WebApr 17, 2024 · Analysts have predicted “modest but continued steady growth” in the pet market – with a value of £7billion forecast for 2024-21. Glee Event Director, Matthew Mein, said: “The pet care sector is witnessing a trend for pet anthromorphism – consumers increasingly treating their pets as humans – and this is driving category growth. WebMar 30, 2024 · The 20 Pet Industry Statistics The global pet market today is worth roughly $261 billion. The U.S. pet care market was estimated at $79.3 billion in 2024. The U.S. pet …
Pet Care Market Size & Share Forecasts Report, 2024-2032
WebOct 19, 2024 · The result is that the pet industry is now one of the fastest growing industries in the world. In the United States alone, the pet industry is now worth an estimated $72 billion. This figure is expected to rise to $96 billion by 2025. The pet industry is growing at a rate of 5-6% per year, which is faster than the overall economy. WebThe global pet food market size was valued at USD 110.53 billion in 2024 and is projected to grow from USD 115.50 billion in 2024 to USD 163.70 billion by 2029, exhibiting a CAGR of 5.11% during the forecast period. The global impact of COVID-19 has been unprecedented and staggering, with pet foods witnessing higher-than-anticipated demand ... deseret news i was a little bit nervous
Pet market sales in the U.S. by category 2024 Statista
WebThe global pet care market size was USD 207.90 billion in 2024 and is projected to grow from USD 222.93 billion in 2024 to USD 325.74 billion in 2028 at a CAGR of 5.6% in the 2024-2028 period. The sudden fall in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over. WebMar 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... WebJun 11, 2024 · What is lacking in the pet industry? And what challenges do pet brands face? Globally, the pet care market has grown to $261 billion in 2024; up from $245 billion in … cht chapel hill