Pet industry 2024.
Pet industry 2024 85% to reach USD 3. There are 13. Apr 21, 2025 · The global pet care market size was valued at USD 246. 27. First published: 7/14 September 2024. Based on data from 2018 to 2023, the pet industry is in a good spot—in fact, it's on an upward trajectory: Overall spending in the U. PETS INTERNATIONAL | FEBRUARY 2024 7 PET INDUSTRY HIGHLIGHTS No pet food tariffs under EU-NZ free trade agreement As per the new free trade agreement (FTA) between the European Union and New Zealand, all key products, including pet food, will be no longer subject to tariffs. Key players include: Mars Petcare: Expanded its premium pet food range, focusing on organic ingredients and tailored nutrition for different breeds and life stages. Seventy-seven percent of U. Half of that revenue will be made in the United States. UK Pet Feb 10, 2025 · Pet Industry Statistics estimate that the pet industry’s annual growth rate will be 5. It’s where you can connect with a diverse network of 10,000+ buyers actively seeking the newest products and services, inventory must-haves and game-changing partnerships with companies like yours. 6 billion, share: 98. 16%, while the maximum rate is estimated at 38. Dec 9, 2020 · Read on to discover more about the latest statistics and trends in the pet industry! Pet Industry Market Size. 32 million in 2025 and grow at a CAGR of 6. Pet care in Thailand continues to experience solid growth, albeit against a backdrop of inflationary pressures that is contributing to an ongoing increase in retail prices. When: Nov. Jul 24, 2024 · Recent estimates from Euromonitor International suggest that the Asia-Pacific (APAC) pet care market will reach $29 billion (€26. For the period 2023-2024 retail value sales are expected to grow 10%, while retail volume is expected to grow at 5%. Explore the 2024 Event Gallery – Revisit the glitz and glamour of the night with a stunning collection of images capturing the winners, sponsors, and guests. Mar 25, 2025 · The stores segment dominated the global pet care market in 2024. 45% during the forecast period. , Mars Incorporated and Nestle (Purina) are the major companies operating in the market. Dec 22, 2023 · As each of these trends played out over the course of the year, ADM is back with a new set of trends and expectations for the pet industry in 2024. 99% to reach USD 9. Mar 18, 2024 · Retail sales of pet food and treats — the “least discretionary” segment of the industry, according to Landry Brown — totaled $65. 66 billion in 2023 and is projected to grow from USD 259. Held annually in New York City, the show features hundreds of exhibitors showcasing the latest products and services for pets and their owner During the COVID -19 period, the pet industry will have undergone the greatest ownership transition the industry has ever witnessed as measured by deal volume • While the COVID -19 period is lacking for a marquee multi -billion dollar deal, the industry is on pace to close more than 100 deals in 2021, a 25%+ increase OCTOBER 2024 GLOBALPETINDUSTRY. Dec 12, 2024 · Sales of pet food worldwide 2010-2024. M. This event not only provided the perfect opportunity to network with customers, colleagues and business owners but also offered a platform on which to promote businesses to 1. Value Hackers Responding to high inflation and escalating costs, consumers are resorting to cost-cutting behaviors, attempting to “outsmart the system” by adopting more creative approaches to stretch Showcase Your Pet Business to Qualified Buyers. 0% for sales of dog and cat food (Can$6. 8%) between 2019 and 2024. Apr 10, 2024 · The pet industry is doing fantastic in 2024 so far. ), Mars Incorporated, Nestle (Purina), Schell & Kampeter Inc. 77 billion in 2025 and grow at a CAGR of 5. Despite economic fluctuations, 77% of U. Chapter Highlights Feb 9, 2024 · A recent survey from OnePoll, commissioned by consultancy firm KPMG, found that almost 6 out of 10 UK consumers plan to reduce non-essential spending in 2024. September 2024. China, which saw a 2. Consumer spending on pets has grown at a faster pace than spending on either human food, merchandise, or wellness—fueling sector growth and revenue, according to a Nielson IQ webinar. About 9% of them said they would spend less on pet products. Here are the latest numbers. Mar 27, 2025 · The U. The pandemic years of 2020 and 2021 were boom years for the U. Fresh data from market researcher Euromonitor International projects that the pet food segment will increase at a higher pace than the overall industry, with the market representing €140. The Thailand Pet Food Market is expected to reach USD 2. Pet food sales worldwide from 2010 to 2024 (in billion U. The pet market size is expected to reach EUR 104. 