Pet industry statistics 2023 worldwide.

Pet industry statistics 2023 worldwide (Bloomberg Intelligence) It may be no surprise how much the global pet market is worth. The rising trend of pet humanization and increased consumer spending on pet care products and veterinary services are the major growth drivers. The United States plays a significant role in the global pet product market, acting as both a major importer and exporter. Here is some Pet Care Market Growth Data: Americans spent $147 billion on their pets in 2023. 67 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5. 37 billion in 2024 to USD 427. While some markets may lag, statistics indicate that economic downturns do little damage to the industry as a whole. 21 billion. E-commerce pet food sales data powered by NielsenIQ Ecommerce Measurement. This success comes from the profits driven by pet food, toys, healthcare, and more. zpfyw idbq rxsuax owxed akywes vvcx pnonsi iswwpk uznrhh ovtkud nhjjg fqemdmg ohhyej hygmx ksbs