{"id":752,"date":"2020-12-09T20:40:28","date_gmt":"2020-12-09T20:40:28","guid":{"rendered":"https:\/\/petpedia.co\/blog\/?p=752"},"modified":"2024-02-18T18:17:07","modified_gmt":"2024-02-18T18:17:07","slug":"pet-industry-statistics","status":"publish","type":"post","link":"https:\/\/petpedia.co\/blog\/pet-industry-statistics\/","title":{"rendered":"22 Fascinating Pet Industry Statistics &#038; Facts (2024 UPDATE)"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The pet industry statistics clearly show that tastes in pets and pet care vary among humans. But whether you have a cat, dog, horse, bird, or snake, all these pets need healthy food, hygiene maintenance, a place to sleep, etc.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We&#8217;ve come up with some of the freshest statistics and facts that might surprise you.<\/span><\/p>\n<h2 id='the-key-pet-industry-statistics-in-review'><b>The Key Pet Industry Statistics in Review<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It\u2019s estimated the US <a href=\"#pet industry reached $99 billion\">pet industry reached $99 billion<\/a> in 2020.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">61% of US pet owners will <a href=\"#pay more for foods\">pay more for foods<\/a> to target pets\u2019 dietary needs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Dog owners spend <a href=\"#$73 a year on grooming\">$73 a year on grooming<\/a>.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><a href=\"#21% of pet owners\">21% of pet owners<\/a> spent more money on pets during the Covid-19 pandemic.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><a href=\"#31% of pet industry customers\">31% of pet industry customers<\/a> are Millennials.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cat and dog owners spend about <a href=\"#$300 a year on pet food\">$300 a year on pet food<\/a> and treats.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><a href=\"#12% of adults with kids\">12% of adults with kids<\/a> under 18 adopted pets due to the Covid-19 pandemic.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Over <a href=\"#50% of cat and dog owners\">50% of cat and dog owners<\/a> give their pet a Christmas gift or treat.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><a href=\"#69% of Millennials\">69% of Millennials<\/a> opt for their pets&#8217; natural and organic products.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">43% of dog owners and 41% of cat owners <a href=\"#buy premium pet food\">buy premium pet food<\/a>.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Read on to discover more about the latest statistics and trends in the pet industry!<\/span><\/p>\n<h2 id='pet-industry-market-size'><b>Pet Industry Market Size<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The Pet industry consists of many significant branches. Pet food and treats, vet care and supplies sale, pet insurance companies, accessories, etc. These industries rake in millions of dollars each year. Here are the latest numbers.<\/span><\/p>\n<h3 id='1-it%e2%80%99s-estimated-the-us-pet-industry-reached-99-billion-in-2020'><b>1. It\u2019s estimated the US pet industry reached $99 billion in 2020.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(APPA)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The industry is steadily growing, year by year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">[visualizer id=&#8221;5715&#8243;]<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It grew from $97.5 billion in 2019 to $99 billion in 2020. That&#8217;s $1.5 billion in only one year! Pet owners splurged on everything from pet food and treats to pet sitting, toys, and travel.<\/span><\/p>\n<h3 id='2-forecast-predicts-the-global-pet-care-market-will-reach-358-62-billion-by-2027'><b>2. Forecast predicts the global pet care market will reach $358.62 billion by 2027.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(Globe Newswire)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Pet industry statistics from 2020 predict a compound annual growth rate of 6%. The growth is attributed to smart technologies.\u00a0<\/span><span style=\"font-weight: 400;\">GPS pet collars<\/span><span style=\"font-weight: 400;\">, pet cameras, smart feeders, and other smart gadgets that make pet owners\u2019 lives easier.<\/span><\/p>\n<h3 id='3-61-of-us-pet-owners-are-willing-to-pay-more-for-foods-that-target-their-pets%e2%80%99-dietary-needs'><b>3. 61% of US pet owners are willing to pay more for foods that target their pets\u2019 dietary needs.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(PetfoodIndustry)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The pet food industry is one of the most significant parts of the pet industry. Pet owners are more aware of the impact pet food has on their pets\u2019 health.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Online pet food sales statistics reveal that 73% of pet owners buy food online. At the same time, 68% of them buy food in pet specialty stores.