8B), has attracted major providers offering comprehensive coverage. The report Jan 17, 2024 · Below are some of the trends the pet industry has set out for 2024 and what you can expect to see more of as the year progresses. Globally, the pet insurance industry reached $9. Pet food Jan 8, 2025 · The pet industry has skyrocketed over the last few years, and some statistics about the market may surprise you. The 2024 Pet Industry Leadership Summit topped last year’s record-setting attendance numbers with nearly 300 attendees, including 46 new industry professionals from 39 new companies who joined us for the first time. 7%, respectively. Nov 22, 2024 · According to Bloomberg Intelligence’s (BI) Global Pet Economy 2024 report, strengthening smaller markets and a growing healthcare segment may increase the global pet economy by 5-6% to over $380 billion (€352B) in 2025. STAMFORD, Conn. While its recession-resistant nature has again been evidenced by the industry’s performance during COVID-19, the drivers of growth continue to evolve […] Mar 24, 2023 · From 2024 onwards, as the British economy and unit prices are likely to stabilize, the pet care market – including humanization and therefore premiumization – is expected to continue growing, although at a slower pace. Jan 7, 2025 · Pet Industry Trends in Health, Grooming, and Wellness. 8 billion in sales (a 2. 26% between 2024 and 2029. Sales of pet food worldwide 2010-2024. 23-25, 2025; Where: Tucson, Arizona; Petcare Innovation USA. Mar 22, 2024 · STAMFORD, CONN (March 22, 2024) – The American Pet Products Association (APPA) announced yesterday that the total U. The United States Pet Market is expected to reach USD 84. Pet Services Industry Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030) The Global Pet Service Market Report is Segmented by Pet Type (Dog, Cat, and Other Animals), Service Type (Grooming, Pet Transportation, Pet Boarding, Pet Sitting, Pet Walking, and Other Service Types), and Geography (North America, Europe, Asia-Pacific, South America, and Africa). Para este 2025 traemos una noche aún mejor en el marco de este gran evento. The announcement came during Global Pet Expo, the pet industry’s premier event, co-produced by APPA Mar 1, 2023 · Con estas proyecciones, se espera que el mercado alcance más de 5,7 billones de pesos en ventas en 2023 y más de 6,1 billones de pesos en 2024. Furthermore, in the current year, most of the revenue is expected to be generated from the United States of America, which will contribute US$59,740 million. Goyang, South 3. 3 billion yuan (around $39 billion), and it is expected to reach 361. 5 billion (compared to €4 billion in 2022) with cat food making up the largest share, at €2. 4B) this year, an annual improvement of 3%. 5 million pet owners in Dubai. Pet food sales worldwide from 2010 to 2024 (in Apr 30, 2025 · Your portal to the global pet industry Although the total number of pets remains steady at 65 million, ownership trends have shifted between 2021 and 2024. May 2024 The Canadian Pet Market Survey, 3rd Edition provides a comprehensive analysis of the Canadian pet industry, drawing on a bilingual survey conducted in June 2024, involving 1,000 Canadian pet owners who had purchased pet products in the preceding 12 months. When: January 13-15, 2025 Jan 24, 2025 · Explore our curated list of 50+ pet industry events that cater to a diverse range of pet professionals. Klippo. 7 – 8, 2024 Where: Javits Center, New York City, NY The New York Vet Show is one of the top pet industry trade shows in North America. If industry predictions remain true, sales in the pet care market will top $250 billion by 2030, according to the American Pet Products Association (APPA). Ownership levels are expected to dip slightly in 2028, with an anticipated 68% of households set to own a pet, 50% of which will own dogs and 36% will own Mar 4, 2025 · These pet trade shows and conferences are a hotbed for learning about advancements in the business side of the pet industry. $157 billion in sales is projected for 2025. 02B) in retail sales by 2025, with an annual increase of 7. The pet health insurance market, now worth over $4 billion (€4. Value of the pet food industry in Thailand from 2019 to 2023 with a forecast for 2024 (in billion Thai baht) Mar 21, 2025 · An overview of the pet industry in China in 2024, including the most recent statistics and trends. Canada’s expanding pet demographics In 2024, the pet population in Canada showcases the country’s enduring love for animals and the number of pets in the country is expected to exceed 28. Predictions show that the pet grooming industry will increase to $14. With trends like premium nutrition, quick-commerce solutions, and culturally aligned offerings, 2025 is poised to further elevate the lives of pets and their human companions. ; 57% of UK households keep pets. Pet Supplies Industry Report . Clear View Poncho Raincoat. 166,000 Americans work in over 17,480 pet stores nationwide. 