Welcome to our blog post about pet industry statistics. As pet owners ourselves, we understand how important our furry friends are to us. They bring us joy, comfort, and companionship, and we want to make sure they are well taken care of.
That’s why we’ve compiled some of the most interesting and important pet industry statistics to help you better understand the industry and make informed decisions about your pet’s care. From the total number of pets in the United States to the amount of money spent on pet care, we’ve got you covered. So, without further ado, let’s dive into the pet industry statistics.
Pet Industry: The Most Important Statistics
Pet Food Companies have increased their market share by 40%, reaching a total of 50$ billion in 2021 according to APPA.
The top seven countries for animal testing are the United States (20 million), China (16 million), Japan (11 million), European Union (9.4 million), Australia (6.7 million), Canada (4.3 million) and New Zealand (0.24 million). 56% of U.S. citizens accept animal testing, while 68% of UK nationals are against it.
Pet Industry: Statistics Overview
North America will hold 40% of the Pet Care Industry market share by 2027, with the Global Pet Care Industry estimated to reach 385.62$ billion and Pet Insurance Industry estimated to reach 3.21$ billion by 2020.
The Pet Care Industry is growing rapidly, especially in North America, and is expected to continue to do so in the coming years. This growth is also expected to be driven by the increasing demand for pet insurance, which is an important part of the Pet Care Industry.
The Veterinary Healthcare market is expected to grow to $252.05 billion in 2026 at a CAGR of 9.2%. North America and Asia are the largest markets in this field.
This shows the potential for growth in the Veterinary Healthcare market, and highlights the importance of North America and Asia as key markets. This information can be used by businesses in the pet industry to inform their strategies and investments.
Pet Food Companies have increased their market share by 40%, reaching a total of 50$ billion in 2021 according to APPA.
The pet industry is growing and that pet food companies are taking up a larger share of the market. This indicates that pet owners are increasingly willing to invest in their pet’s health and well-being, which is a positive sign for the pet industry.
The pet industry is a multi-billion dollar global industry, with pet owners in Canada, the U.K., the European Union, China, and Australia spending an average of billions of dollars annually on pet products and services.
This has a significant impact on the economy.
The top seven countries for animal testing are the United States (20 million), China (16 million), Japan (11 million), European Union (9.4 million), Australia (6.7 million), Canada (4.3 million) and New Zealand (0.24 million). 56% of U.S. citizens accept animal testing, while 68% of UK nationals are against it.
This shows the prevalence of animal testing, which is a major ethical concern for many pet owners. This information can be used to inform pet owners about the companies and products that do not use animal testing, so they can make more informed decisions when purchasing pet products.
The global pet care market is expected to reach USD 269.9 billion by 2025.
The pet care market is growing at a rapid rate and is expected to reach a staggering USD 269.9 billion by 2025. This is a clear indication that the pet care industry is a lucrative and profitable sector that is worth investing in.
In 2021, 70% of U.S. households owned a pet.
The pet industry is a thriving and growing sector, with more and more households investing in the joys of pet ownership. This statistic is a key indicator of the potential for growth in the pet industry, and is an important piece of information for anyone interested in the pet industry.
The U.S. pet industry was valued at more than $100 billion in 2020.
Pet ownership is a major part of the American lifestyle, and that the industry is a major contributor to the economy. It also highlights the importance of the pet industry in terms of providing jobs and services to millions of people. This statistic is a powerful reminder of the impact that the pet industry has on our lives.
63.4 million U.S. households owned a dog in 2021.
The pet industry is a booming business, with 63.4 million households owning a dog in 2021. This statistic is a great indicator of the potential for growth in the pet industry, and it is an important piece of information for anyone interested in the pet industry.
The global veterinary care market size is expected to reach USD 155.06 billion by 2028.
This is a clear indication that the pet industry is thriving and that pet owners are increasingly investing in the health and wellbeing of their furry friends.
In 2020, there were approximately 96.05 million cats in the United States.
Cats are one of the most popular pets in the country, and that the pet industry is thriving. This statistic is an important indicator of the health of the pet industry, and it is essential for anyone interested in the pet industry to be aware of this statistic.
Online pet food sales in the U.S. were up 77% in 2020.
This statistic is a testament to the power of the pet industry in 2020. It shows that despite the challenges of the pandemic, pet owners were still willing to invest in their furry friends, resulting in a 77% increase in online pet food sales. This is a clear indication that the pet industry is a resilient and growing sector, and one that should not be overlooked.
