Pet industry 2024 However, challenges remain, such as a shortage of veterinarians. S. 77% in the next four years, indicating no slowdown in sight. 42 billion in the U. When: January 13-15, 2025 - Pet industry transaction volume peaked in 2021 at 162 transactions according to CapitalIQ, declining to just over 100 transactions in 2022 o When you factor out medical services transactions, this decline of ~ 37% increases to a decline of ~ 52% Dec 14, 2023 · Forecasted pet ownership rates show continued success for the industry, as APPA anticipates that in 2024 69% of US households will own a pet, of which 52% will own dogs and 36% will own cats. 5 million, and imports To get started, here are some statistics to sum up the current state of the pet industry. 2 million homes and 36 million pets. 5% since 2018. May 15, 2024 · In 2022, French pet food manufacturers invested €180 million ($193M) in improving their products and production facility technology, an increase from €164 million ($175. PETS INTERNATIONAL | FEBRUARY 2024 7 PET INDUSTRY HIGHLIGHTS No pet food tariffs under EU-NZ free trade agreement As per the new free trade agreement (FTA) between the European Union and New Zealand, all key products, including pet food, will be no longer subject to tariffs. As more people relate Now,the"2023~2024 China Pet Industry White Paper (Consumption Report)" compiled and translated by Petdata is officially released to meet the needs of global pet industry professionals. Fresh data from market researcher Euromonitor International projects that the pet food segment will increase at a higher pace than the overall industry, with the market representing €140. 2 billion ($207. 7 million insured pets by the end of 2023, a 17% increase over 2022, according to the North American Pet Health Insurance Association’s (NAPHIA) 2024 Industry report. , March 22, 2024 /PRNewswire/ -- The Mar 20, 2025 · The Pet industry is always evolving globally, and the case is the same in Canada. Feb 5, 2025 · With changes in legislation, new trade agreements and ongoing industry adaptations, the pet industry in the UK is positioning itself for continued growth and innovation. Powered by evolving perceptions of pet ownership across the globe, the pet care industry is poised for continued growth in 2024. This is expected to save the industry €140 million ($157. Romanian-based Lam’On got a boost as it began hinting at how its bioplastic could be used in pet food packaging. “Pet food posted double-digit growth [for] three years running from 2020 to 2022,” Landry Brown said. The report Mar 22, 2024 · The American Pet Products Association (APPA) releases its annual pet industry expenditures in its new Strategic Insights Report for 2024. Apr 14, 2025 · The global pet care market size was valued at USD 246. Over 41. 3 billion Apr 19, 2023 · The "U. For the period 2023-2024 retail value sales are expected to grow 10%, while retail volume is expected to grow at 5%. In this article, you’ll discover all the most important details to better understand the Italian pet population, how big the pet industry actually is, and more. Economic Uncertainty Adds to Pet Industry Challenges in 2025. The Pet industry consists of many significant branches. 5% projected in 2024 and 3. CUSTOMIZED PET NUTRITION The pet food market currently sits at USD $58. But just how big is the pet industry? And what does the future hold for the space? In this article, we’ll cover over 75 new statistics about the pet industry. As times change, so do trends and consumer demands. Inflation rates may stabilize in 2024, but pet owners will still look for the best quality at the best price. STAMFORD, Conn. 1 Furry family The 2024 Pet Industry Leadership Summit topped last year’s record-setting attendance numbers with nearly 300 attendees, including 46 new industry professionals from 39 new companies who joined us for the first time. Through it all, the honorees that appear in this section have made a significant impact on the pet market, so much so that Pet Age is Pet Product Store. 6B) by the end of 2024, 4. In 2024, 60% of British households owned non-aquatic pets, totaling 17. M. Ownership levels are expected to dip slightly in 2028, with an anticipated 68% of households set to own a pet, 50% of which will own dogs and 36% will own Feb 12, 2025 · An overview of the pet industry in the Philippines in 2024, including the most recent statistics and trends. IPSA Flow Business Conference. Whether you're a passionate pet groomer, a visionary entrepreneur in the pet tech space, a dedicated veterinarian, or a retail aficionado specializing in pet products, there's an event tailored just for you. Apr 10, 2024 · The pet industry is doing fantastic in 2024 so far. With trends like premium nutrition, quick-commerce solutions, and culturally aligned offerings, 2025 is poised to further elevate the lives of pets and their human companions. 