x and baby boomers) cranked it up and are at the top of many pet ownership statistics. Annually, americans spend around half a billion dollarson halloween costumes for their pets. I remember researching this pet industry statistic in 2022, when it reached over $136. 8 billion, and thinking, ‘this can’t be right. · if you’re interested in getting a pet cat or already have one, we put together a list of pet industry cat trends to watch for this year. Millennials are three times more likely to own pets than to have children. The aspcaoffers several tips to help you save money on your pet ’s health care. 25. 8% of pet expenses are dedicated to veterinary care and products 24% of gen xers — born between 1965 and 1981 — own pets. The global pet -sitting market size in 2023 was $2. 67 billion. Thirty-seven percent of u. s. This statistic shows that several other age groups were responsible for pet adoptionin 2020. Exactly $73. 00. Just take a peek at facebook and instagram, and this statistic will really make sense. The global pet industry is projected to reach $300 billion by 2030. According to pet food industry analysis, both cat and dog owners spend around $300 annually on food and treat sales. Over two in fivemillennial pet owners aged 16-34 view their pets as their children, and an equal number report that spending more time at home has strengthened their bond with their pets. See full list on worldanimalfoundation. org As we watch it grow exponentially, there appears to be no ceiling for the pet industry. Almost half of america wants to know if their pet is eating the best there is to buy. From pet food to supplements, this list will help you see whats coming around the corner in the pet space. Survey, dog owners reported an average annual spend of $442 on pet foodin 2020, while cat owners spent about $329 per year. And the number continues to increase rapidly. It is projected to grow from $246. 66 billion in 2023to $368. 88 billion by 2030. Here are some more interesting facts about pet industry statistics in the us: The market for organic pet food is valued at approximately $2,318. 5 million. 68% of whiteand 66% of hispanic adults have pets, while only 37% of asian and 34% of black adults are pet owners. In 2022, the us pet industry reached $136. 8 billion. · here are 7 important trends in the pet industry for 2025 and beyond. In 2023, a total of $147 billion in sales was reported in the u. s. , which is projected to increase to $150. 6 billion in 2024. Ai-generated content may sometimes contain inaccurate, incomplete, or biased information, so make sure you do additional research. Creating an answer for you using ai. Moreover, gia asserted that “the global pet industry is considered one of the fastest-growing market segments. ” even in times of poor economies, the pet industry trends don’t seem to notice. More than 66% of us owners have at least one pet. The value of pet tech market in 2022 was $5 billion and is expected to increase by 15% cagr from 2023 to 2032. This can be attributed to their delayed marriage and parenthood, higher disposable income, and tendency to view pets as family members. There’s nowhere to go but up for the pet industry. And our popular petsdon’t only consist of cats and dogs. The pet sitting market is on track to hit $3. 94 billion by 2027, growing at a 10. 26% annual rate, and covers services like feeding, exercise, and medication for pets. The pet insurance industry has reached $4. 08 billion, according to the global pet insurance report of 2023. And it is expected to reach $7. 5 billion in 2028. In 2018, pet industry expenditures totaled 90. 5 million annually, derived from a morgan stanley research report. · pet owners are concerned about affordability and access to pet services and veterinary care. Dog and cat owners are inclined to buy premiumfoods for their pets. Having a pet in europe is cheaper than in the us, with the annual cost of owning a dog calculated at €739 ($798) and owning a cat at €500 ($540). Investment banking companies predict that millennials will increase pet ownership by 14% by 2030. Americans spend $1,149 on their dogs and $1,391 on their cats per year. This number fluctuates depending on the pet ’s particular diet (organic, store-bought, raw, etc. ), but this is the average. The global pet market industry valued at $235. 32 billion in 2022 and crossed $246. 66 billion in 2023 Pet owners are concerned about access to veterinary care, with 60% citing affordability and 32% saying ease of getting an appointment as their top concerns. Sixty-five (65) percent of 18-34-year-olds plan to get another pet in the next five years. Americans buy halloween costumes worth $490 million for their pets annually. The global pet -sitting market size in 2023 is expected to be $2. 67 billion. Here is a breakdown of animals and the number of people who own them in the us. Millennial pet owners buy the most gifts for their pets and spend the most per gift. I think i’ll go dressed as a cat lady next year. The expected value in 2032 will cross $35 billion. · in 2025, bi estimates that 54% of the european pet population will be cats , compared to 49% in the us. A majority of pet owners see pets as family members and are treated as such. A pet ’s love, loyalty, and devotion can’t be denied, and people recognize it. · for decades, the u. s. Imarc group forecasts that by 2032, this pet food market will grow to $5,458. 3 million, with a cagr of 9. 68% from 2024 to 2032. The pet accessory market is booming. Pet supplements take off. Households own non-cat or non-dog pets. Each dog grooming session costs $60-$90. This generation loves their “children. ” (source) The question is: By generation, millennials have the highest percentage of pet ownership. Which trends will drive this growth? (in millions) 1. Packaged facts analysts suggest that this dynamic may be increasingly outdated as 2025 gives way to 2024. I need to dig deeper. ’ i dug, and it is correct. 5. 7 million households own a reptile. Pet food industry has focused on dogs, with cats treated as a smaller, secondary opportunity. My best friend’s dog was just groomed. Freshwater fish 11. 1 6. As per stats of appa, 66% of us owners have at least one pet. Millennials have the highest pet ownership rate compared to other generations. You should not rely on this feature for medical, financial, or legal advice. According to ypulse, 51% of millennial pet owners bought their pets a toy in the past 6 months.

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