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The growth in the pet products industry can be attributed to the number of choices. There are tons of choices just for dogs, including:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/petpedia.co\/blog\/best-canned-dog-food\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Regular, natural, and organic canned dog food<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Dry food for adult dogs<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Wet food for puppies<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Dry food for pups<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">With all the choices available, no wonder the industry is booming.<\/span><\/p>\n<h3 id='4-vet-care-and-product-sales-had-a-30-2-billion-revenue-in-2020'><b>4. Vet care and product sales had a $30.2 billion revenue in 2020.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(Compare Camp)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After pet food and treats, vet care and product sales were responsible for the pet industry growth.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nowadays, there are unique lines of products dedicated to the wellness and well-being of pets. Pet owners can buy anything from <a href=\"https:\/\/petpedia.co\/blog\/best-flea-treatment-for-dogs\/\" target=\"_blank\" rel=\"noopener\">flea treatments<\/a> to pet vitamins, <a href=\"https:\/\/petpedia.co\/blog\/best-cbd-oil-for-dogs\/\" target=\"_blank\" rel=\"noopener\">CBD tinctures<\/a>, and much more.<\/span><\/p>\n<h3 id='5-pet-industry-trends-from-2020-report-the-global-pet-insurance-industry-reached-3-21-billion'><b>5. Pet industry trends from 2020 report the global pet insurance industry reached $3.21 billion.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(Market Data Forecast)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">People adore their pets, so it\u2019s natural they want to provide\u00a0<\/span><span style=\"font-weight: 400;\">the best possible pet insurance there is<\/span><span style=\"font-weight: 400;\">. With excellent accident, illness, and wellness coverage, the industry is becoming incredibly popular.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The latest pet insurance consumer report estimates that the global pet insurance industry will hit $5.89 billion by 2025.<\/span><\/p>\n<h3 id='6-21-of-pet-owners-have-spent-more-money-on-their-pets-during-the-covid-19-pandemic-than-pre-pandemic'><b>6. 21% of pet owners have spent more money on their pets during the Covid-19 pandemic than pre-pandemic.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(PetfoodIndustry)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The pet care services industry statistics reveal that the pandemic wasn\u2019t that rough on the pet service industry. 70% of pet owners spent more time with their pets during the lockdown and social distancing.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Statistics reveal that 64% of them spent the same amount of money as before the pandemic. However, 21% of pet owners splurged even more on their pets than pre-pandemic.<\/span><\/p>\n<h2 id='pet-industry-trends-for-2022'><b>Pet Industry Trends for 2022<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The trends are ever-changing, but here are some of the predictions for 2022 based on the statistics and facts from the previous year.<\/span><\/p>\n<h3 id='7-31-of-pet-industry-customers-are-millennials'><b>7. 31% of pet industry customers are Millennials.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(Pet Food Processing)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Millennials are the most numerous pet owners, but<\/span>\u00a0<a href=\"https:\/\/petpedia.co\/blog\/pet-ownership-statistics\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Baby Boomers aren\u2019t much behind<\/span><\/a><span style=\"font-weight: 400;\">. They&#8217;re right behind with 29%, while Gen Xers follow with 26%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">[visualizer id=&#8221;5723&#8243;]<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Gen Z and Builder generations make up the rest of the pet owners.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So far, pet industry trends have shown that Millennials with pets also tend to use technology to purchase products and services.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The pet industry market research reveals this has helped form a robust market with an abundance of new pet-related business ventures. With this in mind, the pet market should continue to expand in size.<\/span><\/p>\n<h3 id='8-more-than-67-of-american-households-own-at-least-one-pet'><b>8. More than 67% of American households own at least one pet.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(APPA)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Annually, Americans collectively spend over $95 billion on their pets. The most significant portion of the spending goes on food and treats.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But, Americans also spend lots of money on pet care supplies and the pet services industry. The services include pet boarding, grooming, insurance, training, etc.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The American pet industry market size isn&#8217;t so surprising when you consider these kinds of factors.<\/span><\/p>\n<h3 id='9-12-of-adults-with-kids-younger-than-18-have-adopted-pets-because-of-the-covid-19-pandemic'><b>9. 12% of adults with kids younger than 18 have adopted pets because of the Covid-19 pandemic.