Key Takeaways
- In 2023, total U.S. pet industry expenditures reached $147 billion, a 6.2% increase from 2022, driven by rising pet ownership and premium product demand
- Globally, the pet care market was valued at $232.5 billion in 2022 and is projected to grow to $427.75 billion by 2032 at a CAGR of 6.45%, fueled by humanization of pets
- U.S. pet owners spent $36.8 billion on pet food and treats in 2023, up 8% from the previous year due to inflation and premiumization trends
- In 2023, U.S. dog owners spent $1,478 annually per dog on average, contributing to overall industry totals
- Cat food sales in the U.S. reached $12.4 billion in 2023, up 9% YoY due to kitten boom and premium wet food
- Dry dog food accounted for 55% of U.S. dog food sales at $11.2 billion in 2023, driven by convenience
- In 2023, U.S. vet costs for routine care averaged $465 per dog visit, totaling $15.9 billion nationally
- Pet insurance claims for surgery in U.S. averaged $3,750 per claim in 2023, driving $38.3B vet spend
- U.S. emergency vet visits cost $1,000-$5,000 on average in 2023, contributing to 7.8% category growth
- U.S. grooming services generated $3.1 billion in 2023 spend, up 10% with mobile options
- Dog boarding/night averaged $40-$80 in U.S. 2023, totaling $4.2B annually
- Pet walking services cost $20-$40 per 30-min walk in U.S. 2023, gig economy booming
- In 2023, U.S. pet collars/leashes sales hit $1.8 billion, smart collars up 25%
- Pet beds market in U.S. reached $1.4 billion in 2023, orthopedic leading at 35%
- Toys for dogs generated $3.2 billion U.S. sales in 2023, interactive up 14%
Global pet spending surges as owners prioritize premium care and products.
Accessories and Other Products
Accessories and Other Products Interpretation
Overall Pet Industry Spending
Overall Pet Industry Spending Interpretation
Pet Food and Supplies
Pet Food and Supplies Interpretation
Pet Services
Pet Services Interpretation
Veterinary Care and Health
Veterinary Care and Health Interpretation
Sources & References
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