9 households owning pets, making for a total pet expenditure of $147 billion. A difficult post-pandemic economy has made companies more careful about acquiring new brands, and a strongly antitrust Biden administration has not been friendly to the growth of megacorporations, including in the pet space. In April 2024, Canada’s exports of dog and cat food accounted for up to $91. 2%) and at a CAGR of 8. 5 billion by 2025. 3 billion Apr 19, 2023 · The "U. In this article, you’ll discover all the most important details to better understand the Italian pet population, how big the pet industry actually is, and more. Inflation rates may stabilize in 2024, but pet owners will still look for the best quality at the best price. 3 billion in 2023, registering a compound annual growth rate (CAGR) of 23. From specialty food trends to packaging strategies, explore the full analysis of today's evolving pet marketplace. - Pet industry transaction volume peaked in 2021 at 162 transactions according to CapitalIQ, declining to just over 100 transactions in 2022 o When you factor out medical services transactions, this decline of ~ 37% increases to a decline of ~ 52% Dec 31, 2024 · Tech firms also got a boost in 2024. Value Hackers: Pet owners who seek the best deals Nov 1, 2024 · As 2024 draws to a close, the pet care industry continues to experience a great deal of fluctuation and change. 6B) in 2024. 5 billion in pet food exports in 2024 The Thai Office of Agricultural and Industrial Trade Promotion from the Department of International Trade Promotion (DITP) forecasts that the country’s pet food exports will represent $2. pet owners report that financial concerns have not impacted their pet ownership. A bigger pet population and continued humanization could push this up to over $500 billion (€463B) by 2030. 2024 Pet Owner Insights: Dog & Cat Segment. 67 Jan 29, 2025 · The pet industry in the Philippines is worth an estimated $100 million a year and this is expected to grow as the population moves away from its continued reliance on table and raw food, towards a Mar 24, 2025 · Mintel looks at how the latest pet ownership trends are impacting the pet care industry. is the nation’s largest pet store; its 2024 revenue will total over $6. Jul 12, 2024 · Spending growth in the pet industry could reach 7% annually by 2030, after below-average growth of 2. As per a report by the European Pet Food Industry Federation (FEDIAF), the pet population in Europe is expected to reach 352 million in 2024, with 166 million households (50%) owning at least one pet. 0 million, share: 1. pet market amounted to a staggering $147 billion in 2023. Sep 16, 2024 · Major pet brands. 5 million dogs and 12. Italy is one of the biggest pet markets in Europe. U. The global pet supplements market is projected to grow at a compound annual growth rate of 5. The APAC currently has the third-largest pet care market globally and is expected to retain this position over the next 5 years. 3 billion yuan in 2026, according to China's Pet Industry White Paper 2023-2024 (Consumption Report), which was released by Petdata. The Independent Innovation Awards program is the The United Kingdom Pet Food Market is expected to reach USD 7. The American Pet Products Association is the leading research provider of pet industry statistics, market size and insights for the pet product industry. Dec 14, 2023 · Forecasted pet ownership rates show continued success for the industry, as APPA anticipates that in 2024 69% of US households will own a pet, of which 52% will own dogs and 36% will own cats. Presented by the American Pet Products Association (APPA) and the Pet Industry Distributors Association (PIDA), the exhibit floor showcased 1,100+ companies, including 300 first-time exhibitors. 3 billion in 2025. NovoNutrients and Digestiva raised millions of Series A dollars to expand their alternative protein production. 2 million homes and 36 million pets. 7 billion growing at a CAGR of 10. Sin embargo, en los últimos dos reportes de proyecciones Pet Industry, las proyecciones se han ido reajustando o corrigiendo hacia abajo. 37 billion in 2024 to USD 427. 7% more than last year. When: December 2-4, 2025; Where: Los Angeles, California; The Pet Industry Leadership Summit . 17 November, 2024. 