U.S. Pet Industry Fun Facts
POPULARITY
- 40% of H/H’s had a pet in 1960
- 68% of H/H’s had a pet in 2022
- Now a U.S. H/H is twice as likely to have a pet as to
have a child under 18.
SPENDING – TOTAL PET $
- In 1960 we spent $1.08B on Pets
- In 2022 we spent $102.71B
GROWTH RATE SINCE 1960
- +7.6% per year
- +3.9% per year – adjusted for inflation
- 71% faster than Total Income
- 81% faster than Total Spending
Petflation 2024 – September Update: Drops to +2.1% vs 2023
/in Pet Market Segments/by John GibbonsPetflation is down to 2.1% but it is still 33% higher than the 1.6% average rate from 2010>2021.