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Last Updated: March 22, 2023 Author: Celia Miller
Pet Industry Statistics
Report Highlights. Pets, pet products, and pet care are all part of a $103.6 billion national industry; 40.5% of revenue is from food and treats alone.
The pet industry grows by 11.6% every year.
The average pet-owning household spends $1,120 per year on their pets.2-in-3 American households include at least one pet.
Two (2) corporations consume 49% of the pet industry’s market share.Globally, the pet industry is worth $232 billion.
Power in Numbers