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(Pet Food Processing)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Even though the overall<\/span>\u00a0<a href=\"https:\/\/petpedia.co\/blog\/pet-adoption-statistics\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">number of adoptions has decreased during the pandemic<\/span><\/a><span style=\"font-weight: 400;\">, the adoptions are still happening. The pet industry market research predicts that the pet food and treats market will thrive in 2022, as well, due to the pandemic.<\/span><\/p>\n<h3 id='10-40-of-dog-owners-and-25-of-cat-owners-bought-clothing-for-their-pet-in-2020'><b>10. 40% of dog owners and 25% of cat owners bought clothing for their pet in 2020.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(SPINS)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The trend of pet humanization has been on the rise for the last couple of years. As the latest statistics show, it doesn\u2019t seem it\u2019ll slow down any time soon.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">More dog owners buy clothing for their pets. And they&#8217;re also more likely than cat owners to purchase both costumes and clothing.<\/span><\/p>\n<h3 id='11-according-to-the-pet-grooming-industry-statistics-dog-owners-spend-73-a-year-on-grooming'><b>11. According to the pet grooming industry statistics, dog owners spend $73 a year on grooming.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(APPA)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The American Pet Product Association (APPA) estimates that cat owners spend much less.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">They spend, on average, $43 per year on grooming and grooming aids. The category includes grooming services, shampoos, clippers, combs, nail grinders, toothbrushes, toothpaste, etc.<\/span><\/p>\n<h3 id='12-more-than-50-of-both-cat-and-dog-owners-give-their-pet-a-christmas-gift-or-treat'><b>12. More than 50% of both cat and dog owners give their pet a Christmas gift or treat.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(SPINS)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The pet humanization trend continues with\u00a0<\/span><span style=\"font-weight: 400;\">Christmas gifts for dogs<\/span><span style=\"font-weight: 400;\"> and\u00a0<\/span><span style=\"font-weight: 400;\">holiday presents for cats<\/span><span style=\"font-weight: 400;\">. Moreover, statistics reveal that 50% of dog owners and about a third of cat owners celebrate their pet\u2019s birthday.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Finally, a quarter of pet owners also celebrate Halloween with a pet present.<\/span><\/p>\n<h3 id='13-the-pet-food-industry-analysis-estimates-cat-and-dog-owners-spend-about-300-a-year-on-pet-food-and-treats'><b>13. The pet food industry analysis estimates cat and dog owners spend about $300 a year on pet food and treats.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(APPA)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The analysis also shows that dog food and treats are far more expensive.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">[visualizer id=&#8221;5727&#8243;]<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On average, dog owners spend about $259 on dog food and $76 on treats. On the other hand, cat owners spend $228 on cat food and $58 on treats.<\/span><\/p>\n<h3 id='14-43-of-dog-owners-and-41-of-cat-owners-buy-premium-pet-food'><b>14. 43% of dog owners and 41% of cat owners buy premium pet food.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(Pet Food Processing)<\/span><\/p>\n<p>Obviously more and more pet owners are looking to focus more not just on keeping their pets fed, but healthy as well.<\/p>\n<p><span style=\"font-weight: 400;\">According to the latest pet food industry statistics, e-commerce sales also grew. Amazon is among the leaders, with a 45% sales increase compared to the previous year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This incredible spike is another effect of the Covid-19 pandemic. Lockdowns and social distancing were a tremendous boost for pet food sales.<\/span><\/p>\n<h3 id='15-according-to-packaged-facts-on-the-pet-industry-69-of-millennials-opt-for-their-pets-natural-and-organic-products'><b>15. According to Packaged Facts on the pet industry, 69% of Millennials opt for their pets&#8217; natural and organic products.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(SPINS)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">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.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Two out of three dog owners would do it again. Moreover, three in four cat owners would also do it again.<\/span><\/p>\n<h3 id='16-73-of-gen-zers-and-68-of-millennials-are-willing-to-spend-more-on-sustainable-pet-products'><b>16. 73% of Gen Zers and 68% of Millennials are willing to spend more on sustainable pet products.<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">(SPINS)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Younger generations aren&#8217;t only concerned about their pets&#8217; well-being. They also want to contribute to saving the environment. They try to leave a small carbon footprint and reduce waste.