This statistic shows annual expenditure per consumer on pet products as percentage of their income in the United States, by generation. In 2023, U.S. Baby Boomers were the generation that spent higher share of their income on pet products than any other generation.

Pet care is one of UK’s many thriving industries where consistent growth is happening year-on-year. The most recent figures published by the Office for National Statistics revealed that expenditure on pets and related products reached an annual value of ***** billion British pounds in 2024, representing a *** percent increase from the beginning of the survey period in 2005. Dogs are UK households’ best friend The nation’s most popular pets in 2024 were dogs, with just under one-third of households owning a pet dog. Some ** percent of households owned a cat in the same year. Pet care With such affection towards pets also comes the need to care for them. Indeed, over the last decade, spending on veterinary services in the UK rose tremendously, particularly in 2022 when veterinary and other pet care related services reached over *** billion British pounds.

Graph and download economic data for Personal consumption expenditures: Pets, pet products, and related services (DPETRC1A027NBEA) from 1929 to 2023 about pets, PCE, consumption expenditures, consumption, personal, services, GDP, and USA.

Pet industry expenditure in the United States reached over *** billion U.S. dollars in 2024. It should be noted that the source used a new research methodology from 2018, therefore, direct comparisons to previous years should be avoided. The increase in the household penetration rate for pet-ownership in the U.S. could partly explain the rise in pet industry expenditure over the years. In 2023, some ** percent of American households owned one or more pets, in comparison to a ** percent pet-ownership rate in 1988. Which product categories are most lucrative? In 2022, ******** was the highest selling pet market product category with sales of around ** billion U.S. dollars. Vet care and supplies/OTC medicine ranked in second and third places, with sales of around **** and **** billion dollars respectively. Within the pet food segment, dry dog food is by far the highest selling product type, followed by dog treats and wet cat food.

When asked how much they spent on their pets in 2018, approximately ** percent of Italians said that they spent the same as in the previous years. One in four respondents declared that they spent more. Moreover, in 2018, only about ** percent of Italians spent less on their pets compared to the previous year.

This map shows the average amount spent per household on pets in the U.S. in 2022 in a multiscale map (by country, state, county, ZIP Code, tract, and block group).The pop-up is configured to include the following information for each geography level:Average annual spending per household on pets including the following:Pet foodPets/Pet Supplies/Medicine for petsPet servicesVet servicesThis map shows Esri's 2022 U.S. Consumer Spending Data in Census 2020 geographies. The map adds increasing level of detail as you zoom in, from state, to county, to ZIP Code, to tract, to block group data.Esri's 2022 U.S. Consumer Spending database details which products and services consumers buy, including total dollars spent, average amount spent per household, and a Spending Potential Index. Esri's Consumer Spending database identifies hundreds of items in more than 15 categories, including apparel, food and beverage, financial, entertainment and recreation, and household goods and services. See Consumer Spending database to view the methodology statement and complete variable list.Additional Esri Resources:Esri DemographicsU.S. 2022/2027 Esri Updated DemographicsEssential demographic vocabularyThis item is for visualization purposes only and cannot be exported or used in analysis.Permitted use of this data is covered in the DATA section of the Esri Master Agreement (E204CW) and these supplemental terms.

Graph and download economic data for Expenditures: Pets by Composition of Consumer Unit: One Parent, at Least One Child Under 18 (CXUPETSLB0609M) from 2010 to 2023 about parent, pets, consumer unit, expenditures, child, and USA.

Graph and download economic data for Expenditures: Pets: All Consumer Units (CXUPETSLB0101M) from 2010 to 2023 about pets, consumer unit, expenditures, and USA.

During November 2024, consumer spending intentions on pet food and supplies was expected to mostly stay the same over the next three months. ** percent of the U.S. consumers agreed that their expenditure would remain unchanged.

Pet Care Products Market size was valued at USD 235.41 Billion in 2023 and is projected to reach USD 384.42 Billion by 2031, growing at a CAGR of 5.6% during the forecasted period 2024 to 2031. Global Pet Care Products Market Drivers The market drivers for the Pet Care Products Market can be influenced by various factors. These may include:

• Rising Pet Ownership: Increased adoption of pets, particularly during and after the pandemic, has expanded the customer base for pet care products. • Humanization of Pets: Pet owners increasingly view their pets as family members, leading to higher spending on premium and specialized products.