5 billion (compared to €4 billion in 2022) with cat food making up the largest share, at €2. The pet health insurance market, now worth over $4 billion (€4. 02 Basic Information of Pet Owners and Pets (Dogs and Cats) 2024-03-25 15:31. A difficult post-pandemic economy has made companies more careful about acquiring new brands, and a strongly antitrust Biden administration has not been friendly to the growth of megacorporations, including in the pet space. Mar 22, 2024 · For more information, be sure to read the report US Pet Market Outlook, 2024-2025 from Packaged Facts, which analyzes current and projects future retail sales and trends across the US pet industry. for a market growth rate of 3. This time around, the company expects technological advancements to be a harbinger for industry growth in the coming year. London led pet ownership Jul 12, 2024 · Spending growth in the pet industry could reach 7% annually by 2030, after below-average growth of 2. Smucker Company, Mars Inc and WellPet are the major companies operating in this market. 8% from 2022 and growing at a five-year CAGR of 10. 23-25, 2025; Where: Tucson, Arizona; Petcare Innovation USA. com's offering. Apr 18, 2024 · The global pet care industry is forecasted to represent €191. The Philippines’ pet industry is growing rapidly, and pet ownership is rising. 77 billion in 2025 and grow at a CAGR of 5. org Discover the latest pet industry insights from APPA with the 2025 State of the Industry Report, including ownership trends, pet-related purchasing behavior, and consumer sentiment information. pet owners say the current economy has not affected their pet ownership. pet market amounted to a staggering $147 billion in 2023. 75 billion by 2032, exhibiting a CAGR of 6. Oct 1, 2024 · Pet food market value Thailand 2019-2024. ; 57% of UK households keep pets. Pet ownership from 2020 has increased by over 50% in European countries such as the United Kingdom, Germany and France. About 9% of them said they would spend less on pet products. 如需了解中文版报告信息，请戳：《2023-2024年中国宠物行业白皮书（消费报告）》。 Apr 28, 2025 · Pet insurance is one of the most interesting pet industry trends in 2024. pet industry expenditures reaching $152 billion in 2024. According to Michigan State University, the pet industry had an overall economic contribution in 2023 of $303 billion, an increase of 16% See full list on worldanimalfoundation. 79 billion in 2024, and this figure is Mar 8, 2024 · Explore the dynamic shifts and emerging trends shaping the pet industry in 2024 and beyond. Here are the latest numbers. 9% from 2024 to 2030. There are 13. Jan 7, 2025 · Pet Industry Trends in Health, Grooming, and Wellness. Jan 6, 2025 · The pet industry is growing in South Korea. Value of the pet food industry in Thailand from 2019 to 2023 with a forecast for 2024 (in billion Thai baht) Jan 17, 2024 · The Global Pet industry is shifting toward being a hugely competitive market. 06% to reach USD 108. Pet care in Thailand continues to experience solid growth, albeit against a backdrop of inflationary pressures that is contributing to an ongoing increase in retail prices. Value of pet food imported into South Jan 9, 2025 · The research notes that pet industry M&A activity has been “muted” in 2024, continuing a drop-off that began in 2022. 45% during the forecast period. Mar 18, 2024 · Retail sales of pet food and treats — the “least discretionary” segment of the industry, according to Landry Brown — totaled $65. State of the Pet Industry: Key Statistics. Globally, the pet insurance industry reached $9. The policies of the new Trump administration have cast a cloud of uncertainty over the US economy that makes navigating the pet industry waters – already uncertain due to high prices and stagnant pet population growth – all the more challenging in 2025. (Statista 2) Pet food makes up the largest share of the pet care industry with an estimated total value of $650 The United States Pet Market is expected to reach USD 84. Italy is one of the biggest pet markets in Europe. Dec 19, 2023 · Pet Food Market; Market Trends and Reports; Report: Pet industry 'will be choppy' in 2024. The global pet supplements market is projected to grow at a compound annual growth rate of 5. 