8M) in 2021. Nov 18, 2024 · Annual expenses on pet dogs in Japan in 2024, by type (in 1,000 Japanese yen) The most important key figures provide you with a compact summary of the topic of "Pet industry in Japan" and take Sep 1, 2022 · The number of companies in the Brazilian pet sector exceeded 285,000 in 2021. London led pet ownership Mar 26, 2025 · The pet industry shows continued growth and resiliency, with the total U. October 2024. , Mars Incorporated, Nestle (Purina) and Virbac are the major companies operating in the market. pet industry expenditure 1994-2024; Pet food processing market value in North America by region 2023; U. 8% for the next Sep 26, 2024 · Pet industry expenditure in the United States from 1994 to 2024 (in billion U. PETS International keeps track of all events in the global pet industry and showcases the most relevant pet events up to date. and is expected to grow 5. pet market sales by category 2018-2023 Mar 28, 2024 · Mid-priced pet food is the bulk category within pet food in Southeast Asia, accounting for 44% of total sales in 2023. Mar 13, 2025 · The industry is only expected to add just over 2% to its volume in 2024, however, potentially owing to a slowdown in pet purchases and adoptions since the end of Covid lockdowns. 4% increase from $147 billion in 2023. These industries rake in millions of dollars each year. In this article we will discuss the upcoming trends, where we highlight the market insights and how the pet product market is growing. This included 1,000+ product launches US Pet Market Size, Trends and Insights By Pet Type (Dog, Cat, Bird, Others), By Product Type (Food, Medicine, Others), By Sale Channel (Supermarket, Hypermarket, Specialty Store, Online Retail Stores), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 It’s a long-held tenet that the pet services and products sector is “recession proof,” immune to the laws of economic gravity. Smucker Company, Mars Inc and WellPet are the major companies operating in this market. Jun 26, 2024 · This is not different in the Chinese market. As this universe of pet products grows and consumers become more educated, brands are in need of ways to stand out in the market. However, challenges remain, such as a shortage of veterinarians. 2B) by the Jan 31, 2025 · Pet insurance is growing, with 5. Meanwhile, the fastest-growing categories over 2018-2023 were premium pet food, and treats and mixers, both experiencing a 16% CAGR. 12. Aug 7, 2024 · Pet Trends 2024-2025 will be the most exciting and innovative years for the Pet Industry. Related articles February 3, 2025 PET INDUSTRY HIGHLIGHTS Thailand poised to hit $2. The pet grooming and boarding industry saw 3. In addition, the increase in the launch of pet care e-commerce websites across Europe significantly drives the European market. 02 Basic Information of Pet Owners and Pets (Dogs and Cats) 2024-03-25 15:31. 1 Rising pet ownership and the humanization of pets have resulted in increased consumer Dec 31, 2024 · The pet grooming and boarding industry is growing in Canada. Pet Product Store. The pet care industry is evolving with shifting consumer behavior, pet health focus, and pet humanization. Save the date INDUSTRY-LEADING RESEARCH. 2024. As the evolving Pet industry landscape continues to experience explosive growth among multiple industries and channels, the competition is becoming increasingly tight. The Clear View Poncho Raincoat from Klippo Pet (klippopet. 2%). 5 million cats in the UK. French pet industry imports and exports. Pet Industry M&A Update – Q1 2024 Dec 20, 2024 · At least that’s the case in the U. Apr 19, 2024 · Three consumer trends—Value Hackers, Delightful Distractions and Wellness Pragmatists—stand out as the most relevant for the pet care industry in 2024, primarily due to the impact of inflation, pet humanisation and health concerns. The German pet industry is one of Europe’s largest markets, generating €7 billion in 2023, a 9. Pages 191-191. This time around, the company expects technological advancements to be a harbinger for industry growth in the coming year. 57% with the lowest CPA showed by the automotive repair, services & parts at $21. Apr 28, 2025 · Pet insurance is one of the most interesting pet industry trends in 2024. Source: PitchBook Data, IBIS World, Pet Age Pet Industry M&A Update| Q2 2024 B2B Services Veterinary Care Services Pet Products Other Of the 85 Pet deals in Q2, 64 were in the Pet Products subsector, making it the most active subsector in the industry from an M&A standpoint. Under the guidance of the National Companion Animal (Pet) Standardization Technical Committee, the Pet Industry Branch of the China Animal Husbandry Association, and the Chinese Veterinary Association, "China's Pet Industry Trade White Paper 2023-2024 Pet care industry size was worth USD 304. The number of Koreans who own pets has continued to increase. Get the latest pet owner research insights for the two biggest segments of the pet industry: cat and dog owners. In 2024, retail sales of pet food in the Canadian markets totalled Can$6. pet stores will net a total of $28. Pet Market Synopsis. This is expected to save the industry €140 million ($157. Pet care in 2024: The big picture. Having nails trimmed will cost from $10 to $35. pet market sales by category 2018-2023 U. cn, a pet industry market observer. 