Key Takeaways
- The global pet care market was valued at USD 232.26 billion in 2023 and is expected to grow at a CAGR of 5.2% from 2024 to 2030, reaching USD 341.72 billion by 2030.
- U.S. pet industry expenditures reached $136.8 billion in 2022, marking a 10.5% increase from 2021.
- The pet food segment dominated the global pet care market with a 42% revenue share in 2023.
- 66% of U.S. households (86.9 million) owned a pet in 2023-2024.
- Dogs are the most popular pet in the U.S., with 65.1 million households owning one in 2023.
- 44.4 million U.S. households owned cats in 2023, representing 28% of households.
- Total U.S. pet spending hit $147 billion in 2023, up 7% from 2022.
- U.S. pet food and treats spending reached $58.1 billion in 2023.
- Supplies, live animals, OTC medicine spending $33.3 billion in U.S. 2023.
- Dry dog food holds 52% of U.S. pet food market share in 2023 sales.
- Wet cat food sales increased 8% to $4.2 billion in U.S. 2023.
- Pet treats and snacks category grew 12% globally to $32 billion 2023.
- North America pet care market 38% global share in 2023.
- Europe pet ownership highest per capita, 25% above global average 2023.
- Asia-Pacific fastest growing region at 6.5% CAGR to 2030.
The pet care industry is booming globally, driven by high spending and strong growth.
Consumer Spending
- Total U.S. pet spending hit $147 billion in 2023, up 7% from 2022.
- U.S. pet food and treats spending reached $58.1 billion in 2023.
- Supplies, live animals, OTC medicine spending $33.3 billion in U.S. 2023.
- Vet care and product sales totaled $38.3 billion in U.S. 2023.
- Kennel boarding and grooming U.S. spending $9.3 billion in 2023.
- Other services like insurance, sitting: $10.2 billion U.S. 2023.
- Average annual spending per dog-owning U.S. household $1,478 in 2023.
- Per cat-owning household average spend $906 annually in U.S. 2023.
- 40% U.S. pet owners bought premium pet food in 2023, up from 33% in 2020.
- U.K. pet owners spent £8.2 billion on pet food alone in 2023.
- 67% of U.S. dog owners splurged on holiday gifts for pets 2023 survey.
- Millennial U.S. pet spending averages $1,200 per year per pet 2023.
- 25% increase in U.S. pet insurance premiums paid, $2.5 billion total 2023.
- Online pet product sales grew 15% to $18 billion in U.S. 2023.
- Gen Z U.S. consumers 75% more likely to buy sustainable pet products 2023.
- Average U.K. dog owner spends £2,000 annually on pet care 2023.
- Brazil pet owners spent BRL 30 billion total, food 55% share 2023.
- 32% U.S. pet owners increased spending post-pandemic 2023 survey.
- Australia average pet spend AUD 2,500 per year per household 2023.
- China pet consumption per capita CNY 1,800 in urban areas 2023.
- 55% U.S. cat owners buy treats monthly, averaging $15 per purchase 2023.
- Europe pet healthcare spending €15 billion in 2023, vet visits up 10%.
- India pet spending grew 25% to INR 7,500 crore, premium products 40%.
- 68% Boomers in U.S. spend more on vet care than human healthcare 2023.
- Global pet food e-commerce sales $25 billion in 2023, 12% growth.
- U.S. pet parents 45% willing to pay 20% premium for organic food 2023.
- Japan average pet spend ¥200,000 per year per household 2023.
- 37% U.S. households spent over $500 on pet gifts 2023 holidays.
Consumer Spending Interpretation
Market Size & Growth
- The global pet care market was valued at USD 232.26 billion in 2023 and is expected to grow at a CAGR of 5.2% from 2024 to 2030, reaching USD 341.72 billion by 2030.
- U.S. pet industry expenditures reached $136.8 billion in 2022, marking a 10.5% increase from 2021.
- The pet food segment dominated the global pet care market with a 42% revenue share in 2023.
- Europe's pet care market is projected to grow at a CAGR of 4.8% from 2023 to 2028 due to rising pet humanization trends.