8B), has attracted major providers offering comprehensive coverage. [2] Dec 22, 2023 · As each of these trends played out over the course of the year, ADM is back with a new set of trends and expectations for the pet industry in 2024. $157 billion in sales is projected for 2025. Nestle SA (Purina), Colgate Pamolive (Hill’s Pet Nutrition), The J. From specialty food trends to packaging strategies, explore the full analysis of today's evolving pet marketplace. Stay ahead of the curve by delving into the realm of plant-based diets for pets and the Dec 4, 2024 · Canada’s latest statistics and trends highlight a growing pet population, booming pet industry, and shifting towards premium products and services. Pet food and treats, vet care and supplies sale, pet insurance companies, accessories, etc. 8% and 13. The pandemic years of 2020 and 2021 were boom years for the U. 2 billion ($152. Pet care in 2024: The big picture. 8M) in 2021. Apr 25, 2015 · Global Pet Industry • 29 Apr 2025 Swedencare starts 2025 with revenue increase, but CEO warns about uncertainty Dental products and treats saw the strongest growth in the company’s portfolio. The pet food market is worth AU$3. Contents: How Do Pet Owners Spend Their Money? Oct 20, 2023 · What trends will define the pet care industry in 2024? There are a number of compelling trends pet businesses should be tracking going into 2024, including CBD supplements, personalized nutrition, pet tracking technology, sustainable toys, and pet probiotics. In China, pet ownership is booming. Discover the latest trends, innovations, and insights that are shaping the future of Feb 9, 2024 · A recent survey from OnePoll, commissioned by consultancy firm KPMG, found that almost 6 out of 10 UK consumers plan to reduce non-essential spending in 2024. When: Sept. Dogs and cats are now considered part of the family, leading to a surge in luxury pet products, tech gadgets and even pet hotels. Apr 26, 2024 · A 2024 overview of what the pet industry in Australia looks like, with the latest data and trends. 1. 7% more than last year. Mar 13, 2024 · Millennials became the largest pet-owning demographic, shaking up the industry with new preferences and demands. Access Insights Oct 25, 2024 · Discover key 2024 pet industry trends: $83B+ market insights, omnichannel growth, and Gen Z's impact on pet care. 37 billion in 2024 to USD 427. The growth is primarily driven by the pet food segment, which alone accounts for €4. When: December 2-4, 2025; Where: Los Angeles, California; The Pet Industry Leadership Summit . Canada’s expanding pet demographics In 2024, the pet population in Canada showcases the country’s enduring love for animals and the number of pets in the country is expected to exceed 28. 50 billion by 2030. “That’s a whisker below the previous Morgan Stanley survey of pet owners in 2022, but still outpaces nearly all retail subsegments and is one of the largest rates of return of any retail sector,” says Feb 14, 2025 · The Indian pet food market is expected to be worth nearly $650 million in 2024. Dec 31, 2024 · Tech firms also got a boost in 2024. This included 1,000+ product launches Nov 1, 2024 · As 2024 draws to a close, the pet care industry continues to experience a great deal of fluctuation and change. Nov 22, 2024 · According to Bloomberg Intelligence’s (BI) Global Pet Economy 2024 report, strengthening smaller markets and a growing healthcare segment may increase the global pet economy by 5-6% to over $380 billion (€352B) in 2025. 04% through 2030. 5% increase from 2022. A pet is an animal that is tamed and maintained for companionship and recreation more often as a source of amusement or playthings. Chapter Highlights Jan 13, 2025 · The 15 Pet Industry Statistics in the UK. Surveys show that a majority of owners consider their pets members of their family, and this societal shift in perspective is expanding across major pet-owning markets. The German pet industry is one of Europe’s largest markets, generating €7 billion in 2023, a 9. Dec 9, 2020 · Read on to discover more about the latest statistics and trends in the pet industry! Pet Industry Market Size. Searches for "pet insurance" are growing slowly but steadily at 100% over the last 10 years. Rumor has it that Australia ranks amongst the most popular countries in the world, but how is the pet industry doing Down Under? Este 2024, por primera vez en la historia, la alfombra roja se extendió en el marco de Expopet de Corferias. From the rise of pet influencers driving consumer choices to the increasing demand for sustainable and traceable products, discover how eco-consciousness and dietary preferences are transforming the market. Base Year: 2024 Delivery Format: PDF+Excel, PPT Historical Year: 2018-2023 Online Retail Boom: The pet care industry witnessed a surge in online sales, with e Jul 1, 2024 · Germany’s pet industry size. NovoNutrients and Digestiva raised millions of Series A dollars to expand their alternative protein production. 