Pet Spending Statistics. households in 2023 and early 2024. Pet ownership crosses m

households in 2023 and early 2024. Pet ownership crosses many demographic boundaries, with Americans of different ages and levels of wealth reporting spending on pets. In 2023, some Mar 23, 2023 · As economic uncertainty persists, the pet industry remains strong and resilient, with consumers nationwide prioritizing pet ownership and a commitment to their pets’ health and happiness. These trends also mean that the pet industry is only expected to grow in the years to come. The pet industry continues to boom as an increasing number of young people buy pets and treat them as family members. Productivity data for the pet care services industry show trends such as increased pet ownership; younger pet owners choosing to pay more for individualized, quality pet care; and “pet tech Mar 3, 2020 · The American Pet Products Association released its latest pet spending data for 2019, with the pet food and treat category driving $36. Online pet sales in 2020 only accounted for 21. Bureau of Labor Statistics Consumer Expenditures Surveys (CE) to examine trends in pet spending from 2013 to 2021. Jan 6, 2026 · The U. Sep 12, 2024 · Between 2019 and 2023 pet spending grew by a compound annual rate of 11%, in nominal terms, compared with 6% for consumer spending overall and 5% for pet spending over the preceding decade (see Oct 28, 2024 · According to the 2024 Pet Ownership and Demographic report from the American Veterinary Medical Association (AVMA), pet ownership in the US has continued to rise in 2024.

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