The pet accessory market is booming. A significant portion of peoplechooses to groom their pets themselves. · the report features the latest research and insights from appa’s national pet owners survey on the two largest segments of … An average of $50 to $600 is spent yearly by dog owners for dog grooming. The market for organic pet food is valued at approximately $2,318. 5 million. Almost half of america wants to know if their pet is eating the best there is to buy. ( in millions) 1. Dog and cat owners are inclined to buy premiumfoods for their pets. Whats new in dog & cat trends in 2025? A pet’s love, loyalty, and devotion can’t be denied, and people recognize it. 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. The aspcaoffers several tips to help you save money on your pet’s health care. Here are some more interesting facts about pet industry statistics in the us: · the question is: The global pet market industry valued at $235. 32 billion in 2022 and crossed $246. 66 billion in 2023 · read on to learn more about the key trends shaping the pet industry, what’s driving growth in the pet food segment, the next generation of pet parents, and more. I think i’ll go dressed as a cat lady next year. 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. Explore six pet industry trends shaping 2026 and beyond. During covid-19, 8% of adults adopted pets. · explore the latest pet industry trends and growth with key 2024 statistics, revealing insights into pet cares economic … This number fluctuates depending on the pet’s particular diet (organic, store-bought, raw, etc. ), but this is the average. Ai-generated content may sometimes contain inaccurate, incomplete, or biased information, so make sure you do additional research. 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. 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. 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. 24% of gen xers — born between 1965 and 1981 — own pets. 43% of dog owners and 41% of cat owners buy premium food for their pets. The pet industry isn’t just booming—it’s pointing to something far bigger. In 2022, the us pet industry reached $136. 8 billion. They buy brushes, otc ear medication, shampoo, and the like to do the job. What was once a niche retail category is now a cultural and economic force reshaping how we live, heal, and connect. This generation loves their “children. ” (source) Sixty-five (65) percent of 18-34-year-olds plan to get another pet in the next five years. · 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. More than 66% of us owners have at least one pet. Millennials are three times more likely to own pets than to have children. Just take a peek at facebook and instagram, and this statistic will really make sense. This indicates that this generation values their pets as family members more than ever before. 68% of whiteand 66% of hispanic adults have pets, while only 37% of asian and 34% of black adults are pet owners. This statistic shows that several other age groups were responsible for pet adoptionin 2020. There’s nowhere to go but up for the pet industry. Just like in the world of fashion, trends come and go for our beloved feline friends. Here is a breakdown of animals and the number of people who own them in the us. You should not rely on this feature for medical, financial, or legal advice. See full list on worldanimalfoundation. org What are the most interesting pet industry trends in 2024? By generation, millennials have the highest percentage of pet ownership. · what are the pet industry trends shaping 2026? Annually, americans spend around half a billion dollarson halloween costumes for their pets. 25. 8% of pet expenses are dedicated to veterinary care and products Households own non-cat or non-dog pets. Creating an answer for you using ai. · the report features the latest research and insights from appa’s national pet owners survey on the two largest segments of the pet industry, dog and cat owners , providing more than 200 pages of comprehensive analysis and visuals on owner shopping trends , sentiment, demographics and behaviors. The report covers trends in product and service innovation, retailing, industry investment, and technology, along with a detailed look at cat ownership and cat owner demographics. The global pet-sitting market size in 2023 was $2. 67 billion. The costreflects the dedication and skill required to maintain the dog’s cleanliness, health, and overall appearance. 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. The value of pet tech market in 2022 was $5 billion and is expected to increase by 15% cagr from 2023 to 2032. And the number continues to increase rapidly. Millennials have the highest pet ownership rate compared to other generations. The expected value in 2032 will cross $35 billion. As responsible pet parents, we are obligated to care for our furry friends through both sickness and health. From pet food to supplements, this list will help you see whats coming … As we watch it grow exponentially, there appears to be no ceiling for the pet industry. And our popular petsdon’t only consist of cats and dogs. The children of pet parents (gen x and baby boomers) cranked it up and are at the top of many pet ownership statistics. This can be attributed to their delayed marriage and parenthood, higher disposable income, and tendency to view pets as family members. Survey, dog owners reported an average annual spend of $442 on pet foodin 2020, while cat owners spent about $329 per year. Investment banking companies predict that millennials will increase pet ownership by 14% by 2030. The pet insurance industry has reached $4. 08 billion, according to the global pet insurance report of 2023. 5. 7 million households own a reptile. According to ypulse, 51% of millennial pet owners bought their pets a toy in the past 6 months. 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. Millennial pet owners buy the most gifts for their pets and spend the most per gift. Each dog grooming session costs $60-$90. Which brands are launching a new category in the pet industry? Exactly $73. 00. In 2023, a total of $147 billion was the actual sale in the u. s. I need to dig deeper. ’ i dug, and it is correct. Which trends will drive this growth? 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. Freshwater fish 11. 1 6. And it is expected to reach $7. 5 billion in 2028. It is projected to grow from $246. 66 billion in 2023to $368. 88 billion by 2030. A majority of pet owners see pets as family members and are treated as such. I remember researching this pet industry statistic in 2022, when it reached over $136. 8 billion, and thinking, ‘this can’t be right. My best friend’s dog was just groomed. In 2018, pet industry expenditures totaled 90. 5 million annually, derived from a morgan stanley research report. As per stats of appa, 66% of us owners have at least one pet. People want to make sure their pets are comfortable, and spending money on them is one way to do it. Americans spend $1,149 on their dogs and $1,391 on their cats per year. Consumer spending is expected to reach 275 billion b. According to global industry analysts, in 2022, the global pet market was valued at $261 billion. According to pet food industry analysis, both cat and dog owners spend around $300 annually on food and treat sales. 68% of white adults own a pet

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