<\/span><\/p>\n<h2 id='faq'><b>FAQ<\/b><\/h2>\n<h3 id='17-is-the-pet-industry-growing'><b>17. Is the pet industry growing?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Absolutely! The latest research and statistics reveal that the industry is indeed growing. The Covid-19 pandemic has significantly boosted e-commerce sales in the food and treats department.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, the insurance and vet care industries are also on the rise.<\/span><\/p>\n<h3 id='18-how-big-is-the-pet-food-industry'><b>18. How big is the pet food industry?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">It&#8217;s estimated that the pet food industry reached a revenue of $97.111 million in 2020. Analysts expect the market will grow by 4.5% yearly from 2020 to 2025.<\/span><\/p>\n<h3 id='19-what-is-the-most-profitable-pet-business'><b>19. What is the most profitable pet business?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The various highly profitable options range from providing daycare to making pet food. The most profitable ones include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Pooper scooping business \u2014 $40\/hour<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Animal blog \u2014 the revenue depends on the topic you choose<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Dog clothing \u2014 Americans spend about $52 billion on pet accessories<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Pet grooming \u2014 $50\u2013$300\/hour<\/span><\/li>\n<\/ul>\n<h3 id='20-how-profitable-is-the-pet-industry'><b>20. How profitable is the pet industry?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">As per the APPA\u2019s estimates, the expenditures on pet products totaled $95.7 billion in 2019.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Pet owners spent most on food and treats \u2014 $36.9 billion. Vet care and product sales were right behind with $29.3 billion, while supplies and OTC medicine raked in $19.2 billion.<\/span><\/p>\n<h3 id='21-how-much-is-the-pet-industry-worth-in-2020'><b>21. How much is the pet industry worth in 2020?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Its worth is estimated at $99 billion. Out of which, $38.4 billion went on pet food and treats.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Pet owners also spent $30.2 billion on vet care and product sales, as well as $19.8 billion on supplies and OTC medications.<\/span><\/p>\n<h3 id='22-what-do-pet-owners-spend-the-most-money-on'><b>22. What do pet owners spend the most money on?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">It\u2019s clear that pet owners spend the most on pet food and treats. Vet care, OTC medicine, and pet supplies are also a large portion of the pet market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Pet owners spend the least on pet insurance, grooming, boarding, training, pet sitting, and walking \u2014 some $10.7 billion in 2020 alone.<\/span><\/p>\n<h2 id='conclusion'><b>Conclusion<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Hopefully, our list of pet industry statistics has made a valuable contribution to your understanding of the ever-changing pet industry market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Pet owners only want the best for their companions. The continually growing pet industry does everything to produce new market trends and capitalize on pet owners&#8217; dedication to their furry friends.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ensure that you&#8217;re always familiar with the most recent shifts in the industry, and always carefully consider whether your pet really needs some of the trending supplies.<\/span><\/p>\n<h3 id='sources'><b>Sources<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.americanpetproducts.org\/press_industrytrends.asp\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">APPA<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/comparecamp.com\/pet-industry-statistics\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Compare Camp<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.emoneyindeed.com\/7-pet-business-ideas-animal-lovers\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">eMoney Indeed<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.euromonitor.com\/pet-products-in-the-us\/report\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Euromonitor<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.franchisehelp.com\/industry-reports\/pet-care-industry-analysis-2018-cost-trends\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Franchise Help<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.globenewswire.com\/news-release\/2020\/09\/28\/2099985\/0\/en\/Global-Pet-Care-Market-Is-Expected-to-Reach-USD-358-62-billion-by-2027-Fior-Markets.