Pet Spending Statistics (23 Interesting Facts, Trends + Statistics)
If you own a pet, you know how easy it is to spend a lot of money unknowingly, so you might be looking for some interesting pet spending stats.
If so, keep reading below as I’ll tell you the 23 best pet spending stats I’ve found while researching this topic!
Pet consumption statistics in 2022
- Pet food sales up 18% in 2020
- 70% of American households own pets
- US will spend $123.6 billion on pets in 2021
- Global pet market worth $261 billion
- Pet Care Market Worth $2.6 Billion in 2019
- 42% of pet owners buy pet food online
- Americans will spend $44.1 billion on pet food and treats in 2021
- Global natural pet food value reaches $22.8 billion
- The average cost of a grooming is between $70 and $80
- Pet Supplement Sales Increase 116% from 2019 to 2020
Are you looking for a complete list of pet consumption statistics, or have other questions to answer? Well, keep reading and I’ll tell you more below!
1. Pet food sales will increase by 18% in 2020
An interesting pet spending statistic, possibly due to people trying to stock up on pet products in early 2020, has shown that pet food sales rose 18% in 2020, according to a study.
2. 70% of U.S. households own pets
An interesting statistic is that 70% of households in the United States own pets, of which 69 million have dogs and 45.3 million have cats.
3. Americans will spend $123.6 billion on pets in 2021
Americans will spend about $123.6 billion on pets in 2021, up from $103.6 billion in 2020.
Additionally, pet spending has continued to grow over the past few years, with Americans spending just $90.5 billion on pets in 2018.
4. The global pet market is worth over $261 billion
Globally, the pet market is worth over $261 billion, a staggering figure that shows how popular and loved pets are around the world!
5. The pet-sitting market was $2.6 billion in 2019
The pet sitting market has grown larger over time and is expected to grow significantly over several years from a value of $2.6 billion in 2019.
6. 42% of owners buy pet food online
An interesting pet consumption statistic is that more and more people are buying pet food online, with 42% of owners now buying pet food from online sources.
Also, with store shelves still empty and online resources plentiful, the numbers are expected to climb over the next few years.
7. Americans will spend $44.1 billion on pet food and treats in 2021
We love giving our pets treats, and between treats and pet food, Americans will spend a combined $44.1 billion on both products in 2021.
8. The global natural pet food market is worth $22.8 billion
Natural pet food is becoming more common, with a global market value of $22.8 billion, which is expected to continue to grow as more and more people turn to healthier pet foods.
9. Grooming costs an average of $70 to $80
Grooming is a thriving business, and the average cost of a grooming session is between $70 and $80.
Also, people take their animals to grooming salons at least once every two months!
10. 2019-2020 sales of pet health products increased by 116%
Pet health supplements are becoming a trend, and more and more people are spending money on pet health products, as evidenced by a 116% increase in sales between 2019 and 2020!
11. Sales of raw dog food increased 147% in 5 years
Sales of raw dog food have grown by 147% over the past five years, indicating that raw dog food is growing in popularity and that it is likely to continue.
12. The pet apparel market is worth $5.1 billion in 2020
Pet apparel is very common, especially for small dogs, and the pet apparel market was valued at $5.1 billion in 2020 and is likely to climb over the next few years.
13. Pet tech to grow 22% by 2027
While we all love technology and have been using it for ourselves, more and more people are getting into pet tech, and the industry is expected to grow by 22% by 2027.
14. Over $490 million spent on pet Halloween costumes
Not only do kids dress up for Halloween, people love to dress up their animals too, and the industry is getting bigger, with over $490 million spent on pet Halloween costumes!
15. The annual cost of owning a dog is between $1,500 and $9,000
Owning a dog can be expensive, and an interesting pet spending statistic is that if you choose to own a dog, you’ll spend between $1,500 and $9,000 a year.
16. People only spend $162 a year on cats
Cats are very low maintenance compared to dogs, so when you look at pet spending, it’s easy to see why people love cats, since on average you spend about $162 a year on cats.
17. Delaware pet owners spend $311.90 a month on pets
Did you know that people in Delaware spend the most money on pets of any other state, spending an average of $311.90 per month on pets?
18. Americans spend $2.14 billion a year on Valentine’s Day gifts for pets
Valentine’s Day is not just for people, more and more Americans are choosing to spend money on their pets on this special holiday.
For example, Americans spend about $2.14 billion on pets on Valentine’s Day, such as buying them special gifts each year.
19. 21% of pet owners have increased their pet spending during COVID
An interesting fact about pet spending is that 21% of pet owners have increased spending on pets during the COVID pandemic.
Also, this may be due to people being stuck at home and realizing that their pets need some time.
Also, people want more toys to play with their pets.
20. Dog owners spend more on items like beds, harnesses, toys, and more
Dog owners spend more on items like toys, beds, harnesses, treats, leashes, shampoo, crates and beds.
However, experts don’t know why spending on these specific programs has increased, and whether the trend will continue is unknown.
21. U.S. pet consumption doubles in 10 years
One trend in pet spending is that Americans have doubled their spending on pets over the past decade.
However, some of that comes from costs associated with pet ownership that have increased over the years, such as the increased cost of pet food and treats.
22. Only 2.1% of pets in the U.S. have insurance
Pet insurance can save you hundreds or thousands of dollars in veterinary care if your pet gets sick, but people don’t spend money on pet insurance for their pets.
For example, only 2.1% of pets in the U.S. are insured, meaning people spend more on veterinary care than they would otherwise.
23. One in 10 Americans put off having kids because of pet costs
An interesting pet consumption statistic is that people spend too much money on pets, causing them to delay or have more children.
For example, 1 in 10 Americans put off having children because of the cost of pets.
How much will people spend on pets in 2021?
In 2021, people will spend an estimated $123.6 billion on pets, an increase from previous years and will continue to grow in the coming years.
Where do pet owners spend the most money?
Pet owners spend the most on pet food and treats, increasing by about $2 billion from 2020 to $44 billion!
Additionally, veterinary care and related products will increase by about $2 billion in 2021 to $32.3 billion, making it one of the categories where people spend the most.
How much does the pet industry spend?
The pet industry is a huge market, with spending reaching $126 billion in 2021 and expected to climb further.
How much do millennials spend on pets?
Among all age groups, millennials spend the most on pets, spending an average of $173.67 per month on pets on a variety of pet care supplies and products.
By comparison, 25- to 34-year-olds spend about $141.50 a month on pets, while baby boomers come in last, spending just $80.43 a month on pets!
Is the pet industry growing or shrinking?
The pet industry is growing, and you can see this by looking at 2019, where spending was just $97.5 billion, growing to $99 billion in 2020, and $123.6 billion in 2021.
in conclusion
There are several exciting pet spending statistics, such as pet spending increasing from $97.5 billion in 2019 to over $123.6 billion in 2021.
Additionally, spending on pets in the U.S. has doubled over the past decade, with millennials spending the most on pets per month, averaging $173.67 per month.
Plus, Americans love spending money on Halloween costumes for their pets, a $490 million market!