Global Pet Care Products Market Restraints Several factors can act as restraints or challenges for the Pet Care Products Market. These may include:

• Economic Factors: Economic downturns can lead to reduced consumer spending on non-essential pet products. • Regulatory Challenges: Compliance with regulations regarding pet product safety and labeling can be complex and costly for manufacturers.

United States - Personal consumption expenditures: Pets, pet products, and related services was 183.05200 Bil. of $ in January of 2023, according to the United States Federal Reserve. Historically, United States - Personal consumption expenditures: Pets, pet products, and related services reached a record high of 183.05200 in January of 2023 and a record low of 0.09700 in January of 1932. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Personal consumption expenditures: Pets, pet products, and related services - last updated from the United States Federal Reserve on December of 2025.

The direct-to-consumer (DTC) pet food market is experiencing robust growth, driven by increasing pet ownership, rising consumer disposable incomes, and a growing preference for customized and high-quality pet nutrition. Consumers are increasingly seeking transparency and traceability in their pet's food, leading to a surge in demand for DTC brands that offer personalized diets and detailed ingredient information. This trend is further fueled by the convenience offered by online ordering and home delivery, especially appealing to busy pet owners. The market is segmented by various factors including pet type (dogs, cats, etc.), food type (dry, wet, raw, etc.), and dietary needs (e.g., allergies, weight management). Key players in the market are investing heavily in brand building, marketing, and supply chain optimization to cater to the increasing demand. While the market faces challenges such as higher pricing compared to traditional retail channels and potential supply chain disruptions, the long-term outlook remains positive due to the enduring consumer preference for premium and personalized pet products. Despite the relatively nascent nature of the DTC pet food sector, its CAGR is projected to remain strong in the coming years. This growth is largely driven by increasing consumer awareness of the benefits of tailored pet nutrition and the trust built with brands that focus on high-quality ingredients and transparent sourcing practices. Competition is intensifying as both established pet food companies and new entrants actively compete for market share. Successful companies will leverage advanced analytics to understand consumer preferences, personalize their offerings, and further enhance the customer experience through targeted marketing and strong customer service. Future growth will also depend on navigating the regulatory landscape and maintaining sustainable sourcing practices to address concerns around environmental impact and ingredient sustainability. The market exhibits regional variations, with North America and Europe currently leading the charge, but strong growth potential exists in other regions as pet ownership and consumer spending habits evolve.

The global meat-based pet food market is experiencing robust growth, driven by increasing pet ownership, rising consumer disposable incomes, and a growing preference for premium pet food products. This segment, a significant portion of the broader pet food market, is projected to maintain a strong Compound Annual Growth Rate (CAGR). While a precise CAGR isn't provided, considering the overall pet food market's typical growth and the premiumization trend within the pet food sector, a conservative estimate for the meat-based segment's CAGR for the forecast period (2025-2033) would be 5-7%. This signifies substantial market expansion. Let's assume, for illustrative purposes, that the 2025 market size is $50 billion. With a 6% CAGR, this translates to a projected market value exceeding $80 billion by 2033. This growth is fueled by several factors: a shift towards human-grade ingredients in pet food, increasing awareness of the nutritional benefits of meat-based diets for pets, and the proliferation of online pet food retailers providing convenient access to a wider selection of premium products. Furthermore, the market is segmented by type (cat food, dog food, others) and application (online, offline sales), with online sales experiencing faster growth due to increased e-commerce penetration and the convenience it offers to consumers. The market's geographical distribution reveals significant regional variations. North America and Europe currently hold the largest market shares, reflecting higher pet ownership rates and greater consumer spending on pet care. However, emerging markets in Asia-Pacific, particularly China and India, are exhibiting rapid growth due to rising pet ownership and increasing disposable incomes. This signifies an exciting opportunity for expansion for both established and emerging players within the industry. Major restraining factors include fluctuating raw material prices (particularly meat costs), increasing regulatory scrutiny related to pet food safety and labeling, and the potential for supply chain disruptions. Nevertheless, the overall trend strongly indicates a positive outlook for the meat-based pet food market over the next decade, with opportunities for substantial revenue growth and market share gains for companies effectively navigating these challenges.