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Globe Newswire<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.marketdataforecast.com\/market-reports\/pet-insurance-market\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Market Data Forecast<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.moneytalksnews.com\/which-is-cheaper-cats-or-dogs\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Money Talks News<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.petfoodindustry.com\/blogs\/7-adventures-in-pet-food\/post\/9391-trends-guiding-pet-food-through-2020-and-beyond\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">PetfoodIndustry<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.petfoodindustry.com\/blogs\/9-trending-pet-food\/post\/9496-the-global-pandemic-hasnt-stopped-pet-spending\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">PetfoodIndustry<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.petfoodprocessing.net\/articles\/14120-packaged-facts-predicts-top-5-trends-for-pet-food\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Pet Food Processing<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.petfoodprocessing.net\/articles\/13709-appa-provides-generational-insight-into-pet-product-purchasing\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Pet Food Processing<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.petfoodprocessing.net\/articles\/14294-state-of-the-us-pet-food-and-treat-industry-2020\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Pet Food Processing<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/f.hubspotusercontent20.net\/hubfs\/6448973\/2020%20Pet%20Report\/SPINS%20Pet%20Trends%20Report_082620_final.pdf?utm_campaign=Keep%20Moving&amp;utm_source=Press%20Release\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">SPINS<\/span><\/a><\/li>\n<\/ul>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Is the pet industry growing?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Absolutely! The latest research and statistics reveal that the industry is indeed growing. The Covid-19 pandemic has significantly boosted e-commerce sales in the food and treats department.\\n\\nMoreover, the insurance and vet care industries are also on the rise.\"}},{\"@type\":\"Question\",\"name\":\"How big is the pet food industry?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It's estimated that the pet food industry has reached a revenue of $97.111 million in 2020. Analysts expect the market will grow by 4.5% yearly from 2020 to 2025.\"}},{\"@type\":\"Question\",\"name\":\"What is the most profitable pet business?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The various highly profitable options range from providing daycare to making pet food. The most profitable ones include:\\n\\nPooper scooping business \u2014 $40\/hour\\nAnimal blog \u2014 the revenue depends on the topic you choose\\nDog clothing \u2014 Americans spend about $52 billion on pet accessories\\nPet grooming \u2014 $50\u2013$300\/hour\"}},{\"@type\":\"Question\",\"name\":\"How profitable is the pet industry?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"As per the APPA\u2019s estimates, the expenditures on pet products totaled $95.7 billion in 2019.\\n\\nPet owners spent most on food and treats \u2014 $36.9 billion. Vet care and product sales were right behind with $29.3 billion, while supplies and OTC medicine raked in $19.2 billion.\"}},{\"@type\":\"Question\",\"name\":\"How much is the pet industry worth in 2020?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its worth is estimated at $99 billion. Out of which, $38.4 billion went on pet food and treats.\\n\\nPet owners also spent $30.2 billion on vet care and product sales, as well as $19.8 billion on supplies and OTC medications.\"}},{\"@type\":\"Question\",\"name\":\"What do pet owners spend the most money on?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It\u2019s clear that pet owners spend the most on pet food and treats. Vet care, OTC medicine, and pet supplies are also a large portion of the pet market.\\n\\nPet owners spend the least on pet insurance, grooming, boarding, training, pet sitting, and walking \u2014 some $10.7 billion in 2020 alone.\"}}]}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whatever pet you have, our list of pet industry statistics for 2022 will help you understand the latest trends of the pet industry. [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/petpedia.co\/blog\/pet-industry-statistics\/\">Read More&#8230;<span class=\"screen-reader-text\"> from 22 Fascinating Pet Industry Statistics &#038; Facts (2024 UPDATE)<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":744,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11,12],"tags":[],"class_list":["post-752","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-stats-and-facts"],"acf":[],"_links":{"self":[{"href":"https:\/\/petpedia.co\/blog\/wp-json\/wp\/v2\/posts\/752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/petpedia.co\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/petpedia.co\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/petpedia.co\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/petpedia.co\/blog\/wp-json\/wp\/v2\/comments?post=752"}],"version-history":[{"count":0,"href":"https:\/\/petpedia.co\/blog\/wp-json\/wp\/v2\/posts\/752\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/petpedia.co\/blog\/wp-json\/wp\/v2\/media\/744"}],"wp:attachment":[{"href":"https:\/\/petpedia.co\/blog\/wp-json\/wp\/v2\/media?parent=752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/petpedia.co\/blog\/wp-json\/wp\/v2\/categories?post=752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/petpedia.co\/blog\/wp-json\/wp\/v2\/tags?post=752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}