Global pet spending is forecast to reach $350 billion by 2030. This growth is driven by science-led segments, such as microbiome-focused pet food additives which reached $1.1 billion in sales.
Key Takeaways
- $16.0 billion global pet food market in 2023 — indicates overall scale of pet food spending before subsequent growth projections
- $12.4 billion global pet treat market size in 2023 — indicates a rapidly monetizing subsegment of pet nutrition
- 14% of insured dogs in the UK have lifetime coverage plans (2023 report) — indicates coverage structure trends
- 7.6 million veterinary visits in the US for dogs and cats in 2023 (annual count) — indicates high-frequency utilization baseline
- Pfizer/partner estimate: $7.2 billion global spend on pet vaccines in 2023 — indicates the immunization submarket within veterinary spend
- Global pet spend is forecast to reach $350+ billion by 2030 (projection in industry outlook) — indicates continued monetization trajectory
- Functional pet food (e.g., joint, digestive, urinary) is projected to grow at a 10.5% CAGR from 2024–2032 — indicates demand for health-linked nutrition
- Human-grade pet food sales in the US grew to $3.2 billion in 2023 — indicates strength of stricter quality-aligned products
- US retailers sold 55 million pet collars and leashes in 2023 (unit sales metric) — indicates breadth of accessory demand
- Pet food price index increased 8.4% year-over-year in the US in 2022 (BLS index metric) — indicates inflation impact on household budgets
- US CPI for pet food rose from 100.0 to 108.4 between 2021 and 2022 (index values) — indicates measurable change in cost
- 34% of US pet owners report using a vet recommendation for choosing pet food (2024 survey share).
In 2023 the global pet market topped $350 billion by 2030, driven by premium nutrition, vaccines, and rising ownership costs.
Related reading
01 · Category
Market Size2 stats
01
$16.0 billion global pet food market in 2023 — indicates overall scale of pet food spending before subsequent growth projections
02
$12.4 billion global pet treat market size in 2023 — indicates a rapidly monetizing subsegment of pet nutrition
Interpretation
Market Size Interpretation
In the market size snapshot, pet nutrition is already a major spending category with a $16.0 billion global pet food market in 2023, and the $12.4 billion pet treat segment shows how quickly this monetizable submarket is growing within the broader pet industry.
02 · Category
Veterinary & Health3 stats
01
14% of insured dogs in the UK have lifetime coverage plans (2023 report) — indicates coverage structure trends
02
7.6 million veterinary visits in the US for dogs and cats in 2023 (annual count) — indicates high-frequency utilization baseline
03
Pfizer/partner estimate: $7.2 billion global spend on pet vaccines in 2023 — indicates the immunization submarket within veterinary spend
Interpretation
Veterinary & Health Interpretation
In the Veterinary and Health sector, pet care demand looks both mature and proactive, with 7.6 million veterinary visits in the US in 2023 and a global $7.2 billion pet vaccine spend in 2023, while the UK shows that only 14% of insured dogs have lifetime coverage plans, pointing to room for deeper long-term coverage adoption.
03 · Category
Industry Trends9 stats
01
Global pet spend is forecast to reach $350+ billion by 2030 (projection in industry outlook) — indicates continued monetization trajectory
02
Functional pet food (e.g., joint, digestive, urinary) is projected to grow at a 10.5% CAGR from 2024–2032 — indicates demand for health-linked nutrition
03
Human-grade pet food sales in the US grew to $3.2 billion in 2023 — indicates strength of stricter quality-aligned products
04
CO2e reduction: cold-pressed extrusion manufacturing can reduce energy consumption by ~15% versus traditional processes (engineering study estimate) — indicates sustainability-oriented processing innovation
05
Private label accounted for 18% of pet food retail sales in the UK in 2023 (retail scanner report figure) — indicates competitive pressure and margin effects
06
E-commerce accounted for 12% of pet food sales in the US in 2023 (consumer market share metric) — indicates digital channel importance
07
Vet clinics adopting telemedicine reported a 25% average reduction in follow-up appointment time (clinic operations study) — indicates service-delivery efficiency
08
Microbiome-focused additives in pet food reached $1.1 billion global sales in 2024 (market tracker estimate) — indicates growth of science-led nutrition
09
35% of US cat owners report their cat ate dry food in the last 24 hours—AVMA 2024 pet ownership survey reports dry-food share for cats.
Interpretation
Industry Trends Interpretation
Under industry trends, global pet spending is on track to surpass $350+ billion by 2030 while health-focused growth like functional pet food at a 10.5% CAGR and the shift to 12% of US pet food sales via e-commerce show the market is increasingly driven by value-added products and digital shopping.
More related reading
04 · Category
Cost Analysis7 stats
01
US retailers sold 55 million pet collars and leashes in 2023 (unit sales metric) — indicates breadth of accessory demand
02
Pet food price index increased 8.4% year-over-year in the US in 2022 (BLS index metric) — indicates inflation impact on household budgets
03
US CPI for pet food rose from 100.0 to 108.4 between 2021 and 2022 (index values) — indicates measurable change in cost
04
Global pet food ingredient costs increased by 14% in 2023 (FAO food price proxy for feed ingredients) — indicates supply-chain cost pressure affecting retail pricing
05
Pet insurance premiums increased 10% year-over-year in the UK in 2024 (average premium change per insurer).
06
In the UK, the median monthly premium for pet insurance increased from £11.49 (2023) to £12.49 (2024) in a leading market survey.
07
In the US, the Producer Price Index (PPI) for pet food manufacturing rose to 143.4 in 2022 (index, 2017=100) per BLS PPI series for pet food manufacturing.
Interpretation
Cost Analysis Interpretation
From 2021 to 2022 the US pet food CPI rose from 100.0 to 108.4 and with the broader pet food price index up 8.4% year over year in 2022 plus global ingredient costs jumping 14% in 2023, pet-related costs are clearly climbing and squeezing budgets across the supply chain in the cost analysis view.
05 · Category
User Adoption1 stats
01
34% of US pet owners report using a vet recommendation for choosing pet food (2024 survey share).
Interpretation
User Adoption Interpretation
As a user adoption signal in the US, 34% of pet owners say they use a veterinarian recommendation when choosing pet food, showing that vet guidance plays a key role in driving how people adopt products in this market.
report visual · Comparison
Global Pet Industry Spending: Pet Food vs. Treats vs. Vaccines (2023)
In 2023, pet food and pet treats represent the largest nutrition spending categories, while pet vaccines form a substantial veterinary submarket.
$16.0 billion global pet food market in 2023 — indicates overall scale of pet food spending before subsequent growth pro$16.0 billion
$12.4 billion global pet treat market size in 2023 — indicates a rapidly monetizing subsegment of pet nutrition
$12.4 billion
Pfizer/partner estimate: $7.2 billion global spend on pet vaccines in 2023 — indicates the immunization submarket within
$7.2 billion
source-verifiedgrandviewresearch.com · globenewswire.com · pfizer.com2023
Reference
Cite This Report
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APA
Isabelle Moreau. (2026, February 13). Global Pet Industry Statistics. Gitnux. https://gitnux.org/global-pet-industry-statistics
MLA
Isabelle Moreau. "Global Pet Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/global-pet-industry-statistics.
Chicago
Isabelle Moreau. 2026. "Global Pet Industry Statistics." Gitnux. https://gitnux.org/global-pet-industry-statistics.
Sources & references
22 datasets cited across this report · attribution is report-level
+6 additional datasets cited (not shown individually)