2023 Veterinary Spending was $35.66B – Where did it come from…?
The 2022>2023 lift was the 3rd largest in history and +20% was almost triple the 1984>2022 average!
Author Archive for: johngibbons
Entries by John Gibbons
2023 Pet Services Spending was $13.42B – Where did it come from…?
Although the $1.05B 2023 lift was far below the record increases in 21 & 22, it was still the 4th largest in history!
2023 Pet Supplies Spending was $23.02B – Where did it come from…?
The $1.08B lift was small, but spending has now been up in 5 of the last 8 years – a big turnaround from being down in 5 of 6 years!
Retail Channel $ Update – November Monthly & December Advance
Retail Sales growth continued in 2024 but the rate was far below the 1992>2023 average!
Petflation 2024 – December Update: Drops to +2.0% vs 2023
Petflation fell to 2.0% in December and finished 2024 at 2.6%, 17% below the 1997>2023 average!
2023 Pet Food Spending was $45.50B – Where did it come from…?
The lift was a record $6.81B and +17.6% was triple the average 1984>2022 increase!
2023 Pet Products Spending was $68.52B – Where did it come from…?
Driven by a record lift in Food, Pet Products had the 2nd largest spending increase in history!
Retail Channel $ Update – October Monthly & November Advance
November was the 2nd largest Retail $ month in history but the YOY lifts slowed from October.
Petflation 2024 – November Update: Jumps Up to +2.9% vs 2023
Petflation jumped from 2.0% to 2.9% as the recovery paused again.
2023 Total Pet Spending was $117.60B – Where did it come from…?
All Industry segments had increases, driven by spending lifts by 91% of all Demogaphics!