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 2023
- 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 $117.60B
GROWTH RATE SINCE 1960
- +7.7% per year
- +4.0% per year – adjusted for inflation
- 71% faster than Total Income
- 86% faster than Total Spending
Petflation 2024 – October Update: Slows to +2.0% vs 2023
/in Pet Market Segments/by John GibbonsNationally the CPI rose to 2.6% from 2.4% while Petflation slowed to 2.0% from 2.1%. Similar patterns produced different results.