The U.S. pet market topped $100 billion for the first time in 2020.
In 2020, more than 10 million dogs and more than 2 million cats were added to the U.S. household pet base.
The global pet care market is estimated at USD 179.4 billion in 2020 and is projected to reach a revised size of USD 241.1 billion by 2026.
The North American pet insurance market will exceed USD 2.83 billion (EUR 2.27B) in 2021, a growth of 30% compared to 2020.
There are now more than 4.41 million insured pets in North America by 2022, up from 3.45 million in 2020. Since 2018, pet policies for pet insurance have increased by 113% for cats and 86.2% for dogs.
Cats (26%) and dogs (25%) are the most popular pets in Europe, followed by birds, rabbits and fish.
Germany is the European country with the most cats and dogs (27 million), followed by France (22.6 million), Italy (18.7 million), Spain (15.1 million) and Poland (10.5 million).
By 2021, there will be approximately 110 million cats, 90 million dogs, 50 million birds, 30 million small mammals, 15 million aquarium and 10 million land animals in Europe.
The global pet food market will grow from USD 115.5 billion in 2022 to USD 163.7 billion in 2029 at a CAGR of 5.11%.
The global pet dietary supplements market is expected to grow at a CAGR of 7.1% between 2020 and 2030.
The global pet grooming products market size is expected to reach USD 14.5 billion by 2025, growing at a CAGR of 5.7%.
According to the 2021-2022 APPA National Pet Owner Survey, 70% of U.S. households own a pet, which equates to 90.5 million households.
The average American spends $1.201 per year on their dogs.
Post time: Dec-08-2022
