Pet Industry Growth Statistics at Marc House blog

Pet Industry Growth Statistics. The pet industry has been growing rapidly, reaching over 300 billion in revenues in 2023, with 16 percent annual growth. The global pet care market size was valued at usd 150.67 billion in 2021 and is expected to expand at a compound annual growth rate (cagr) of 5.1% from 2022 to. Among spending categories, pet services such as animal health are expected to be the main driver of growth, more than doubling to $112 billion in 2030 from $48 billion in 2019. Top surprising stats at a glance. In 2023, a total of $147 billion in sales was projected in the u.s. One of the primary drivers is the increasing humanization of pets, where owners consider their pets as integral members of the family, leading to higher spending on pet health, grooming, and nutrition. Pet care market size was valued at usd 304.4 billion in 2023 and is anticipated to grow at cagr of 6.8% between 2024 and 2032. The 20 pet industry statistics. 80% of dogs and 20% of cats are. Bloomberg intelligence’s pet economy report finds that the global pet industry is set to expand rapidly over the next decade as pet owners spend more and pets. People in the usa spent $89 billion on their pets in 2023. The global pet market is worth $246 billion.

80% of dogs and 20% of cats are. The global pet market is worth $246 billion. The global pet care market size was valued at usd 150.67 billion in 2021 and is expected to expand at a compound annual growth rate (cagr) of 5.1% from 2022 to. Top surprising stats at a glance. In 2023, a total of $147 billion in sales was projected in the u.s. People in the usa spent $89 billion on their pets in 2023. Pet care market size was valued at usd 304.4 billion in 2023 and is anticipated to grow at cagr of 6.8% between 2024 and 2032. Among spending categories, pet services such as animal health are expected to be the main driver of growth, more than doubling to $112 billion in 2030 from $48 billion in 2019. Bloomberg intelligence’s pet economy report finds that the global pet industry is set to expand rapidly over the next decade as pet owners spend more and pets. One of the primary drivers is the increasing humanization of pets, where owners consider their pets as integral members of the family, leading to higher spending on pet health, grooming, and nutrition.

Packaged Facts Key Trends Shaping the U.S. Pet Industry ROCKVILLE

Pet Industry Growth Statistics The 20 pet industry statistics. Bloomberg intelligence’s pet economy report finds that the global pet industry is set to expand rapidly over the next decade as pet owners spend more and pets. The pet industry has been growing rapidly, reaching over 300 billion in revenues in 2023, with 16 percent annual growth. 80% of dogs and 20% of cats are. Pet care market size was valued at usd 304.4 billion in 2023 and is anticipated to grow at cagr of 6.8% between 2024 and 2032. One of the primary drivers is the increasing humanization of pets, where owners consider their pets as integral members of the family, leading to higher spending on pet health, grooming, and nutrition. In 2023, a total of $147 billion in sales was projected in the u.s. The global pet market is worth $246 billion. People in the usa spent $89 billion on their pets in 2023. The global pet care market size was valued at usd 150.67 billion in 2021 and is expected to expand at a compound annual growth rate (cagr) of 5.1% from 2022 to. Top surprising stats at a glance. The 20 pet industry statistics. Among spending categories, pet services such as animal health are expected to be the main driver of growth, more than doubling to $112 billion in 2030 from $48 billion in 2019.