Every pet owner should keep an eye on the market. Knowledge gives you the power to make better decisions and understand how to provide the best care for your animal companion. 

Pet industry statistics will help you grasp the basics of this extensive industry that’s changing all the time.

Little Known Pet Industry Facts

  • In 2018, Americans spent $72 billion on their pets.
  • Around 67% of US households own a pet.
  • 67% of pet owners are from younger generations, while 27% belong to baby boomers.
  • The worldwide pet food market is worth $91.1 billion.
  • In 2019, the global pet sitting market size was valued at $2.6 billion.
  • Only 2% of US pet owners have insurance for their animals.
  • The average cost of an unexpected vet visit ranges from $800–$1,500.

Pet Ownership Statistics

The US has the highest number of pet dogs and cats worldwide, according to pet ownership statistics by country. Let’s have a look at the details.

1. 67% US Households Have a Pet And That’s 84.9 Million Homes

(Source: American Pet Products Association)

  • In 1988, the first year when they conducted the survey, it was 56%.
  • Fun fact: The first-ever US pet franchise store opened in the 1960s.
  • Pet adoption remains popular in the US, with around four million cats and dogs adopted from shelters each year. 

We’re deeply attached to our pets. They become part of the family and provide us with love and affection. No wonder US pet ownership statistics are so high. 

2. Married People Are 57% More Likely to Be Pet Owners 

(Source: Urban.org)

  • 42.9% of single people own a pet. What’s more, 57% of homeowners and 37% of renters have pets.
  • Two-thirds of households in rural areas have pets, compared to under half of the urban ones.
  • COVID-19 also affected the pet industry, with 10% of cat owners and 9% of dog owners reporting that they got a pet precisely because of the pandemic. On top of that, 12% of adults with children adopted a pet because of the coronavirus, compared with 8% overall.

Pet Ownership Statistics 2021 —Demographics

Let’s take a look at the demographics for a better understanding of the entire US pet industry. 

3. Non-Hispanic White Families Have the Highest Rate of Pet Ownership — 58%

(Source: Urban.org)

  • 45% of Hispanic, 24% of black, and 23% of Asian families have at least one pet. 
  • Interestingly, white families are less likely to have children than pets. 58% have an animal companion, but only 23.1% have a child.
  • Asian and black families have a higher rate of having kids than pets. 

Overall, Americans choose to have pets rather than children, which is increasing with new generations. Let’s dive into millennial pet ownership statistics.

4. 35% of Millennials Own a Pet

(Source: Common Thread Collective)

  • Generation X isn’t far behind with 32%. 
  • But we see a massive difference with baby boomers, where only 27% own a pet. 
  • Last on the list are builders. Only 6% of those that are 71 or older have a pet.

The trends are changing. In 2013, 28.6% of US households had children, but in 2017 that number decreased to 27%. It might not seem a lot like much, but it’s substantial when looking at entire populations. 

5. 58% of Women and 49% of Men Are Pet Owners

(Source: Joy Bird)

  • There’s a 9% difference in pet ownership based on gender.
  • That said, when we look at the pet spending statistics, men are 1.5 times more likely to spend over $100 on their animal companion compared to women.
  • But in the $51–$100 range, it’s 30% of women and 22% of men. 

Besides, we don’t measure our love for pets by how much we spend. Not to mention that most expensive treats don’t have a higher nutritional value than the mid-range ones. 

Pet Industry Statistics in the US

So, we now know about pet ownership, but what about the industry?

6. Number of US Pet Households by Type of Animal

(Source: American Pet Products)

Type of AnimalNumber of US Pet Households
Dogs63.4M
Cats42.7M
Freshwater Fish11.5M
Birds5.7M
Small Animals5.4M
Reptiles4.5M
Horses1.6M
Saltwater Fish1.6M

Unsurprisingly, dogs come in the first place, so they take up a big chunk of the pet industry.

7. How Much Do Americans Spend on Pets?

(Source: Spots.com)

  • The average household spends $1,126 a year on their animal companions.
  • Health and medical expenses come to 49.10%. That’s why getting pet insurance is essential, but more on that a bit later. 
  • Food and treats account for 27.13% of expenses, while grooming is 5.07%. Surprisingly, pet owners spend only 3.45% on toys, and an astronomical 15.25% goes into daycare and boarding. 

