GITNUX MARKETDATA REPORT 2024

Pet Care Industry Statistics

The pet care industry continues to show strong growth, with increased spending on pet products and services driven by a rise in pet ownership and humanization of pets.

Statistic 1

"As of 2020, the global pet care market was valued at USD 223.54 billion."

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Statistic 2

"The pet care industry is expected to reach USD 358.62 billion by 2027, growing at a CAGR of 5.6% from 2021 to 2027."

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Statistic 3

"The US pet industry expenditure was estimated to hit $99 billion in 2020."

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Statistic 4

"Pet food makes up the majority of pet care costs; in the US, people spent around $38.4 billion on it in 2020."

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Statistic 5

"67% of U.S households, or about 85 million families, own a pet."

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Statistic 6

"The pet health product segment is expected to exhibit a CAGR of 5.2% during 2021-2026."

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Statistic 7

"The pet grooming segment is expected to register a CAGR of 6.8% during 2020-2027."

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Statistic 8

"Approximately 92% of pet owners have purchased pet supplies online."

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Statistic 9

"E-commerce pet food sales reached $5.8 billion in the US in 2020."

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Statistic 10

"The global pet insurance market was $6.05 billion in 2020 and is projected to reach $11.25 billion by 2026."

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Statistic 11

"There was a 9.8% annual growth in vet spending per household from 2017 to 2018."

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Statistic 12

"In the US, households spend an average of $212.80 on pet food annually."

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Statistic 13

"There were over 4 million downloads of pet care apps across iOS and Google Play in Q1 2020."

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Statistic 14

"As of 2021, around 49% of the global pet care market is concentrated in North America."

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Statistic 15

"Over 10% of veterinarians in the US solely provide mobile veterinary services."

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Statistic 16

"47% of millennials in the US have a pet dog."

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Statistic 17

"The annual global sales of pet medication was $6 billion in 2020."

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Statistic 18

"Organic pet food sales have grown by 9.5% annually since 2013."

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