Global Pet Industry Trends & Statistics Infographic

Global Pet Industry Trends & Statistics Infographic

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The infographic you’ve uploaded appears to provide a comprehensive overview of the global pet industry, highlighting statistics and trends related to market size, pet ownership, spending, and related services. Here’s a summary of the key points presented:

• Market Size & Growth As of 2021, the global pet care market was valued at approximately $232 billion and was expected to grow at a Compound Annual Growth Rate (CAGR) of around 5% from 2021 to 2027.
• Pet Ownership In the U.S., 67% of households, or about 85 million families, own a pet, with dogs and cats being the most popular.
• Spending U.S. pet industry expenditure in 2020 was estimated to be $99 billion. Dog owners spend around $1,380 per year on their pet, while cat owners spend about $908.
• Pet Food & Products The global pet food market size was $87 billion in 2020. There’s a trend towards natural pet products, with over 70% of pet owners considering the ingredient list when purchasing pet food.
• Pet Services Pet grooming and boarding services generated over $8 billion in revenue in the U.S. in 2020. The pet insurance industry is growing, with 2.8 million pets insured in the U.S.
• Technology & Pets The pet tech industry, which includes items like smart collars, pet trackers, and pet cameras, was valued at over $5 billion in 2020.
• Adoption & Rescue Every year, approximately 6.5 million companion animals enter U.S. animal shelters. About 1.5 million shelter animals are euthanized annually.
• Exotic Pets It’s estimated that there are over 9 million reptiles kept as pets in the U.S.
• Pet Medications & Health The global animal health market was valued at approximately $35 billion in 2019, with flea and tick products accounting for over $2.5 billion in U.S. sales in 2020.