We only want what’s best for our furry friends, so we don’t mind forking out a small fortune each year to keep them happy and healthy.

8. 1 in 10 Americans Owns One or More Exotic Pets

(Source: Expert Insurance Reviews)

  • With the release of documentaries like Tiger King, exotic pets have become quite controversial in recent years. But pet industry statistics show that the market is still well and alive, making over $10 billion annually. 
  • The price of exotic animals is astounding. A lion is between $2,000–$3,500, while an elephant costs no less than $10,000. Still, there are even more expensive pets out there.
  • Currently, 19 states have bans on exotic animals. Unfortunately, the black market continues to thrive on wild animals kept as pets. 

Owning an exotic animal shouldn’t be taken lightly. Plus, pet industry statistics and trends show the US contributes the most to the illegal wildlife trade

Pet Food Industry Statistics

Pet food is the second-largest expense each month. Let’s find out what this means for the industry. 

9. US Pet Owners Spend a Collective $38.4 Billion on Food and Treats Annually

(Source: Common Thread Collective)

  • Within the 2020 US market volume of $30.9 million, most revenue comes from the food segment, including treats and supplements.
  • Pet food industry statistics in America show that 500 manufacturers produce 3.3 billion pounds of cat and dog food annually. 
  • 21% of all pet food sales are for treats. 

But that’s not all. The US exports over $1.5 billion worth of pet food every year — more than any other country.

10. The Pet Food Industry Is Worth $91.1 Billion Worldwide

(Source: Common Thread Collective)

  • Global pet food industry statistics predict a 107 billion dollar revenue by 2024 — a 4.8% growth from 2017.
  • With almost 900 million dogs globally, canine food is the driving force of the pet food industry.
  • By 2025, the global pet food ingredients market size is projected to reach $53.2 billion.

The growing concern for animal health is leading the way for market expansion. 

11. Approximately 85 Million European Homes Own At Least One Pet

(Source: FEDIAF)

  • Europe spends over $24 billion on pet food products annually.
  • 8.5 billion tonnes of pet food products are sold in Europe every year.
  • Pet food industry statistics in Europe show that the annual growth rate of pet food-related products comes to 2.6%.

The value of European pet products and services is $23.1 billion.

12. Over 60% of Australian Households Own at Least One Pet

(Source: IBIS World)

  • Pet industry statistics and trends in Australia show an astounding average industry growth rate of 5.6% between 2015–2020.
  • The pet supplies market in Australia is worth $3 billion.
  • The Australian pet industry employs around 7,000 people.

Additionally, thanks to COVID-19, Australian shelters also saw a rise in people who wanted to adopt animals.

Pet Food Statistics and Trends

Now we get to the exciting part. What are the up-and-coming trends?

13. Human and Pet CBD-Infused Food Make More Than 30% of Online Sales

(Source: The Business Research Company)

  • The US alone has over 3500 CBD brands. Naturally infused products are becoming industry leaders fast. 
  • Online pet food purchases have a significant increase of 53% year-over-year
  • Online pet food sales jumped by $281 million during the COVID-19 pandemic — more than 51%. Pet food subscriptions also increased by 28%.

All in all, pet product industry statistics, particularly those on animal health, are increasing substantially. 

14. The Use of Citrus Fiber in Pet Foods Jumped by 437% in 2019

(Source: Food Processing)

  • 72% of US dog owners and 67% of cat owners agree that high-quality pet foods help with preventive health care.
  • Additionally, 75% of them acknowledge that pets with health conditions can benefit from food targeting these issues.
  • In 2020, the pet supplements market size had a value of $674.6 million. Experts predict it’ll hit $1 billion by 2027.

Pet treat industry statistics, including food, report a shift in the way owners view natural consumables for treating their pet’s health issues. 

Pet Spending Statistics

It’s not just the food market that’s changing. The wide range of pet products also grows more than ever.