2 percent of the post-1990s segment, 25. Pet food import value in South Korea 1988-2024. Seventy-seven percent of U. 9 households owning pets, making for a total pet expenditure of $147 billion. These industries rake in millions of dollars each year. Cascadia Capital releases its Pet Industry Overview suggesting consumer sentiment sinking and industry profits under pressure may make for a challenging 2024. 9% in 2025. Apr 15, 2024 · A 2024 overview of what the pet industry in Italy looks like, with the latest data and trends. In April 2024, Canada’s exports of dog and cat food accounted for up to $91. In addition, Packaged Facts has published a variety of other pet industry market research reports that may interest you including: Apr 19, 2024 · Three consumer trends—Value Hackers, Delightful Distractions and Wellness Pragmatists—stand out as the most relevant for the pet care industry in 2024, primarily due to the impact of inflation, pet humanisation and health concerns. Para este 2025 traemos una noche aún mejor en el marco de este gran evento. Jan 17, 2024 · Below are some of the trends the pet industry has set out for 2024 and what you can expect to see more of as the year progresses. 66 billion in 2023 and is projected to grow from USD 259. 5 The pet industry’s growth in 2024 was driven by innovation, consumer awareness, and a stronger bond between pets and their owners. Mar 26, 2025 · The pet industry shows continued growth and resiliency, with the total U. UK pet ownership and attitudes in 2024. Pet Market Synopsis. Apr 16, 2024 · On March 20-22, 2024, pet industry professionals from across the globe gathered at the Orange County Convention Center in Orlando, Florida, for the Global Pet Expo. 4% from 2024-2032 Jan 23, 2025 · As the pet industry expands in the country, Australian pet owners are likely to see several companies enter every year. Value Hackers: Pet owners who seek the best deals Jan 24, 2025 · Explore our curated list of 50+ pet industry events that cater to a diverse range of pet professionals. Some investors are still looking for young pet industry companies to write checks to. The French pet industry is, for the most part, self-sufficient: 80% of pet food sold in France is also made in the country. 6 1 3 4 Pet Industry White Paper 2024 2 China’s pet industrial media Chong Ye Jia Mar 24, 2023 · New York, March 24, 2023 — The pet industry is poised to swell from $320 billion today to almost $500 billion by 2030, according to a new report from Bloomberg Intelligence (BI). 00 Billion in 2023, and is Projected to Reach USD 39. Based on data from 2018 to 2023, the pet industry is in a good spot—in fact, it's on an upward trajectory: Overall spending in the U. Premios Pet Industry 2025: La Noche que Une a Colombia se consolida Oct 10, 2024 · The pet industry exploded during the pandemic but after it ended, buyer’s remorse set in and the cost of owning a pet became more burdensome for many new pet owners. and is expected to grow 5. In the United States alone between 2023 and 2024 there was an estimate of 86. 4 billion in 2022 and is expected to grow at a compound annual growth rate of 17. Mar 21, 2025 · An overview of the pet industry in China in 2024, including the most recent statistics and trends. 35 billion in 2023, up 11. . 5 million cats in the UK. pet industry, with sales up 9. 7%, respectively. 2B) by the Jan 31, 2025 · Pet insurance is growing, with 5. The increase of pet owners in recent years was mainly driven by three generational segments, those born post-00s, post-1990s and post-1980s. 15. Pet Market Outlook, 2023-2024" report has been added to ResearchAndMarkets. Presented by the American Pet Products Association (APPA) and the Pet Industry Distributors Association (PIDA), the exhibit floor showcased 1,100+ companies, including 300 first-time exhibitors. The number of Koreans who own pets has continued to increase. 4M) Aug 9, 2024 · Pet food industry 8 Premium Statistic China's pet food market size 2018-2028 Premium Statistic Market size of pet nutritional products China 2020-2023, by pet type Jan 8, 2025 · The pet industry has skyrocketed over the last few years, and some statistics about the market may surprise you. 5 million dogs and 12. French pet industry imports and exports. 09 Billion by 2032, Growing at a CAGR of 9 % From 2024-2032. Meanwhile, retail e-commerce has been gaining significance since the pandemic, particularly in pet food categories. ; The number of pets in the UK rose 9% between 2022 and 2023 Mar 4, 2025 · These pet trade shows and conferences are a hotbed for learning about advancements in the business side of the pet industry. Pet Market Size Was Valued at USD 18. The largest distribution channel for pet care in Singapore is expected to remain pet shops and superstores in 2024, led by Pet Lovers Centre, which has more than 50 physical stores across the island. rgyxoqsunnlxclmbymfsmsuumxukwwgcyuislqfgtzxmwlceaowngytwelojgvqhtofqxefbxcl