Millennials represent the largest pet-owning demographic in the U.S., accounting for 32% of pet owners.
This is essential for businesses to understand the preferences and habits of this demographic in order to effectively target them and maximize their profits. Knowing that Millennials make up the largest pet-owning demographic in the U.S. can help businesses tailor their strategies to better reach this group and capitalize on their spending power.
The global pet food market is expected to grow at a CAGR of 4.5% from 2021 to 2027.
The market is likely to expand at a steady rate over the next few years, providing a strong foundation for businesses to capitalize on. This could be a great opportunity for entrepreneurs and investors to get involved in the pet food industry and take advantage of the expected growth.
The global pet insurance market is expected to grow at a CAGR of 8.3% between 2020 and 2027.
Pet owners are increasingly recognizing the need to protect their furry friends from unexpected medical costs, and are investing in pet insurance to do so. This trend is likely to continue in the coming years, making pet insurance an increasingly important part of the pet industry.
In 2019, U.S. households spent an average of $662 on their pets.
Pet owners are willing to invest in their furry friends, and that the pet industry is a lucrative market. This statistic is a testament to the growing importance of the pet industry and its potential for growth.
The pet accessories market is expected to reach USD 57.10 billion by 2028.
It is a lucrative industry with a bright future. It is a valuable piece of information for anyone interested in the pet industry, as it provides insight into the growth of the market and the opportunities it presents. This statistic is an important factor to consider when discussing pet industry statistics, as it provides a glimpse into the future of the industry.
The average veterinarian salary in the U.S. was $96,624 in 2020.
Veterinarians are well-compensated for their work, and that the pet industry is a viable career option for those looking to make a good living. Furthermore, it demonstrates the value that pet owners place on the care of their animals, and the importance of the pet industry in the U.S. economy.
In 2020, 31.1% of global pet owners purchased pet products online.
This highlights the importance of online presence for businesses in the pet industry, as well as the need to provide a convenient and secure shopping experience for customers. Furthermore, it suggests that the pet industry is adapting to the digital age, and that the industry is likely to continue to grow in the future.
The global pet supplements market is expected to reach USD 2.9 billion by 2027.
Pet owners are increasingly recognizing the benefits of supplementing their pet’s diet with vitamins and minerals, and are willing to invest in products that can help keep their pets healthy and happy. This is a trend that is likely to continue in the coming years, making pet supplements an important part of the pet industry.
92% of new pet owners in the UK plan to keep their pets even post-pandemic.
This speaks to the resilience of the pet industry, which has seen a surge in demand for pet products and services despite the economic downturn. It also highlights the importance of pet ownership in providing companionship and emotional support during difficult times. This statistic is a reminder of the power of the human-animal bond and the positive impact that pets can have on our lives.
Pet adoptions increased by 15% in 2020, with animal shelters facing high demand for pets during the pandemic.
The statistic that pet adoptions increased by 15% in 2020 is a testament to the fact that the pet industry has seen a surge in demand due to the pandemic. This is an important indicator of the impact the pandemic has had on the pet industry, and it is a valuable piece of information for anyone interested in the pet industry and its current state.
Conclusion
In conclusion, the pet industry is growing rapidly and is expected to continue to do so in the coming years. With more people owning pets, the pet industry is becoming increasingly important to the economy. Pet owners are spending more money on their pets, and the industry is responding with new products and services.
The pet industry is a great opportunity for entrepreneurs and businesses to capitalize on the growing demand for pet products and services. With the right strategies and investments, businesses can take advantage of the potential of the pet industry and make a profit.
References
1 – https://worldanimalfoundation.org/advocate/pet-industry-statistics/
2 – https://www.reportlinker.com/p06281012/?utm_source=GNW
3 – https://worldanimalfoundation.org/advocate/pet-food-manufacturers/
4 – https://worldanimalfoundation.org/advocate/pet-spending-statistics/
5 – https://worldanimalfoundation.org/advocate/animal-testing-statistics/
6 – https://www.adroitmarketresearch.com
7 – https://www.mblox.com
8 – https://www.americanpetproducts.org
9 – https://www.prnewswire.com
10 – https://apnews.com
11 – https://www.bls.gov
12 – https://www.salary.com
13 – https://www.smuckers.com
14 – https://www.statista.com
15 – https://www.petfoodindustry.com
16 – https://www.blueweaveconsulting.com