7% from 2023. However, their search volumes remain significant at 22,200 and 18,100, respectively. Mar 24, 2023 · New York, March 24, 2023 — The pet industry is poised to swell from $320 billion today to almost $500 billion by 2030, according to a new report from Bloomberg Intelligence (BI). The growth is primarily driven by the pet food segment, which alone accounts for €4. Oct 15, 2024 · This article was published in Pet Food Processing’s 2024 Buyers Guide. 8% from 2022 and growing at a five-year CAGR of 10. Open rate across the pet care industry is Jun 10, 2024 · The American Pet Products Association (APPA) estimates that the total of pet industry spending in the US will reach $150. Some investors are still looking for young pet industry companies to write checks to. 26%. Pet Market Size Was Valued at USD 18. 3 million (€287M) in 2024 and is projected to reach $443 million (€400M) by 2029. 5 billion (€2. Jan 7, 2025 · 5. Stores frequently run promotional activities, discounts, loyalty programs, and in-store events to attract customers and encourage repeat purchases, driving sales and market share in the pet care industry. com) features a clear-view hood, safety reflective stripes on the back, a convenient D-ring for leash attachment, and a soft mesh interior lining. dollars) Premium Statistic Pet food industry growth rate in Europe 2010-2023 Mar 29, 2024 · Now,the"2023~2024 China Pet Industry White Paper (Consumption Report)" compiled and translated by Petdata is officially released to meet the needs of global pet industry professionals. 35 billion in 2023, up 11. , according to a new report, “Cascadia Capital Pet Industry Overview: Winter 2024,” covering the third and fourth quarters of the year. S. Mar 12, 2025 · Much of this rebound was driven by a strong resurgence in Asia, particularly China and Southeast Asia, where demand recovered significantly. Colgate-Palmolive Company (Hill's Pet Nutrition Inc. 2024-06-26T09:43:44+00:00. (Global Pet Industry) Finance Bill 2024, put forth by Pakistan’s Federal Board of Revenue in July 2024, will impose a Nov 22, 2024 · Pet Industry Statistics. Pet nutraceuticals and supplements are the fastest-growing product category. 6B) by the end of 2024, 4. Pet food sales for 2022 in Vet clinics, Farm & Feed, Direct-to-Consumer, and Costco were estimated using industry/financial reports and any available data for either of these channels. Feb 14, 2025 · The Indian pet food market is expected to be worth nearly $650 million in 2024. Rumor has it that Australia ranks amongst the most popular countries in the world, but how is the pet industry doing Down Under? Oct 10, 2024 · The pet industry exploded during the pandemic but after it ended, buyer’s remorse set in and the cost of owning a pet became more burdensome for many new pet owners. CUSTOMIZED PET NUTRITION The pet food market currently sits at USD $58. 09 billion by 2030. Apr 23, 2024 · In 2023, the size of the urban pet consumption market in China was 279. As times change, so do trends and consumer demands. Pet Industry’s Transaction Environment Reacts to COVID’s Effects on Growth Drivers What’s Now? The pet industry has enjoyed consistent and dynamic growth relative to both GDP and other consumer categories since the Great Recession. Pet food and treats, vet care and supplies sale, pet insurance companies, accessories, etc. Premium and local ingredients The pet food market in the Middle East is forecast to reach $4. 6 out of 10 are pet stores, veterinary practices and clinics, agrostores and food retail. The Philippines’ pet industry is growing rapidly, and pet ownership is rising. 09 Billion by 2032, Growing at a CAGR of 9 % From 2024-2032. 2 million households (60%) own one of the UK's 36 million pets. Pet products and services are among the fastest-growing industries in the United States. pet owners say the current economy has not affected their pet ownership. Why is the demand for pet care products rising? The pet grooming market is on a good path to become one of the most important pet industry trends in 2024. 7 million insured pets by the end of 2023, a 17% increase over 2022, according to the North American Pet Health Insurance Association’s (NAPHIA) 2024 Industry report. org Discover the latest pet industry insights from APPA with the 2025 State of the Industry Report, including ownership trends, pet-related purchasing behavior, and consumer sentiment information. The pet food market is worth AU$3. Apr 3, 2025 · According to the report, the US pet industry reached $152 billion in sales in 2024, a 3. (Diamond Pet Foods) and Virbac are the major companies operating in the market. Given the increase in per capita Nov 23, 2023 · The average CPA across the pet care industry is 14. Oct 31, 2023 · According to industry players, the steady rise in pet parents opting for manufactured pet food directly links to increased product accessibility, education about pet nutrition and pet humanization. 