The global pet care market, valued at $20.02 billion in 2022, is experiencing robust growth, projected to expand at a compound annual growth rate (CAGR) of 4.20% from 2025 to 2033. This sustained expansion is driven by several key factors. Increasing pet ownership globally, particularly in developing economies with rising disposable incomes, fuels demand for premium pet food, innovative treats, and advanced veterinary care. Furthermore, the humanization of pets—treating pets as family members—is a significant trend, leading consumers to invest more in high-quality products and services, including pet insurance, grooming, and specialized dietary needs. The market also witnesses the continuous innovation in pet food formulations, focusing on natural ingredients, functional benefits (like joint health or gut support), and tailored nutrition based on breed or life stage. Competitive intensity among established players like Mars Incorporated, Colgate-Palmolive, and Nestlé Purina, alongside the emergence of smaller, specialized brands focusing on niche segments, contributes to market dynamism. However, certain restraints influence market growth. Fluctuations in raw material prices, particularly those impacting pet food manufacturing, can impact profitability and pricing strategies. Economic downturns can also curb consumer spending on non-essential pet-related products. The regulatory landscape surrounding pet food safety and labeling varies across regions, creating complexities for manufacturers navigating international markets. Sustained growth will depend on successful navigation of these challenges, along with strategic focus on innovative product development catering to evolving consumer preferences and pet health concerns. Expanding into untapped markets and leveraging digital marketing channels to reach pet owners will also be crucial for continued success in this competitive and dynamic market. Recent developments include: November 2022: Mars Pet Care finalized an acquisition deal with Champion Pet Foods, a prominent global manufacturer specializing in premium pet food. This strategic move significantly bolsters Mars Pet Care's product range and amplifies its global market presence in the pet care industry., August 2022: Wiggles, an Indian pet care brand, expanded its offerings with the introduction of a new product line named Every Dawg. This line features gluten and sugar-free pet food tailored for dogs of all breeds, further diversifying Wiggles' pet food portfolio., December 2021: Unilever, a renowned global consumer goods company, marked its entry into the pet care market in Brazil with the launch of Cafune. This inaugural pet care brand encompasses a variety of products, such as pet shampoos, conditioners, wipes, kitty litter, training pads for dogs, and home disinfectants, aiming to meet diverse pet care needs in the Brazilian market.. Notable trends are: Pet Humanization Trend.

Pets Market Outlook

According to our latest research, the global pet care market size in 2024 stands at USD 249.7 billion, reflecting robust consumer demand and increasing pet ownership worldwide. The market is projected to grow at a CAGR of 5.8% from 2025 to 2033, reaching an estimated value of USD 440.1 billion by the end of the forecast period. This significant growth is primarily driven by the rising trend of pet humanization, increased spending on premium pet products, and expanding awareness about pet health and wellness.

One of the foremost growth factors propelling the pet care market is the rapid increase in pet ownership across both developed and emerging economies. Urbanization, changing lifestyles, and the growing perception of pets as family members have led to a surge in demand for high-quality pet food, grooming products, and healthcare services. As more individuals and families adopt pets, particularly in densely populated urban centers, there is a noticeable shift towards premiumization in pet care products. This trend is further fueled by the millennial and Gen Z demographics, who are more likely to spend on specialized pet food, organic treats, and technologically advanced accessories, thereby driving market expansion.

Another key contributor to market growth is the innovation and diversification of products and services within the pet care industry. Companies are increasingly investing in research and development to introduce novel offerings such as grain-free, organic, and functional pet foods, as well as smart accessories and digital health monitoring devices. The proliferation of e-commerce platforms has made these products more accessible to a wider audience, boosting sales through online channels. Furthermore, the integration of telehealth solutions and pet insurance services has enhanced the overall value proposition for pet owners, encouraging them to invest more in the comprehensive care of their animals.

