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
2023 U.S. PET FOOD SPENDING $45.50B…Up ↑$6.81B
/in Pet Market Segments/by John GibbonsSpending grew by $6.81B – a new record. However the 17.6% increase was really only +6.3% when you factor in 10.6% inflation.