22 billion in 2025 and grow at a CAGR of 10. Experts predict the CAGR 2024–2029 of the pet food market will average 12. [2] Apr 15, 2024 · A 2024 overview of what the pet industry in Italy looks like, with the latest data and trends. 8% and 13. 1 billion of that amount. Overview of China's pet market Pet Population Data. Surveys show that a majority of owners consider their pets members of their family, and this societal shift in perspective is expanding across major pet-owning markets. 6 1 3 4 Pet Industry White Paper 2024 2 China’s pet industrial media Chong Ye Jia May 15, 2024 · In 2022, French pet food manufacturers invested €180 million ($193M) in improving their products and production facility technology, an increase from €164 million ($175. 9% from 2024 to 2030. Dogs and cats are now considered part of the family, leading to a surge in luxury pet products, tech gadgets and even pet hotels. ; The number of pets in the UK rose 9% between 2022 and 2023 Feb 12, 2025 · An overview of the pet industry in the Philippines in 2024, including the most recent statistics and trends. Since 2020, the pet industry in the country has registered an annual growth rate of 22%. Mordor Intelligence reports that the Malaysian pet food industry was valued at $317. Dec 19, 2023 · Pet Food Market; Market Trends and Reports; Report: Pet industry 'will be choppy' in 2024. Dec 4, 2024 · Canada’s latest statistics and trends highlight a growing pet population, booming pet industry, and shifting towards premium products and services. 06% to reach USD 108. Powered by evolving perceptions of pet ownership across the globe, the pet care industry is poised for continued growth in 2024. This report provides more than 200 pages of charts and analysis on shopping trends, sentiment, demographics, and more. progressive UK Pet Food industry. 2 billion ($207. Searches for Mars’ Royal Canin and pet supplies store Pet Planet show the highest interest decline of -24% each. The increase of pet owners in recent years was mainly driven by three generational segments, those born post-00s, post-1990s and post-1980s. UK pet ownership and attitudes in 2024. As more people relate Now,the"2023~2024 China Pet Industry White Paper (Consumption Report)" compiled and translated by Petdata is officially released to meet the needs of global pet industry professionals. ), FARMINA PET FOODS, General Mills Inc. 79 billion in 2024, and this figure is Aug 9, 2024 · China’s pet industry, like that of many other Asian nations, has exploded recently, fueled by increased affluence and a declining birth rate. 15. The report covers a wide range of pet market dynamics, including pet owner spending and Sep 30, 2024 · Active Acquirers in the Pet Sector Include Consumer Packaged Goods and Animal Health Companies as Spending Climbs. pet industry continues to grow, with total expenditures reaching $152 billion in 2024. 2% increase from 2023) and representing 43. Pet Supplies Live Animals & OTC Medicine: Pet Supplies and OTC Meds are based on data provided by Nielsen Scan, Rakutan Intelligence and Packaged Facts. Nov 27, 2023 · Value Hackers, Delightful Distractions and Wellness Pragmatists are among the global consumer trends shaping the Pet Care market in 2024. Cascadia Capital releases its Pet Industry Overview suggesting consumer sentiment sinking and industry profits under pressure may make for a challenging 2024. Sep 26, 2024 · Growth of the local industry. 2 billion ($152. Oct 25, 2024 · Discover key 2024 pet industry trends: $83B+ market insights, omnichannel growth, and Gen Z's impact on pet care. Discover what’s happening in the pet industry. Whether you're a passionate pet groomer, a visionary entrepreneur in the pet tech space, a dedicated veterinarian, or a retail aficionado specializing in pet products, there's an event tailored just for you. 9% in 2025. From the rise of pet influencers driving consumer choices to the increasing demand for sustainable and traceable products, discover how eco-consciousness and dietary preferences are transforming the market. Searches for "pet insurance" are growing slowly but steadily at 100% over the last 10 years. 3. 2% from 2012 to 2023. According to iResearch, the total pet industry in China was valued at EUR 36. IPSA Flow Business Conference. Contents: How Do Pet Owners Spend Their Money? Oct 20, 2023 · What trends will define the pet care industry in 2024? There are a number of compelling trends pet businesses should be tracking going into 2024, including CBD supplements, personalized nutrition, pet tracking technology, sustainable toys, and pet probiotics. In the United States alone between 2023 and 2024 there was an estimate of 86. “Pet food posted double-digit growth [for] three years running from 2020 to 2022,” Landry Brown said. This article draws insights from the TGM Global Pet Care Report 2024, based on 18,000+ respondents across 34 countries, offering guidance for brands to meet modern pet owners' needs. 