Pet Industry Statistics 2023: Facts & Trends on the $261 Billion Pet Market


Pets are part of the family. They are wellness companions, protectors, or best friends, and sometimes all three. People are spending more money on their pets, and this is reflected in the growing pet industry. While this is likely a good thing for our pets, those spending patterns are also good news for people who own businesses catering to the pet industry because the market size is expected to increase substantially over the coming years.

The increasing pet spending trends are not limited to food and treats; the growing number of pet industry trends has branched out to pet health and wellness, grooming, and accessories. Let’s take a detailed look at some of the major pet industry statistics. Read the full article here...

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