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Pet inflation: How Canadians feel about rising costs To keep pet items affordable, 1 in 3 Canadian pet owners (34%) admits to reducing their personal spending Nearly 2 out of 10 (19%) cut back on groceries to further provide for their pets, while 21% changed their pets’ diets due to inflation in the category
Paw Power: How pets are becoming a serious business in India India's pet care industry is growing at a CAGR of 16 5%, according to Decipher Market Research Agency, with the market size expected to reach $1,932 6m by 2030 The fastest growing pet care sectors are pet food, pet accessories, grooming, and healthcare, with increased spending leading to higher investor appetite Premium pet products - such as organic food, luxury accessories, personalised
Americans spent a record $56 billion on pets last year Other spending included $14 37 billion for veterinary care; $13 14 billion for supplies and over-the-counter medicines; $2 23 billion for live animal purchases; and $4 41 billion for other services
Chinas pet economy thrives with rise of responsible . . . According to an industry report, the number of pet dogs in China reached 51 75 million in 2023, while pet cats numbered 69 8 million The urban pet (dogs and cats) consumption market grew to 279 3 billion yuan in 2023, up 3 2 percent from 2022, and is projected to climb to 361 3 billion yuan by 2026
Pawsome Growth: The Booming Pet Industry in the U. S - Stax New Data Shows Surge in Pet Ownership and Spending in 2020, American Pet Products Association, 2021 ; Leading pet food companies in North America in 2018, based on revenue, Statista, 2019 ; Pet Stores in the US - Market Research Report, IBISWorld, 2021 ; PetSmart Deal to Go Public Could Trigger Dog-Eat-Dog Competition, Forbes, 2022
3 Key Takeaways from the 2025 Pet Food Production and . . . The pet food sector reported 51 7 billion in sales in 2024, with 9 8 million tons of pet food produced using 600+ safe, nutritious ingredients, according to the new report, which provides a deep dive into the ingredients that make up the diets of dogs and cats in the U S and offers in-depth economic impact data