Moreover, the rising focus on pet health and wellness is shaping consumer preferences and purchasing behaviors. There is a growing awareness regarding preventive healthcare, regular veterinary check-ups, and the importance of balanced nutrition for pets. This has led to increased demand for pharmaceuticals, supplements, and therapeutic diets, as well as services such as grooming, training, and boarding. The COVID-19 pandemic has also played a role in accelerating these trends, as more people turned to pets for companionship during lockdowns, resulting in heightened spending on pet care products and services. These factors collectively underscore the sustained momentum and positive outlook for the global pet care market.

Private Label Pet Products have emerged as a significant trend within the pet care industry, offering consumers a blend of quality and affordability. These products, often developed by retailers themselves, cater to the growing demand for cost-effective yet high-quality pet care solutions. As consumers become more discerning, private label offerings have expanded beyond basic pet food to include a wide array of items such as treats, grooming supplies, and accessories. This shift is driven by the increasing trust in retailer brands and the desire for unique products that meet specific pet needs. Retailers are leveraging their market insights to develop private label lines that resonate with pet owners, providing them with an attractive alternative to traditional branded products.

From a regional perspective, North America continues to dominate the global pet care market, accounting for the largest share in 2024, followed by Europe and Asia Pacific. The United States remains the single largest market, supported by high pet ownership rates and a mature retail infrastructure. However, the Asia Pacific region is emerging as the fastest-growing market, driven by rising disposable incomes, urbanization, and changing attitudes towards pet ownership in countries such as China, India, and Japan. Latin America and the Middle East & Africa are also witnessing steady growth, albeit from a lower base, as awareness and accessibility improve across these regions. This diverse regional landscape highlights the global appeal and resilience of the pet care industry.

The global pet milk market is experiencing robust growth, driven by increasing pet ownership, rising consumer awareness of pet health and nutrition, and a shift towards premium pet food products. The market's value is estimated to be around $2.5 billion in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of approximately 7% during the forecast period (2025-2033). This growth is fueled by several key factors, including the increasing humanization of pets, leading to greater spending on specialized pet foods and supplements, and the growing availability of innovative products with enhanced nutritional profiles tailored to specific pet breeds and life stages. Furthermore, the rising prevalence of pet allergies and sensitivities is boosting demand for hypoallergenic milk alternatives for pets. However, the market faces certain restraints, such as price sensitivity among certain consumer segments and potential challenges in maintaining consistent product quality and sourcing raw materials. Major players like Zeal Pet Food, Pet-Ag Inc., and DoggyMan H. A. Co., Ltd. are actively shaping the market through product innovation and expansion into new geographical regions. The market is segmented by product type (e.g., cow's milk-based, soy-based, goat's milk-based), pet type (dogs, cats, etc.), and distribution channel (online, offline retailers). Geographic segmentation reveals varying growth rates across regions, with North America and Europe currently dominating the market due to high pet ownership rates and strong consumer spending power. However, emerging markets in Asia-Pacific are expected to witness significant growth in the coming years owing to rising disposable incomes and increasing awareness about pet health and nutrition. The projected market size in 2033, based on the given CAGR, is approximately $4.5 billion, representing a substantial increase in market value over the forecast period.

This statistic presents consumer spending on pets and related products in the United Kingdom, quarterly from 1st quarter 2013 to 3rd quarter 2021. In the third quarter of 2021, households spent around **** billion British pounds on pets and pet products.

The global pet market is experiencing substantial growth, projected to expand from $14,483.8 million in 2021 to $38,551.3 million by 2033, at a strong CAGR of 8.5%. This expansion is primarily driven by the increasing humanization of pets, where owners treat their animal companions as family members, leading to higher spending on premium food, healthcare, and accessories. Rising disposable incomes, particularly in emerging economies, are enabling more households to own pets and afford higher-quality products and services. North America and Europe currently dominate the market, but the Asia-Pacific region is emerging as the fastest-growing market, showcasing significant potential. Key trends shaping the industry include a preference for natural and organic products, the rapid growth of e-commerce channels, and the integration of technology in pet care through smart devices and apps. The market's future will be defined by innovation in nutrition, sustainability, and personalized pet care solutions.

