2023 Total Pet Spending was $117.60B – Where did it come from…?

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All Industry segments had increases, driven by spending lifts by 91% of all Demogaphics!

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2023 U.S. Pet Spending by Generation – Boomers Back on Top!

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Millennials have the biggest lift but Boomers move back to the top in Total Pet $.

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Retail Channel $ Update – September Monthly & October Advance

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Sales were up for all from September and Relevant Retail’s YOY lift was 21% more than average!

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Petflation 2024 – October Update: Slows to +2.0% vs 2023

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Nationally the CPI rose to 2.6% from 2.4% while Petflation slowed to 2.0% from 2.1%. Similar patterns produced different results.

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2023 U.S. TOTAL PET SPENDING $117.60B…Up ↑$14.89B

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All segments grew producing the 3rd biggest lift in history. Widespread demographic growth, but income continues to grow in importance.

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2023 U.S. PET SERVICES SPENDING $13.42B…Up ↑$1.05B

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Spending was up 8.5% from 2022, but a 5.7% inflation rate meant that the “real” lift was only 2.7%!

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Retail Channel $ Update – August Monthly & September Advance

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September Total Retail Sales were down -0.03% vs 2023 – The recovery definitely slowed!

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Petflation 2024 – September Update: Drops to +2.1% vs 2023

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Petflation is down to 2.1% but it is still 33% higher than the 1.6% average rate from 2010>2021.

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