U.S. Pet Industry Fun Facts
POPULARITY
- 40% of H/H’s had a pet in 1960
- 67% of H/H’s had a pet in 2018
- Now a U.S. H/H is twice as likely to have a pet as to
have a child under 18.
SPENDING – TOTAL PET $
- In 1960 we spent $1.08B on Pets
- In 2018 we spent $78.60B
GROWTH RATE SINCE 1960
- +7.7% per year
- +3.8% per year – adjusted for inflation
- 80% faster than Total Income
- Twice as fast as Total Spending
2019 U.S. Pet Spending by Racial/Ethnic Groups
/0 Comments/in Pet Market /by John Gibbons2019 was a bad year for lower income minorities, Hispanics and especially African Americans.