- Asia-Pacific pet care market size was USD 29.5 billion in 2022, expected to reach USD 45.2 billion by 2030 at CAGR 5.5%.
- North America holds 38% of the global pet care market share in 2023, driven by high pet ownership rates.
- The global pet grooming services market grew from USD 2.8 billion in 2022 to USD 3.1 billion in 2023 at 10.7% CAGR.
- U.S. pet care market is forecasted to hit $147 billion in total spending by 2023 end.
- Latin America's pet care industry expanded by 12% year-over-year in 2022 to USD 8.4 billion.
- Pet insurance market globally valued at USD 10.2 billion in 2023, projected CAGR 18.5% to 2030.
- India's pet care market grew 16% in 2023 to INR 7,500 crore, fueled by urban millennial adoption.
- Global pet treats market size reached USD 28.4 billion in 2023, expected to grow at 5.8% CAGR.
- U.K. pet care sector turnover hit £8.2 billion in 2022, up 8% from previous year.
- China pet market valued at CNY 269 billion in 2023, with 6.5% YoY growth.
- Australian pet care industry worth AUD 3.8 billion in 2023, CAGR 7.2% projected to 2028.
- Global veterinary services market size USD 52.4 billion in 2023, CAGR 8.1% to 2030.
- Brazil pet care market expanded to BRL 30 billion in 2023, 11% growth rate.
- Pet boarding and daycare market globally at USD 12.5 billion in 2023, 9.2% CAGR forecast.
- Japan pet industry market size ¥1.7 trillion in 2023, stable 4% annual growth.
- Middle East & Africa pet care market to grow from USD 2.1 billion in 2023 at 6.8% CAGR.
- Canada pet care expenditures totaled CAD 4.5 billion in 2022, up 7%.
- Global pet apparel market valued USD 6.2 billion in 2023, CAGR 7.5% to 2030.
- South Korea pet market hit KRW 4.5 trillion in 2023, 10% YoY increase.
- Pet training services market worldwide USD 4.8 billion in 2023, 11% growth projected.
- Germany pet care market size €5.9 billion in 2023, 5.3% CAGR to 2028.
- Global smart pet collars market USD 2.9 billion in 2023, explosive 15.2% CAGR.
- France pet products market €3.2 billion in 2023, driven by premiumization.
- Pet waste management products market global USD 4.1 billion 2023, CAGR 6.4%.
- Italy pet care industry €2.8 billion in 2023, 4.7% annual growth.
- Global pet furniture market USD 5.3 billion 2023, projected 8.9% CAGR to 2030.
Market Size & Growth Interpretation
Pet Ownership
- 66% of U.S. households (86.9 million) owned a pet in 2023-2024.
- Dogs are the most popular pet in the U.S., with 65.1 million households owning one in 2023.
- 44.4 million U.S. households owned cats in 2023, representing 28% of households.
- Millennial pet ownership rate in U.S. reached 33% of their households in 2023.
- 70% of Gen Z Americans own or plan to own a pet within next 5 years (2023 survey).
- In the UK, 57% of households (16 million) have a pet in 2023.
- China has over 120 million pet dogs and 106 million cats owned in urban areas as of 2023.
- Brazil pet ownership stands at 149 million pets in 2023, with dogs at 58.4 million.
- Australia has 29 million pets, with 69% of households owning at least one in 2023.
- India urban pet ownership grew to 35 million pets in 2023, up 20% from 2020.
- Germany has 34.3 million pets, 40% of population owns a pet in 2023.
- France pet ownership rate 58% of households (2 in 3) in 2023.
- Japan dog and cat population totals 17 million pets in 2023.
- Canada 38% households own pets, totaling 15 million companion animals in 2023.
- South Korea pet ownership surged to 6 million dogs and 3 million cats in 2023.
- Italy 60% households have pets, 13.4 million dogs and 9.5 million cats in 2023.
- Russia pet population 70 million, with 45% urban households owning pets 2023.
- Mexico has 28 million dogs and 12 million cats as pets in 2023.
- Spain pet ownership 49% households, 9.3 million dogs in 2023.
- Netherlands 55% households own pets, highest dog ownership in EU at 2023.
