The Key Pet Industry Statistics in Review
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It’s estimated the US pet industry reached $99 billion in 2020.
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61percent of US pet owners will pay more for foods to target pets’ dietary needs.
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Dog owners spend $73 a year on grooming.
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21 percent of pet owners spent more money on pets during the Covid-19 pandemic.
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31 percent of pet industry customers are Millennials.
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Cat and dog owners spend about $300 a year on pet food and treats.
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12 percent of adults with kids under 18 adopted pets due to the Covid-19 pandemic.
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Over 50 percent of cat and dog owners give their pet a Christmas gift or treat.
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69 percent of Millennials opt for their pets’ natural and organic products.
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43 percent of dog owners and 41 percent of cat owners buy premium pet food.
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Forecast predicts the global pet care market will reach $358.62 billion by 2027.
(Globe Newswire)
Pet industry statistics from 2020 predict a compound annual growth rate of 6 percent. The growth is attributed to smart technologies, including GPS pet collars, pet cameras, smart feeders, and other smart gadgets that make the pet owners’ lives easier.
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21 percent of pet owners have spent more money on their pets during the Covid-19 pandemic than pre-pandemic.
(PetfoodIndustry)
The pet care services industry statistics reveal that the pandemic wasn’t that rough on the pet service industry. 70 percent of pet owners spent more time with their pets during the lockdown and social distancing. Statistics reveal that 64 percent of them spent the same amount of money as before the pandemic. However, 21 percent of pet owners splurged even more on their pets than pre-pandemic.
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More than 67 percent of American households own at least one pet.
(APPA)
Annually, Americans collectively spend over $95 billion on their pets. The largest portion of the spending goes to food and treats.
Americans also spend lots of money on pet care supplies and the pet services industry. The services include pet boarding, grooming, insurance, training, etc.
The American pet industry market size isn’t so surprising when you consider these kinds of factors.
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12 percent of adults with kids younger than 18 have adopted pets because of the Covid-19 pandemic.
(Pet Food Processing)
Even though the overall number of adoptions has decreased during the pandemic, adoptions are still happening. The pet industry market research predicts that the pet food and treats market will thrive in 2021 as well, due to the pandemic.
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40 percent of dog owners and 25 percent of cat owners have bought clothing for their pet in 2020, as pet industry statistics for 2021 reveal.
(SPINS)
The trend of pet humanization has been on the rise for the last couple of years. As the latest statistics show, it doesn’t seem it’ll slow down any time soon.
More dog owners buy clothing for their pets. And they’re also more likely than cat owners to purchase both costumes and clothing.
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According to Packaged Facts on the pet industry, 69 percent of Millennials opt for their pets’ natural and organic products.
(SPINS)
Naturally-made products are gaining popularity, especially CBD. Statistics reveal that one in four dog and cat owners have given their pet CBD oil-infused products.
Two out of three dog owners would do it again. Moreover, three in four cat owners would also do it again.
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73 percent of Gen Zers and 68 percent of Millennials are willing to spend more on sustainable pet products.
(SPINS)
Younger generations aren’t only concerned about their pets’ well-being. They also want to contribute to saving the environment. They try to leave a small carbon footprint and reduce waste.
*All statistics were taken and sourced from Petpedia.co/pet-industry-