How much is the pet industry worth
WebJan 5, 2024 · Data from industry analysts IBISWorld shows pet food production is worth $2.6 billion a year in Australia and is projected to grow to $2.8 billion by 2026 as pet owners increasingly look to gourmet food options for their animals. WebMay 18, 2024 · According to the American Pet Products Association (APPA), total pet industry expenditures reached $60.59 billion in 2015. That’s up from $58.04 billion in 2014. Let’s take a closer look at the economics of the pet industry and how much the average American spends on the family pet.
How much is the pet industry worth
Did you know?
WebIn the United States alone between 2024 and 2024 there was an estimate of 393 million pets, making for a total pet expenditure of $72.56 billion. In Europe the total amount of … WebIndustry Overview. Pet Care Market size was valued at USD 280 billion in 2024 and is expected to witness more than 7% CAGR from 2024 to 2032. The surging expenditure on …
WebNov 30, 2024 · The pet industry is expected to reach $358.62 billion by 2027 ( Globe Newswire) Industry experts expect a 6% compounded annual growth rate (CAGR) in the pet industry over the next five years. The big driver behind that growth is largely technology. Technology gives pet owners new ways to keep their pets safe, healthy and entertained.
WebNorth America is responsible for 31.0% of pet food production worldwide, with the huge demand for pet care driving the American pet dietary supplement market. Further, according to the American Veterinary Dental Society, more than 80% of dogs develop gum disease by the age of three, and over 70% of cats face the same problem at the same age. WebJun 26, 2024 · Households are estimated to have spent more than $12.2 billion on pet products and services last year, up 42 per cent since 2013. Pet ownership in Australia There are more than 24 million pets in ...
WebMay 20, 2024 · The US pet industry, as a whole, is worth $75 billion. By 2024, the pet food market was worth $36.9 billion, and the projection for 2024 will reach $38.4 billion. After …
WebMar 13, 2024 · As a result, the U.S. pet industry has reached a value of $76.8 billion, and it’s only expected to continue to grow at a CAGR of 5.3% from 2024 to 2025. The U.S. makes … fluent assertions should be one ofWebApr 10, 2024 · By 2025, the pet grooming industry is projected to grow to $14.5 billion. In the USA, 83% of dogs and 17% of cats are insured. During 2024-2025, the pet accessories … fluentassertions throw not foundWeb2 days ago · Adding a kitten or puppy to your family can bring you lots of joy, but it can also bring lots of expenses. For example, if you need to have your pet spayed or neutered, it … greene county courthouse missouriWebMay 18, 2024 · According to the American Pet Products Association (APPA), total pet industry expenditures reached $60.59 billion in 2015. That’s up from $58.04 billion in … fluent assertions string ignorecaseWebMar 25, 2024 · The trade group’s annual pet industry spending breakdown found that clients spent $18.11 billion on veterinary care in 2024, a rise of 6.1 percent over the previous … fluent assertions throws exceptionWebJun 28, 2024 · The pet industry is worth $222.93 billion. This is in reference to the global pet industry, and it's expected to grow in value over the next seven years, reaching $325.74 billion in 2028. This would result in a CAGR of 5.6%, similar to the CAGR the U.S. pet industry is expected to experience from 2024 to 2025: 5.3%. In addition, the pet ... greene county courthouse marriage licenseWebMar 29, 2024 · The pet industry reached a milestone in 2024, with total sales of $103.6 billion, a historic high, according to the American Pet Products Association (APPA) State of the Industry Report... fluent bit ecs fargate