GITNUX MARKETDATA REPORT 2024

Must-Know Pet Industry Statistics [Latest Report]

In this post, we explore a comprehensive collection of key statistics shedding light on the thriving pet industry. From the significant market growth projections to ownership demographics and spending patterns, these statistics offer valuable insights into the evolving landscape of pet care and services. Join us as we delve into the numbers shaping this dynamic industry.

Statistic 1

"The Veterinary Healthcare market is expected to grow to $252.05 billion in 2026 at a CAGR of 9.2%."

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Statistic 2

"North America and Asia are the largest markets in this field."

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Statistic 3

"The Veterinary Healthcare market is expected to grow to $252.05 billion in 2026 at a CAGR of 9.2%."

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Statistic 4

"North America and Asia are the largest markets in this field."

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Statistic 5

"Pet Food Companies have increased their market share by 40%, reaching a total of 50$ billion in 2021 according to APPA."

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Statistic 6

"The global pet care market is expected to reach USD 269.9 billion by 2025."

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Statistic 7

"In 2021, 70% of U.S. households owned a pet."

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Statistic 8

"The U.S. pet industry was valued at more than $100 billion in 2020."

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Statistic 9

"63.4 million U.S. households owned a dog in 2021."

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Statistic 10

"The global veterinary care market size is expected to reach USD 155.06 billion by 2028."

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Statistic 11

"In 2020, there were approximately 96.05 million cats in the United States."

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Statistic 12

"Online pet food sales in the U.S. were up 77% in 2020."

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Statistic 13

"Millennials represent the largest pet-owning demographic in the U.S., accounting for 32% of pet owners."

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Statistic 14

"The global pet food market is expected to grow at a CAGR of 4.5% from 2021 to 2027."

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Statistic 15

"The global pet insurance market is expected to grow at a CAGR of 8.3% between 2020 and 2027."

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Statistic 16

"In 2019, U.S. households spent an average of $662 on their pets."

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Statistic 17

"The pet accessories market is expected to reach USD 57.10 billion by 2028."

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Statistic 18

"The average veterinarian salary in the U.S. was $96,624 in 2020."

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Statistic 19

"In 2020, 31.1% of global pet owners purchased pet products online."

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Statistic 20

"The global pet supplements market is expected to reach USD 2.9 billion by 2027."

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The pet industry is experiencing substantial growth, with the veterinary healthcare market projected to reach $252.05 billion by 2026 at a CAGR of 9.2%. North America and Asia lead the industry, while pet food companies have increased their market share significantly. The global pet care market is also on the rise, expected to reach USD 269.9 billion by 2025. With a large percentage of households owning pets in the U.S., it’s clear that the industry has a significant consumer base. Additionally, the growth in online sales, pet insurance market, and pet accessories market indicates a shift towards convenient and holistic pet care services.

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