Pet Industry Statistics And Trends 2022

Households own a pet which equates to 905 millions homes. Analysis of upstream raw materials downstream demand and current market dynamics is also carried out. The global pet food market is driven by factors such as rising trend of nuclear families rapid humanization of pets and increased awareness about pet health. For 2020 it is expected to reach 99 billion.

Global Pet Care Market 2018 2022 Popularity Of Pet Fashion Among Pet Owners To Boost Growth Technavio Business Wire

Expected to reach over 46 billion US.

Pet Industry Statistics And Trends 2022. In 2020 the pet industry in America was worth 99 billion which is a notable increase from the 957 billion it was worth the year prior. The revenue of the pet industry increased by over 4 between 2015 and 2016. The US Pet Industry Moved 99 Billion in 2020.

Globally the pet industry is worth 232 billion. Dollars by 2022pet food sales have been rising steadily in the last decade with products targeted towards cats being the highest-grossing segment. The Indian pet food market is projected to register a CAGR of 137 during the forecast period 2021-2026.

In fiscal year 2022 the pet-related retail market in Japan was forecasted to reach 17 trillion Japanese yen an increase from around 157 trillion yen in fiscal 2019. In May 2019 there were 16 530 animal trainers employed with a mean annual wage of 36240. According to the 2021-2022 APPA National Pet Owners Survey 70 of US.

Pet Care Market Size Research Trends Industry Report 2018 2025