15. In 2019, US Citizens Spent $95.7 Billion on Their Pets

(Source: American Pet Products)

  • Pet Food & Treats: $36.9 billion 
  • Vet Care & Product Sales: $29.3 billion
  • Supplies, Live Animals & OTC Medicine: $19.2 billion
  • Other Services: $10.3 billion  

It seems like owners care more about pet safety. Microchipping and a product like the wireless dog fence make a significant change to the almost ten million dogs and cats that go missing each year in the US.

Pet Care Industry Statistics

Animals can require a lot of upkeep. But just how much is that worth? Here are some interesting pet care market stats.

16. In 2015, Grooming and Boarding Made $6 Billion

(Source: Common Thread Collective)

  • On top of that, it’s projected to hit $9.2 billion in 2025
  • Similarly, in 2015, the veterinary care value was $16.3 billion. It’s projected to hit $25 billion by 2025.
  • In 2020, the Pet Care market size was estimated at over $232.3 billion. Experts project it will expand to a 6.1% CAGR from 2021 to 2027.

According to pet owners statistics, the COVID-19 pandemic is one reason for the booming market. North American sales are expected to hit $281 billion by 2023.

17. 56% of US Pups Are Overweight or Obese

(Source: American Kennel Club)

  • Pet industry statistics show that owners would skip a walk for the following reasons: bad weather: 56%, laziness: 32%, work: 32%, difficulty dealing with the dog: 31%, and family responsibilities: 24%. That said, dog treadmills can help prevent your furry pal from gaining all that weight. Luckily, it’s not weather-dependent.
  • Owners also reported that walks made their pups 93% less stressed, 70% happier, 46% more energetic, and 41% more relaxed. So, it’s a win-win for the body and mind.
  • Out of all dog walkers, 65.6% are women, and 29.9% are men.

Exercise is vital to your pup’s health. Regardless of the weather or work commitments, your dog should get physical activity once a day.

18. Is the Pet Care Industry Growing or Shrinking?

(Source: Grand View Research)

  • It’s growing dramatically. In 2019, the global pet sitting market size was valued at $2.6 billion, and it’s expected to grow at a compound annual growth rate (CAGR) of 8.7% from 2020 to 2027.
  • With a share of 35%, daycare visits dominated the market in 2019. 
  • Experts predict that pet transportation will expand at the highest CAGR of 9.1% from 2020 to 2027.

It’s not just the food, toys, healthcare, and treats that make up the market. Pet care and all related services are growing exponentially, too.

Pet Insurance Industry Statistics and Facts

The health of our pets is a number one priority. While specialists highly recommend pet insurance for preventing extra costs, what do the stats say?

19. Only 2% of US Pet Owners Have Insurance for Their Animals

(Source: Simply Insurance) 

  • Fun fact: The first US pet insurance policy was in 1982 for the dog playing Lassie on TV.
  • The pet insurance industry started almost a century ago in Sweden. No wonder that half of the Swedish pets have a policy.
  • In 2020, the pet insurance market size was valued at $6.9 billion, and it’s estimated to grow 7.7% CAGR between 2021 and 2027.

Seeing how many pet owners in the US don’t have pet insurance is quite surprising, as vets recommended it to provide the best possible care for your animal.

20. The Average Cost of an Unexpected Vet Visit Ranges From $800 to $1,500

(Source: CNBC)

  • Gastritis is the most common claim for cats and dogs combined. 29% of all claims are filed for felines and 16% for canines.
  • Monthly premiums range from as low as $10 to more than $100. Most pet owners pay between $30 and $50 per month for decent coverage.
  • Since 2015, the average annual growth rate of insured pets in the US is 15.8%. Dogs make up most of that number.

Emergency vet visits cost a pretty penny, and the costs of vet care increase each year. We recommend speaking to your vet to find insurance that’s best suited to you and your pet.

Wrap Up

World pet industry statistics are growing fast with the expansion of the market. While 83.9 million US homes already own a pet, that number will increase significantly by 2025. What’s more, further COVID-19 lockdown regulations could lead to even more animal adoptions.

Pet health is a massive concern for owners, paving the way for products like CBD and natural food to take up a more significant portion of the market. 

We hope you found these pet industry statistics interesting and helpful for picking up trends to try with your furry companion. But if you’re looking for your future furry pal, we encourage you to check the stray dog statistics and adopt a pet instead of buying.

Sources: