2024 U.S. TOTAL PET SPENDING $118.87B…Up $1.27B
The 50/50 Pet spending dividing line is now an income of $124K, 19% above avg but 48% more than the median.
Author Archive for: johngibbons
Entries by John Gibbons
2024 U.S. VETERINARY SERVICES SPENDING $41.26B…Up $5.60B
With a $5.6B they passed Pet Food and are the biggest $ segment for the 1st time in history!
Retail Channel $ Update – October Monthly & November Advance
Cumulative inflation is having a visible iimpact – slowed growth!
Petflation 2025 – December Update: Back up to +3.5% vs Last Year
Petflation is again +3.5%, the highest rate in 2025.
2024 U.S. PET SERVICES SPENDING $13.65B…Up $0.23B
With 7.0% inflation, the 1.7% lift was really a -4.9% drop!
2024 U.S. PET SUPPLIES SPENDING $23.91B…Up $0.89B
Inflation was low but prices were at a record high. Incomes $100K> spent 59% of Supplies $.
2024 U.S. PET FOOD SPENDING $40.04B…Down ↓$5.46B
A record drop in sales after a record lift!
Retail Channel $ Update – September Monthly & October Advance
A slow and complex recovery continues!
Retail Channel $ Update – August Monthly & September Advance
As usual, Retail $ fell Aug>Sep but YOY lifts vs Sep 24 were widespread and most were above avg.
Petflation vs “Human” Inflation
Except for Pet Food vs Groceries, Petflation exceeds Human Inflation.