2024 Veterinary Spending was $41.26B – Where did it come from…?
2024 Vet spending is 7.3 times more than 1997, but 84.5% of the growth was from inflation.
Author Archive for: johngibbons
Entries by John Gibbons
Retail Channel $ Update – March Monthly & April Advance
Inflation rose in April & 6 of 11 channels had a below avg lift or drop vs 25, only 4 in March.
Petflation 2026 – April Update: Pet Prices Still at or Near Record Highs
Prices in all Pet Segments are either at or within 0.3% of a record high!
2024 Pet Services Spending was $13.65B – Where did it come from…?
Less balance and even more driven by income. The 50/50 spending dividing line is now $156K.
Retail Channel $ Update – February Monthly & March Advance
March was a strong month for Relevant Retail but not so good for other Big Groups.
2024 Pet Supplies Spending was $23.91B – Where did it come from…?
The 2024 spending lift was small, +$0.89B but a little more balanced, especially Racially/Ethnically, where all groups spent more.
Petflation 2026 – March Update: All Pet Prices Reach Record Highs
In March, the CPI, Total Pet and all Pet Segments reached record high prices!
Retail Channel $ Update – January Monthly & February Advance
Record February sales, but with a huge drop from Jan, it is likely the Retail bottom of 2026.
2024 Pet Food Spending was $40.04B – Where did it come from…?
Pet Food Spending fell -$5.46B as 82% of demographics spent less…. and it also became less balanced.
2024 Pet Products Spending was $63.95B – Where did it come from…?
Supplies was +$0.89B, but Food was -$5.46B so Product $ fell -$4.57B (-6.7%) from 2023.