2 percent of the post-1990s segment, 25. 87% to reach USD 474. Imported pet food to Pakistan may soon see a 50% regulatory tax. COM TRENDS REPORT | FOOD & INGREDIENTS | BALTICS, BELGIUM & THE NETHERLANDS THE GO-TO PUBLICATION FOR PET INDUSTRY PROFESSIONALS SINCE 1988 OCT 2024 FOOD & INGREDIENTS Dog nutrition, insects & cultivated meat BALTICS, BELGIUM & THE NETHERLANDS Regional reports & retailer interviews TRENDS REPORT PET TREATS FACING Pet food retail sales Canada. Live Dec 25, 2023 · The ups and downs of 2023 have come to the end. According to Michigan State University, the pet industry had an overall economic contribution in 2023 of $303 billion, an increase of 16% See full list on worldanimalfoundation. In China, pet ownership is booming. 3% of total pet sales. Related; Information; Close Figure Viewer. pet industry expenditures reached $147 billion in 2023 and is forecasted to have solid year-over-year growth through 2030. Industry projections indicate spending will rise to $157 billion in 2025. 1. 4 billion in 2022 and is expected to grow at a compound annual growth rate of 17. The CPA In Google & Microsoft Ads for the pet care industry is 23. Retention Marketing in the Pet Care Industry. In 2024, 60% of British households owned non-aquatic pets, totaling 17. 75 billion by 2032, exhibiting a CAGR of 6. Through it all, the honorees that appear in this section have made a significant impact on the pet market, so much so that Pet Age is Apr 16, 2024 · On March 20-22, 2024, pet industry professionals from across the globe gathered at the Orange County Convention Center in Orlando, Florida, for the Global Pet Expo. Top-performing companies, however, are still being sold for high prices, according to the latest Cascadia Capital Pet Industry Overview. New York Vet Show . 0. Petsmart, Inc. 48 billion (€4. 5% decline in U. 4M) Jan 23, 2025 · As the pet industry expands in the country, Australian pet owners are likely to see several companies enter every year. November 2024. 04% through 2030. 50 billion by 2030. Jan 6, 2025 · The pet industry is growing in South Korea. 5% increase from 2022. 8 billion in 2024, up 0. pet market sales by category 2018-2023; The most important statistics. 5% projected in 2024 and 3. The rest are breeders (37. 7% growth between 2015 and 2020. Read it and other articles from this issue in the digital edition of the Buyers Guide here. When: Sept. for a market growth rate of 3. Statistics for the 2025 Pet Supplies market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Oct 29, 2024 · The pet retail industry is thriving, driven by shifting consumer habits and innovative technologies — and understanding emerging pet retail industry trends gives businesses a competitive edge in meeting the demands of today's pet-loving consumers. Jan 17, 2024 · The Global Pet industry is shifting toward being a hugely competitive market. (Statista 2) Pet food makes up the largest share of the pet care industry with an estimated total value of $650 Este 2024, por primera vez en la historia, la alfombra roja se extendió en el marco de Expopet de Corferias. 4 billion in 2023 and is projected to expand at 6. 72 billion by 2030. State of the Pet Industry: Key Statistics. 47 million by 2030. Nestle SA (Purina), Colgate Pamolive (Hill’s Pet Nutrition), The J. pet industry, with sales up 9. Discover the latest trends, innovations, and insights that are shaping the future of Pet Industry - La comunidad de empresarios, gerentes y profesionales de la industria de mascotas Mar 22, 2024 · For more information, be sure to read the report US Pet Market Outlook, 2024-2025 from Packaged Facts, which analyzes current and projects future retail sales and trends across the US pet industry. 8%) and around 180 legally established pet food industries (0. 57% annually. 如需了解中文版报告信息，请戳：《2023-2024年中国宠物行业白皮书（消费报告）》。 Apr 18, 2024 · The global pet care industry is forecasted to represent €191. Pet Supplies analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Premios Pet Industry 2025: La Noche que Une a Colombia se consolida Apr 26, 2024 · A 2024 overview of what the pet industry in Australia looks like, with the latest data and trends. 42 billion in the U. Sep 6, 2024 · Global pet industry forecast to grow. 8% CAGR from 2024 to 2032 due to the increasing rate of pet humanization across the globe. Dec 1, 2024 · And the 2024 Industry Recognition Award winners are … DOG APPAREL. However, the industry was hit hard by the pandemic. Get the must-read stories and insights in your inbox. 6 billion in 2024, with veterinary care and products accounting for $39. Pet Market Outlook, 2023-2024" report has been added to ResearchAndMarkets. 84 billion in 2025 and grow at a CAGR of 2. 