· right now, the pet care industry needs to respond to the changing preferences of today’s pet owners in north america. You should not rely on this feature for medical, financial, or legal advice. · for decades, the u. s. What is the state of the pet industry? How resilient is the pet industry despite economic uncertainty? Ai-generated content may sometimes contain inaccurate, incomplete, or biased information, so make sure you do additional research. Households now owning at least one pet, up from 82 million in 2023. What’s encouraging is that pet ownership itself is expanding, with 94 million u. s. · the pet industry experienced a significant boom during the pandemic but now were seeing the aftermath. · pet ownership in the united states continues to grow despite changing demographic and economic circumstances. · “ the pet industry continues to demonstrate resilience, even amid economic uncertainty. Packaged facts analysts suggest that this dynamic may be increasingly outdated as 2025 gives way to 2024. Over the past two decades, the pet industry has experienced significant growth and evolution in the united states. The era of easy growth—fueled by the boom in pet acquisition during the pandemic and by increased recognition of the health benefits of animal companions—appears to be over. How will the pet industry grow in 2024? According to the american pet products association (appa) americans spend $112. 3 billion annually on pet , pet services and pet products. How does the pet care industry respond to todays pet owners? Pet food industry has focused on dogs, with cats treated as a smaller, secondary opportunity. Was that growth truly beneficial for the industry? · discover why a generational shift and the increased importance of pets in their owners’ lives could affect growth in pet services and products in coming years. Creating an answer for you using ai. · as the humanization of pets continues, marketplace dynamics will continue to shift, and demand will continue to surge for premium products, services and technology.

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