Tuesday, March 18, 2014

Americans spend more on pets than ever

The American Pet Products Association has kept record of our spending on pets since 1996, and ever since the industry has seen a steady growth of 4 to 6 percent per year. 

In 2013, Americans spent $55.7 billion on their pets, and this year, the number is expected to rise to $60 billion. If the trend stays as strong as during the past 18 years, we will see some 92 million American pet owners by 2018, who will spend at least $70 billion on pets, pet care, and pet products.

The biggest chunk of money in 2013 went to food. $21.6 billion fed our animal friends, and a large amount of this paid for healthier and more expensive food than in previous years.

Other highlights include $14.4 billion for veterinary care and $13.1 billion for supplies and over-the-counter medicines.

~ Maria Sadowski ~

2 comments:

  1. Mom says her spending on us is way up...we think it is a good thing :)

    ReplyDelete
    Replies
    1. Same thing here, and the dogs think it's awesome. ;-)

      Delete