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. TOTAL PET SPENDING $117.60B…Up ↑$14.89B
/in Pet Market Segments/by John GibbonsAll segments grew producing the 3rd biggest lift in history. Widespread demographic growth, but income continues to grow in importance.