2022 Pet Industry Statistics

Pets are part of the family. 

Pets are health companions, protectors or friends, sometimes all three. People are spending more and more money on their pets, and this is reflected in the thriving pet industry. While this may be a good thing for our pets, these spending patterns are also good news for people who own businesses that cater to the pet industry as the size of the market is expected to increase significantly in the coming years.

The growing trend in pet shopping is not limited to food and treats; More and more pet industry trends have evolved in pet health and wellness, grooming and accessories. Let's take a detailed look at some of the leading pet industry statistics.

20 pet industry statistics you should know in 2022

1.  The global pet market is worth $ 261 billion.

2.  People in the United States are expected to spend approximately $ 109.6 billion on their pets by 2022.

3.  In 2020, there was an 18% increase in pet food sales in the United States.

4.  Millennials lead the way in pet ownership per generation, with 32% of people born between 1981 and 1996 becoming pet parents.

5.  The size of the pet grooming market was $ 2.6 billion in 2019 and is expected to grow.

6.  While overall pet ownership increased during the pandemic, the number of animals adopted from shelters decreased by 20% in 2020.

7.  While pet ownership increased during the COVID-19 pandemic, investment banking firms predict millennials and Gen Z will sustain growth of up to 14% by 2030.

8.  The global natural pet food market is worth $ 22.8 billion.

9.  On average 42% of dog and cat owners will spend more on higher quality pet food.

10.  Over the past 5 years, raw dog food has seen a 147% increase in purchasing patterns.

11.  About 42% of pet owners buy pet food online.

12.  People spend between $ 70 and $ 80 for a single dog grooming session.

13.  By 2021, 48% of people who gave CBD oil to their pets were reported to offer it as an edible food.

14.  Sales of pet supplements grew 116% from 2019 to 2020 and continue to grow.

15.  By 2025, the pet care sector is expected to grow to $ 14.5 billion.

16.  In the United States, 83% of dogs and 17% of cats are insured.

17.  Over the 2021-2025 period, the pet accessories market is expected to grow by $ 9.2 billion.

18.  More than 50% of pet owners are willing to pay more for eco-friendly pet care products.

19.  The pet technology market will grow at a 22% CAGR between 2021 and 2027.

20.  Americans spend $ 490 million on Halloween costumes for their pets.