如需了解中文版报告信息，请戳： 《2023-2024年中国宠物行业白皮书（消费报告）》 。 Sep 1, 2023 · Everything from pet food to services such as grooming, pet daycare, pet gyms, boarding, training and pet- friendly accommodation is seeing a rise in demand. To get started, here are some statistics to sum up the current state of the pet industry. The Pet industry consists of many significant branches. Stay ahead of the curve by delving into the realm of plant-based diets for pets and the Jan 13, 2025 · The 15 Pet Industry Statistics in the UK. A pet is an animal that is tamed and maintained for companionship and recreation more often as a source of amusement or playthings. . pet industry expenditures reaching $152 billion in 2024. 5 Mar 8, 2024 · Explore the dynamic shifts and emerging trends shaping the pet industry in 2024 and beyond. Get a sample of this industry analysis as a free report PDF download. 1 Furry family Mar 22, 2024 · The American Pet Products Association (APPA) releases its annual pet industry expenditures in its new Strategic Insights Report for 2024. The Pet Industry Awards Ceremony took place on 22nd November at the exquisite Royal Majlis at Emirates Golf Club Dubai. Oct 1, 2024 · Pet food market value Thailand 2019-2024. In 2024, it is estimated that 17. 00 Billion in 2023, and is Projected to Reach USD 39. ), General Mills Inc. But just how big is the pet industry? And what does the future hold for the space? In this article, we’ll cover over 75 new statistics about the pet industry. Dec 18, 2024 · In the pet industry, the pace of acquisition activity continued to slow in 2024 due to a combination of industry environment and acquirers being more diligent and purposeful than ever. The French pet industry is, for the most part, self-sufficient: 80% of pet food sold in France is also made in the country. In addition, Packaged Facts has published a variety of other pet industry market research reports that may interest you including: Jan 9, 2025 · The research notes that pet industry M&A activity has been “muted” in 2024, continuing a drop-off that began in 2022. Romanian-based Lam’On got a boost as it began hinting at how its bioplastic could be used in pet food packaging. Economic Uncertainty Adds to Pet Industry Challenges in 2025. View the 2024 Winners – Discover the businesses and individuals who took home the prestigious awards and set new benchmarks for excellence in the pet industry. 4% from 2024-2032 The pet industry’s growth in 2024 was driven by innovation, consumer awareness, and a stronger bond between pets and their owners. 5 million, and imports Jul 1, 2024 · Germany’s pet industry size. Over 41. SUPERZOO is where business gets done. But 2023, and perhaps 2024, may be testing pet parent wallets. 2024 has been a transformative year for the pet market, with innovation in sustainable pet care, personalized pet nutrition, and smart pet technology shaping industry trends. Harringtons Pet Food, a brand owned by Inspired Pet Nutrition, has the lowest search volume of 390. Pet products and services. com's offering. , March 22, 2024 /PRNewswire/ -- The Mar 20, 2025 · The Pet industry is always evolving globally, and the case is the same in Canada. Europe, on the other hand, is having a moment: Of the pet food-related M&As in 2024 listed by my colleague Lisa Cleaver, more than 60% involved a company based in Europe. Pet ownership from 2020 has increased by over 50% in European countries such as the United Kingdom, Germany and France. Pet food and treats remain top dog in terms of sales, reaching $65. pet food imports in 2023, bounced back with an impressive 15% increase in 2024, totaling $296 million—reaffirming its role as a critical market. The cost of grooming depends on the breed and size of your pet and can cost between $50 and $250. Mar 4, 2025 · Learn about pet growth, industry declines, most popular pets, and more with these interesting statistics. Feb 5, 2025 · With changes in legislation, new trade agreements and ongoing industry adaptations, the pet industry in the UK is positioning itself for continued growth and innovation. The policies of the new Trump administration have cast a cloud of uncertainty over the US economy that makes navigating the pet industry waters – already uncertain due to high prices and stagnant pet population growth – all the more challenging in 2025. People love their furry buddies, and they want what’s best for them. 5% since 2018. Mar 13, 2024 · Millennials became the largest pet-owning demographic, shaking up the industry with new preferences and demands. Previous Figure Next Figure The Malaysia Pet Food Market is expected to reach USD 340. 77% in the next four years, indicating no slowdown in sight. 1% for sales of other pet food (Can$122. dollars) Premium Statistic U. Welcome to our pet world. mkxm omt hpetb bnpj lylqyp lnlqp gfz xst lzjxte qhos iwpf civs eys seoh ztpuysdn