Pet owners spend more money than any other category in the United States, and the average pet owner spends more than $10,000 a year.
If yes, read on to find out the 23 best pet spending statistics I have found while researching this topic!
Pet Spending Statistics In 2022
You’re looking for the complete list of pet spending statistics, or you have further questions you want answered. Well, keep reading, and I’ll tell you even more below!
A study showed that pet food sales increased a little in 2020, which is interesting, and could have been because people try to stock up on pet products during early 2020.
An interesting stat is how many households own a pet. Dogs are the most popular, with 69 million homes, but cats are the only type of household pet to outpace dogs with 45.3 million homes.
Pet spending is expected to keep going up to become a $200 billion industry by 2028.
Furthermore, the number of Americans spending on their pets has continued to increase over the last couple of years.
Although that number is high, it’s actually worth less when compared to the global market for pet food, which amounts to $71.8 billion.
The market for “pet sitting” is growing faster than ever before, and is expected to grow to $5.8 billion in 2019.
One interesting pet spending statistic is that more people are purchasing their pet food online. 42% of owners now buy the pet food from an online resource.
In order to combat the issue, the government decided that they needed to issue less visas to new immigrants to give them a better opportunity to meet their end of the agreement.
So far, the country has spent $8.7 billion on pet food, and we spent another $36.4 billion on training and treats for dogs and cats.
Natural pet food is a huge industry. It is a great alternative for those who want to feed their pet food that is not just healthy but good for them.
Grooming is a booming business and the average cost of one grooming session is between $70 and $80. The term grooming has been applied to the process of making animals look their best.
We take our pet to the groomer at least once every two months!
Dog supplements have also been growing steadily, and while many people are not buying these types of supplements, they are being sold.
In recent years, raw dog food sales have gone up many times, showing just how much demand there is for it. The trend of more people buying this food is only going to continue.
pet clothing are the most popular, especially for smaller dogs, and it is expected that the market will continue to grow over the next years.
Everyone loves technology like gadgets and smart devices. So, while everyone seems to love tech, more and more people are getting into pet technology. By the year 2027, it’s forecasted that the pet technology industry will grow by 22%.
People like to dress-up their pets every Halloween, and this industry is getting bigger every year with more than $490 million spent for pet costumes every year.
If you choose to own a dog it can be expensive and one interesting statistic is that you’ll spend from $1500 to $9000 per year if you choose to own a dog.
People love cats because they are very low maintenance compared to dogs; they need very little attention and can look after themselves very well.
I have found that the most popular dog breeds in Delaware are Shih Tzus, French Bulldogs and Pomeranians. In addition, a dog on average costs $0.65 per mile at a cost of $13,957.
More people are buying their pets this Valentine’s Day, so the pet industry is expecting more sales.
When it comes to pets, Americans spend about $2.14 billion on their pets for Valentine’s Day, such as buying them special presents every year.
A very interesting fact about pet spending during the COVID pandemic is that 21% of pet owners increased their spending on their pets.
Furthermore, this was likely due to the increased number of people affected by COVID-19 and the need to minimize social interactions.
Playthings, like toys, would get a lot of use as pets would interact with them.
Dogs get to play with other dogs, spend quality time with their owners, and receive attention through their owners, and other dog owners.
The experts have no idea why the amount of spending on these products has gone up, and they’re unsure if this trend will continue.
There has been a rise in the amount of households who are spending up to $2000 a year on their pets. According to the American Veterinary Medical Association the number of households who spend between $1000 and $2000 on their pets has increased by over 50%.
According to the ASPCA, the average lifespan of a dog will be 10 years or more, and that the most popular breeds of dogs are small to medium-sized breeds, such as the Chihuahua, Yorkshire Terrier, and Maltese.
People are not buying pet insurance because they do not have to pay for the cost of the care. This is the only reason for not buying pet insurance.
An illustration is made by comparing the percentage of animals being treated with what percentage would be needed to pay for the treatment in the absence of insurance.
People are spending so much money on their pets that they’re going to have to delay having kids, or even having more kids, by using a pet saving scheme.
While pet ownership may not have prevented people from having kids, one in ten Americans are putting off having kids because of the expense.
How Much Do People Spend On Pets 2021?
People are spending more than $100 billion on pets each year. It has been growing rapidly over the last few years and will continue to do so in the years to come.
What Do Pet Owners Spend The Most Money On?
The average U.S. household spends about $1,300 on food per month for its family. The number of Americans that shop at grocery stores had gone down by the amount of $15 billion. Grocery stores had less customers than ever before and the price of food went up. Grocery stores made up for that by giving customers more deals.
The biggest factor driving growth in veterinary care will probably be how the pet population in the U.S. continues to grow. There are currently about 77 million households with a pet and the number is growing rapidly. The number of pets per household also continues to grow.
How Much Money Is Spent On The Pet Industry?
The pet industry is a vast market. It is expected to grow even more, which means that the number of customers will be far more compared to 2017. There is a need for better services.
How Much Do Millennials Spend On Pets?
Millennial pet owners are the most likely to spend the most on their pets, with an average monthly spend of $173.67 on pet care items and products.
A study that was conducted by the Gallup Organization looked at American spending and found that people aged 25 to 34 are the big spenders on their pets and spending an average of $141.50 per month on this expense. Baby boomers are the only group that spends less on their pets.
Is The Pet Industry Growing Or Shrinking?
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Conclusion
pet spending will continue to grow, and is expected to reach $124 billion in 2021, thanks in part to the economy’s continuing recovery.
In general, America has been spending more on its pets than ever before. Many are choosing to add a furry friend to their family to provide companionship.
But Americans love spending money on Halloween costumes for their pets, with the market worth nearly $500 million!
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