Key strategic insights from our comprehensive analysis reveal:

The Asia-Pacific region, with a CAGR of 9.31%, represents the most significant untapped growth frontier, driven by rising disposable incomes and a growing pet-owning culture in countries like China and India.
The humanization of pets trend is a primary global driver, fueling demand for premium, specialized, and health-oriented products, shifting consumer focus from basic needs to wellness and enrichment.
E-commerce and direct-to-consumer (D2C) channels are fundamentally reshaping the market's distribution landscape, making a robust digital strategy essential for brand visibility, customer engagement, and sales growth.

Global Market Overview & Dynamics of Pet Market Analysis

The global pet market is on a dynamic growth path, fueled by a deep-seated shift in how pets are viewed and cared for worldwide. This market encompasses a wide range of products, including food, healthcare, accessories, and grooming services. The trend of pet humanization is the central pillar supporting market expansion, leading to a surge in demand for premium and specialized products that mirror human consumption trends, such as organic foods and advanced healthcare. While developed regions like North America and Europe continue to hold the largest market shares, developing regions are catching up rapidly, driven by urbanization and changing lifestyles. The industry is also witnessing significant innovation, particularly in pet technology and sustainable product development, which are becoming key differentiators for market players.

Global Pet Market Drivers

Increasing Pet Ownership & Humanization: A growing number of households worldwide are adopting pets and treating them as integral family members, leading to increased willingness to spend on their well-being, health, and comfort.
Rising Disposable Income: Economic growth in emerging markets and stable economies in developed nations have increased household disposable income, allowing consumers to afford premium pet products and services.
Focus on Pet Health and Wellness: Greater awareness among pet owners about animal health has fueled demand for specialized diets, nutritional supplements, preventative veterinary care, and wellness products.

Global Pet Market Trends

Premiumization and Demand for Natural Products: Consumers are increasingly seeking high-quality, organic, and natural pet foods and products, free from artificial ingredients, mirroring trends in human nutrition.
Growth of E-commerce and Online Retail: The convenience of online shopping, subscription services, and a wider product selection has made e-commerce the fastest-growing distribution channel for pet products.
Integration of Technology in Pet Care: The adoption of Pet Tech,including GPS trackers, automated feeders, health monitoring devices, and pet-centric mobile applications, is gaining significant traction globally.

Global Pet Market Restraints

Stringent Regulations and Pet Food Safety Concerns: Strict regulations governing pet food ingredients, manufacturing, and labeling can increase compliance costs and pose challenges for market entry and product innovation.
High Cost of Premium Pet Care: The rising cost associated with premium foods, advanced veterinary treatments, and specialized services can be prohibitive for some consumers, limiting market penetration in certain segments.
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United States - Personal consumption expenditures: Pets, pet products, and related services (chain-type price index) was 127.00700 Index 2009=100 in January of 2023, according to the United States Federal Reserve. Historically, United States - Personal consumption expenditures: Pets, pet products, and related services (chain-type price index) reached a record high of 127.00700 in January of 2023 and a record low of 6.75700 in January of 1933. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Personal consumption expenditures: Pets, pet products, and related services (chain-type price index) - last updated from the United States Federal Reserve on November of 2025.

Total pet market sales have steadily increased in the U.S. over past years. Pet food and treats was the highest selling pet market product category in the United States in 2024. Approximately **** billion U.S. dollars of pet food and treats were sold in that year. The vet care and products segment brought in the third highest revenue, with sales amounting to around ** billion U.S. dollars in 2024. American consumer pet expenditure When surveyed, the majority of pet owners in the United States stated that they spend up to *** U.S. dollars on their pets per year. When it comes to affluent households, average annual expenditure on pets increases to ***** U.S. dollars. These costs generally include regular supplies such as food, toys and medical costs. American consumers are also spending in more unique ways; the total spend on gifts for pets for Valentine's Day in the U.S. reached around *** billion U.S. dollars in 2023.