How Large Is The Pet Industry at Isabella Chavez blog

How Large Is The Pet Industry. Pets, pet products, and pet care are all part of a $103.6 billion national industry; Pet owners spend $687 a year on their cats and $1,201 on their dogs. 40.5% of revenue is from food and treats alone. Pet owner spends $1,332 a year on their pets’ expenses. New york, march 24, 2023 — the pet industry is poised to swell from $320 billion today to almost $500 billion by 2030, according to a new report from bloomberg intelligence (bi). 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. But just how big is the pet industry? Pet industry is worth $76.8 billion. Pet industry is expected to have a cagr of 5.3% from 2020 to 2025. 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 2030. 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. 70% of american households own at least one pet. 2.2 million dogs and 2.6 million cats were adopted from shelters in 2023. And what does the future hold for the space? In this article, we’ll cover over 75 new statistics about.

Pets, pet products, and pet care are all part of a $103.6 billion national industry; Pet owner spends $1,332 a year on their pets’ expenses. In this article, we’ll cover over 75 new statistics about. Pet industry is worth $76.8 billion. Pet owners spend $687 a year on their cats and $1,201 on their dogs. The rising trend of pet. The pet industry grows by 11.6% every year. 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 2030. 40.5% of revenue is from food and treats alone. And what does the future hold for the space?

55 Pet Industry Statistics 2020/2021 Industry Growth, Market Data

How Large Is The Pet Industry 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 rising trend of pet. Pet owner spends $1,332 a year on their pets’ expenses. New york, march 24, 2023 — the pet industry is poised to swell from $320 billion today to almost $500 billion by 2030, according to a new report from bloomberg intelligence (bi). 70% of american households own at least one pet. Pet owners spend $687 a year on their cats and $1,201 on their dogs. The pet industry grows by 11.6% every year. Pets, pet products, and pet care are all part of a $103.6 billion national industry; And what does the future hold for the space? 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 2030. 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. Pet industry is expected to have a cagr of 5.3% from 2020 to 2025. 40.5% of revenue is from food and treats alone. In this article, we’ll cover over 75 new statistics about. 2.2 million dogs and 2.6 million cats were adopted from shelters in 2023. Pet industry is worth $76.8 billion.