- Poland pet numbers reach 29 million, 48% households in 2023.
- Sweden pet ownership 53%, with 900,000 dogs registered 2023.
- U.S. bird ownership in 7.3 million households, freshwater fish in 11.5 million in 2023.
- Reptile ownership in U.S. households: 6.4 million in 2023.
- Small animal pets like hamsters in 5.7 million U.S. homes 2023.
- Equine ownership: 6.9 million horses in U.S. primarily for pleasure 2023.
- U.S. saltwater fish ownership in 2 million households 2023.
- 62% of U.S. pet-owning households consider pets family members (2023).
Pet Ownership Interpretation
Product Segments
- Dry dog food holds 52% of U.S. pet food market share in 2023 sales.
- Wet cat food sales increased 8% to $4.2 billion in U.S. 2023.
- Pet treats and snacks category grew 12% globally to $32 billion 2023.
- Flea/tick prevention products U.S. sales $3.8 billion in 2023.
- Premium pet food segment 35% of total U.S. dog food market 2023.
- Cat litter sales in U.S. reached $3.5 billion, clumping 70% share 2023.
- Dog toys market U.S. $4.1 billion, plush toys 25% segment 2023.
- Raw/fresh pet food grew 25% in U.S. to $1.8 billion 2023.
- Pet beds and furniture U.S. sales $2.9 billion in 2023.
- Collar/leash/accessories U.S. $6.2 billion total 2023.
- Fish food and supplies U.S. market $1.4 billion 2023.
- Reptile products sales U.S. $800 million in 2023.
- Small animal bedding/feed U.S. $500 million 2023.
- Bird supplies market U.S. $1.2 billion 2023.
- Frozen pet food segment CAGR 15% to $2.5 billion U.S. 2023.
- Organic/natural pet food 18% market penetration U.S. 2023.
- Dental care products for pets U.S. sales $1.1 billion 2023.
- Joint health supplements dogs U.S. $900 million 2023.
- Grooming tools/shampoos U.S. $2.3 billion 2023.
- Travel carriers/crates U.S. pet products $1.5 billion 2023.
- Apparel and accessories for dogs 40% market share U.S. 2023.
- Litter box innovations like self-cleaning 20% sales growth 2023.
- CBD pet products U.S. sales $600 million in 2023.
- Training pads/pads U.S. $700 million 2023.
- Waste bags/disposal U.S. $400 million 2023.
- U.S. pet industry 45% of sales from pet specialty channels 2023.
Product Segments Interpretation
Regional Insights
- North America pet care market 38% global share in 2023.
- Europe pet ownership highest per capita, 25% above global average 2023.
- Asia-Pacific fastest growing region at 6.5% CAGR to 2030.
- Latin America pet food market 15% growth 2023, Brazil leads.
- China pet market 20% of Asia-Pacific revenue in 2023.
- U.K. leads Europe with £8.2 billion pet care spend 2023.
- India pet care CAGR 19% highest in Asia 2023-2028.
- Australia pet humanization index highest in APAC 2023.
- Germany 10.6 million dogs, highest in EU 2023.
- Brazil 62 million pets, second largest in Latin America 2023.
- Japan senior pet ownership 40% households over 65 2023.
- Middle East pet market UAE leads with AED 2 billion 2023.
- Canada pet spending per capita CAD 120 highest North America 2023.
- South Korea cat cafes 3,000+ boosting ownership 2023.
- Mexico urban pet ownership 70% millennials 2023.
- France 15 million cats, highest in Europe 2023.
- Russia pet food imports 80% from EU despite sanctions 2023.
- Spain vacation pet-friendly hotels 30% increase 2023.
- Poland pet adoption up 25% post-COVID 2023.
- Africa pet care emerging, South Africa R10 billion market 2023.
- Italy premium pet food 45% sales share 2023.
- Netherlands dog registration 2.5 million, density leader EU 2023.
- Sweden sustainable pet products 60% consumer preference 2023.
- U.S. South region highest pet ownership 37% households 2023.
- China Tier 1 cities 40% pet ownership rate 2023.
- U.K. Scotland pet density highest 62% households 2023.
Regional Insights Interpretation
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