Pet statistics continue to change and grow each year because most households in the United States own at least one pet. The pet market value in the United States is expected to increase to USD 269.9 billion by 2025.
If you’re passionate about the animal industry, you’ll be interested to learn some interesting pet stats. They’ll not only open your eyes but also enrich your knowledge by providing you with facts that you can use whenever the subject comes up in conversation. You can use the pet industry statistics to back up and support your argument and stance on the pet industry.
These top 10 fascinating facts about pets will answer questions such as how many people own pets and how many pets there are in the U.S. Knowing the answers will give you an overview of the current state of the pet industry.
We’ll look into the revenue stats of the various areas of pet insurance: pet healthcare, pet grooming, pet care services.
APPA states that by the end of 2020, the amount of money people spend on their pets in the U.S. is expected to increase to $99 billion. This is around $9 billion more than in 2018.
The pet food statistics make up a large segment of the market at $38.4 billion for the pet supplies industry, and vet care making up $30.2 billion of the market.
(Global Market Insights)
In 2018, the pet healthcare value was projected at $43.55 billion. The Compound Annual Growth Rate (CAGR) between 2017 and 2025 is 5.6% and by 2026, the healthcare market will reach around $70.01 billion.
The pet food trends contributed to the growth of the pet healthcare market due to pet owners demanding nutritious and healthy pet food for their pets. Moreover, the increasing demand for telemedicine over the internet has increased pet owners’ access to veterinarians, nutritionists, and animal experts through mobile apps and video calls.
(Globe News Wire)
The pet stats in the grooming industry statistics around the world reached $3.87 million in 2017 and by 2025, it’s estimated to reach $5 million. It’ll grow at a CAGR rate of 4.5% for 8 years from 2018 to 2025. The United States’ pet products market for grooming accounts for almost 30% of the worldwide pet market.
Although the pet grooming products market is the smallest, it’s one of the most established, observing stable financial growth over the last decade. Facilitating the steady growth are the upcoming new pet trends, which include seeing pets as part of the family, fast humanization of pets, and increased awareness regarding pet health.
(Pet Food Processing)
The United States leads in the global pet food market, holding a market share of 80%, with the rest of the world holding 30%. At a CAGR of 5%, the U.S. pet food industry is projected to increase from $10.4 billion in 2018 to a total of $13.3 billion in 2023.
The pet statistics in the grooming industry have seen an average growth of 4.3% between 2015 and 2020. Revenue for both the pet grooming and the pet boarding industry has doubled over the last decade. In 2020, the grooming and boarding industry will reach $9.2 billion because pet owners demand premium pet products and services.
(United States Census Bureau)
Over the past decade, the pet service industry numbers increased to $5.8 billion. Pet care services include boarding, grooming, pet sitting, and training. More than $100,000 businesses provide pet care services in the United States, hence increasing the number to over 60% since 2007.
The pet boarding statistics for pet boarding services are 28% and the pet grooming statistics are 42%. Pet boarding services come second to pet grooming services.
How popular are online pet retails?
Around 60 million pet owners choose to buy pet products from traditional pet retail stores, whereas 13 million pet owners buy pet products from online stores. Between the years 2016 and 2018, the pet trends in the online pet retail industry grew with over 5 million people opening online pet stores.
(Pet Food Industry)
In 2023, experts predict that the online pet food industry can expect an increase in sales, reaching $15.5 million, which accounts for 26% of the pet ecommerce market.
Let’s find out how many dog daycares are there in the US, how many pet owners are there and how much it costs raising a dog in 2020.
(American Kennel Club)
The pet stats for the average cost of raising a dog are $23,410, but this number doesn’t include dog obedience classes. Future dog owners will need to add obedience classes, including the cost of equipment and private lessons, to get the total cost of raising a healthy and well-trained dog.
(The Spruce Pets)
According to various dog stats, the average cost of keeping a dog is between $1,400 to $4,300 per year. Other factors that contribute to the expenses of keeping a dog are its age and size and the region a pet owner lives in, as well as their lifestyle and their pet’s individual needs.
