Did You Know?

The Growing Pet Industry is one you can Bank on.

In the past 10 years, pet spending has more than doubled and is expected to hit over 50 billion by the end of the decade.

• Pet industry now the 7th largest retail segment in the U.S.
• 88 million Cats in the U.S.
• 74 million Dogs in the U.S.
• 94% take their pet to a vet for regular checkups and more pet owners are taking pets to a board-certified veterinary specialist for advanced care.
• Dog owners spend an average of $453 a year on surgical veterinarian visits.
• The amount spent on pet food, accessories, veterinarian care, OTC medications, gifts and maintenance in the United State is more than the gross domestic product of all but 64 countries in the world!

Sources: American Pet Products Manufacturers Association Pet Owners Survey 2007-2008; U.S. Census Bureau; American Animal Hospital Association Survey 2004.

Pet ownership in America is stronger than ever before, with 63% of all US households owning a pet, that’s 71.1 million homes!

A multifaceted interaction of demographics, socioeconomic and psychological factors have all contributed to the climbing pet population.

• An explosive rise in pet accessories and pet luxuries
• An increase in services (grooming, pet-sitting, hotels, training, etc)
• Advances in veterinary care & medications/treatments causing pets to live longer
• A vast increase in the use of flea & tick prevention products & products that control odors
• Our senior population expanding and their need for companionship or safety
• Young professionals delaying having families in favor of careers, turn to pets to fill the void at home
• Increased awareness of the benefits to humans of owning a pet