How Fast Is The Pet Industry Growing at Nathan Drew blog

How Fast Is The Pet Industry Growing. Industry experts expect a 6% compounded annual growth rate (cagr) in the pet industry over the next five years. Per the latest survey results, annual household spending on pets is predicted to reach $1,445 per animal by 2026 and $1,733 by 2030. The global pet industry is shifting toward being a hugely competitive market. The global pet care industry is forecasted to represent €191.2 billion ($207.6b) by the end of 2024, 4.7% more than last year. 2.2 million dogs and 2.6 million cats were adopted. Fresh data from market researcher euromonitor international projects that the pet food segment will increase at a higher pace than the overall industry, with the market representing €140.2 billion ($152. The big driver behind that growth is largely technology. That translates into a 113% increase. Pet ownership from 2020 has increased by over 50% in european countries such as the.

Pet Industry Statistics Facts, Size & Growth Trend In 2023
from worldanimalfoundation.org

Per the latest survey results, annual household spending on pets is predicted to reach $1,445 per animal by 2026 and $1,733 by 2030. The global pet care industry is forecasted to represent €191.2 billion ($207.6b) by the end of 2024, 4.7% more than last year. Fresh data from market researcher euromonitor international projects that the pet food segment will increase at a higher pace than the overall industry, with the market representing €140.2 billion ($152. That translates into a 113% increase. Industry experts expect a 6% compounded annual growth rate (cagr) in the pet industry over the next five years. The big driver behind that growth is largely technology. Pet ownership from 2020 has increased by over 50% in european countries such as the. The global pet industry is shifting toward being a hugely competitive market. 2.2 million dogs and 2.6 million cats were adopted.

Pet Industry Statistics Facts, Size & Growth Trend In 2023

How Fast Is The Pet Industry Growing Fresh data from market researcher euromonitor international projects that the pet food segment will increase at a higher pace than the overall industry, with the market representing €140.2 billion ($152. Fresh data from market researcher euromonitor international projects that the pet food segment will increase at a higher pace than the overall industry, with the market representing €140.2 billion ($152. The global pet care industry is forecasted to represent €191.2 billion ($207.6b) by the end of 2024, 4.7% more than last year. Pet ownership from 2020 has increased by over 50% in european countries such as the. 2.2 million dogs and 2.6 million cats were adopted. Industry experts expect a 6% compounded annual growth rate (cagr) in the pet industry over the next five years. The global pet industry is shifting toward being a hugely competitive market. That translates into a 113% increase. Per the latest survey results, annual household spending on pets is predicted to reach $1,445 per animal by 2026 and $1,733 by 2030. The big driver behind that growth is largely technology.

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