Dog owners can obtain the total cost they need to put aside for their dog by calculating the expenses for food and treats, toys, beds, collars and leashes, grooming, routine vet care, preventative medicine and supplements, training classes, dog walking if you cannot always walk the dog yourself, and boarding.
At the start of 2000, the dog population in the United States numbered around 68 million, but this increased to $89.7 million in 2017, which is an increase of more than 20 million. The number of dog owners increased in the country because the resident population increased. In recent years, dog ownership stats reached around 50%.
The statistics about dogs show that there are more than 900 million dogs across the globe with 50% of people having three dogs or more. In 2012, the number of dog owners increased, going over 500 million.
The dog stats on the dog daycare industry report that there are around 16,000 daycares for dogs in the country and they generate a combined yearly revenue of around $4.5 billion every year.
What’s the current state and projections of the pet industry market.
The highest selling market according to the pet ownership statistics 2019 was pet food, with industry experts predicting that it will continue to hold the top position in 2020. They also predicted that sales in the United States will reach $38.4 billion with vet care and over-the-counter medicine and supplies ranking in second and third positions.
It’s forecasted that sales for those two markets will be about $30.2 for vet care and $19.8 billion for medicine.
In the United States, 56% of pet owners have invested in technology for their pets. The most popular pet industry trends in technology include health and nutrition applications (24%), smart toys (20%), pets servicing apps (22%), and pet monitoring cameras (22%).
8 in 10 pet owners state that technology provides them with a greater sense of security (39%) and wellbeing (41%) for their pets. Around 8 in 10 pet owners use monitoring and tracking technology with the top three being a microchip (60%), a camera (22%), and a tracking device (20%).
The pet industry has no chance of slowing down and is expected to reach $281 in the next few years. Recession or a bad economy does not affect the animal stats as far as growth is concerned. Even animal adoption rates have gone up, increasing by over 110%. For instance, the state of New York reported seeing an increase in the number of applicants interested in adopting a dog from a shelter.
How many pet lovers are there in the U.S.?
(World Population Review)
The pet ownership statistics by state report that Wyoming has the highest number of pet owners, with 71.80% owning a pet. West Virginia comes in second place with 70.70% owning a pet, and Vermont comes in third place with 70% owning a pet. The three locations with the lowest pet ownership percentages are the District of Columbia (38.2%), Rhode Island (45.4%), and South Dakota (46.4%).
In Latin America, the combined pet ownership is 80% in Argentina and Mexico, 75% in Brazil, 73% in Russia, and 70% in the United States.
The pet ownership statistics 2020 estimated that people in the United States are projected to spend $99 billion on pets. The consumer expenditure on pets in the U.S. has increased by 560% between 1994 and 2019.
In 1988, 56% of people owned a pet, but in 2017, it went up to 68% owning at least one or more pets.
In the United States, there are over 84.6 million pet owners with millennials making up a large segment of it. The millennial pet ownership statistics show that millennials own 35% of the pets in the country.
The cat and dog ownership statistics report that three-fourths of millennials own a dog and more than half own a cat. That makes 50% of the population in the country dog owners and 35% cat owners.
Food, gifts, clothing – what do we spend most on our pets?
According to ongoing pet industry trends, 42% of all Americans’ pet spending went towards buying food for their pets in 2016 while around $14.71 billion was spent on beds, leashes, toys, travel items, clothing, water bowls, and more.
The pet ownership stats reveal that around 92% of millennials buy their pets gifts such as toys, treats, and clothes, and around 51% of pet owners buy one gift at least once each month for their pets. 55% of men and 47% of women buy gifts for their pets. On average, a millennial buys gifts for his/her pet four times each month.
Pet statistics show that millennials are twice as likely to purchase clothes for their pets compared to baby boomers. The pet spending statistics report that 60% of people buy dresses and sweaters for their pets.