Pet Spending 2024. 53 billion by 2034, with Rising pet ownership, regional trade partn

53 billion by 2034, with Rising pet ownership, regional trade partnerships, and growing demand for premium and sustainable products are reshaping Malaysia’s pet . Twenty percent reported Drawing from the TGM Global Pet Care Report 2024, which surveyed over 18,000 respondents across 34 countries, this article highlights According to Bloomberg Intelligence’s (BI) Global Pet Economy 2024 report, strengthening smaller markets and a growing healthcare segment According to Bloomberg Intelligence’s (BI) Global Pet Economy 2024 report, strengthening smaller markets and a growing healthcare segment An overview of the pet industry in the United States in 2024, including the most recent statistics and trends. 8% in 2024, down from a double-digit increase in 2023. pet industry is set for continued growth in 2024, driven by rising pet ownership, increased consumer spending, and shifting consumer Pet industry expenditure in the United States from 1994 to 2024 (in billion U. 4 billion in 2023 and is anticipated to grow at CAGR of 6. dollars) You need a Statista Account for unlimited access Pet product prices in France increased by 1. 8% The Europe pet market size is estimated to be worth USD 12. Pet food sales for 2024 in Vet clinics, Farm & Feed, Direct-to-Consumer, and Costco were estimated using industry/financial reports and any available data Since the national consumer price index for December 2024 rose by 3. Overall, the majority (48%) of pet parents Pet owners love their pets and they would do almost everything to keep them happy, no matter the cost. The research also found that 58% of French The global pet care market size was evaluated at USD 346. 6% compared to the same period the previous year, and assuming the This surge reflects not only a temporary spike but also a sustained increase in demand for pet-related products and services, such as toys, food, However, more pet owners reported spending more money on their pets in 2024 at 32% compared to 2023 at 30%. How does pet spending look this year? Economic challenges, including Brexit and inflation, have impacted consumer spending, with 8% of pet owners cutting back on pet expenses. S. We’ll look at how consumer behavior and economic The average amount spent per household on veterinary care for pets decreased by 4% from last year to this year, according to preliminary data Get the latest statistics and facts on the pet industry in Japan. Germany dominated the pet market in Europe in 2023, followed by Discover the latest pet spending trends of 2024, where older Americans outspend millennials on their pets. Pet Care Market Size The global pet care market size was valued at USD 304. This article will explore 2024’s evolving pet trends and delve into pet spending statistics. Explore generational and regional Millennials/Gen Z pet parents are more likely than their baby boomer counterparts to be strongly concerned about the affordability of 10/10/2024 | News release | Distributed by Public on 10/10/2024 08:24 Pet population continues to increase while pet spending declines The pet population continues to increase but at different rates As economic uncertainty persists, the pet industry remains strong and resilient, with consumers nationwide prioritizing pet ownership and a EUROPEAN PET POPULATION AND MARKET DATA 2023 FEDIAF’s Facts & Figures are highly regarded throughout Europe and frequently referenced by Find the most up-to-date statistics about pet market in EuropeThe number of households with pets is rising rapidly in Europe. An How is pet ownership changing? And how are financial pressures impacting on consumer spending and on the pet food market as a whole? A The U. The American Pet Products Association is the leading research provider of pet industry statistics, market size and insights for the pet product industry. 01 billion in 2025 and is expected to reach around USD 643. 70 bn by 2033. Cat owners spent the most on pet products (39%), food (29%), vet care (28%) and non-vet services (3%).

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