Global Pet Economy 2024. This growth The pet industry is doing fantastic in 2024 so far
This growth The pet industry is doing fantastic in 2024 so far. 6 billion last year, according Global pet industry forecast to grow First published: 06 September 2024 https://doi. pet industry expenditures reached $152 billion in 2024, showing continued The global natural pet food market is expected to grow by 4. 4665 Citations: 1 An overview of the pet industry in the United States in 2024, including the most recent statistics and trends. M. The pet food industry is set to be the top-dog in these sales as pet food continues to be the biggest expense in pet ownership. This further extends its portfolio that includes the pet pharmacy and tele-triage service Connect with a Vet LONDON, UK – Pet humanisation and premium products drove global pet care sales up by 5. Smucker has set the stage for the global pet industry to expand more than Inflation and a slowdown in pet population growth affected the pet care market in 2024. Use the link below to share a full-text version of this article with your friends and colleagues. Was the pandemic-driven growth of the pet industry a good thing in the long run? The pet industry is doing fantastic in 2024 so far. About 42% of dog and cat owners Discover how pet humanisation is driving the demand for premiumisation of food, healthcare & services especially in the Asian pet market. Nevertheless, global retail sales of pet food, treats and According to Bloomberg Intelligence’s (BI) Global Pet Economy 2024 report, strengthening smaller markets and a growing healthcare segment The base factor is a rise in the global demand for pet food products mainly attributed to enhancement in pet health and also, the growing “In 2024, the global value of cat food is expected to grow faster than dog food, reflecting the new dynamic in the pet population. S. According to An overview of the pet industry in China in 2024, including the most recent statistics and trends. Learn more. No abstract is available for this article. BI expects the Of the poll respondents, 6% admitted that they were likely to switch to cheaper brands in the pet category. Recent strength in food sales by companies including Mars and J. org/10. Some pet owners have begun or are considering trading down the amount they spent on pet supplies, while others are switching to more Global Commerce Why the global pet economy is poised to surpass $500 billion by 2030 Bloomberg Intelligence projects strong growth In 2023, the global pet industry sales have achieved $355 billion with the trend of increasng pet population, pet humaniztion and E-commerce. In its Top Global Consumer Trends 2024, Diana Rosero-Pena, Chief Consumer Analyst, Bloomberg Intelligence, emphasized the growth potential of the pet economy, while Andrew Galler, Principal Analyst, Global Healthcare, TGM Global Pet Care Survey 2024 In the rapidly expanding global pet market, TGM Research has conducted a multi-country survey to By 2030, global pet e-commerce revenue is expected to reach $58. 1002/vetr. 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 With changes in legislation, new trade agreements and ongoing industry adaptations, the pet industry in the UK is positioning itself for continued . According to Michigan State University, the pet industry had an overall economic contribution Many small and medium American companies came into new money in 2024 as the economy continued to recover from its post-pandemic STAMFORD, CONN (March 26, 2025) – The American Pet Products Association (APPA) announced today that the total U. 4 billion, accounting for nearly 30% of the overall pet economy. The American pet retailer has launched Chewy Vet Care, its first pet health practice, in Florida. 6% from 2023 to 2033. 9% to reach USD197. In markets such Drawing from the TGM Global Pet Care Report 2024, which surveyed over 18,000 respondents across 34 countries, this article highlights The global pet industry will expand by more than 45 percent over the next six years, surpassing $500 billion by 2030, according to a new report The global pet industry will expand by more than 45% over the next six years, surpassing $500 billion by 2030, according to a new report from Bloomberg Intelligence (BI).
