Breaking $100 billion! U.S. pet industry sales hit a new high

On March 24, the American Pet Products Association ( APPA ) announced that the industry’s annual sales have surpassed $100 billion, calling it the highest level in the pet industry’s history.

“We have reached a significant milestone with pet industry sales reaching $103.6 billion , and we are optimistic about the year ahead, projecting growth of 5.8% , well above the historical average of 3% to 4%,” said Steve King, president and CEO of APPA. “Over the past year, the pandemic has presented many challenges, and consumers across the country have turned to their pets for comfort and companionship. ”

In addition, Steve King also said that the product trends seen in the pet care industry reflect consumer demand , namely consumers ' desire for a healthier lifestyle , a greater focus on fitness , a turn to supplements to improve health , and technology will play a greater role in daily life.

During the keynote presentation by APPA and the Pet Industry Distributors Association ( PIDA ) , a state of the industry report was also released , which stated that consumers spent $22.1 billion on supplies, live animals and over-the-counter medicines , an increase of 15.1% from 2019. In addition, $42 billion was spent on pet food and treats, a relative increase of 9.7%. In addition, consumers spent $31.4 billion on veterinary care and products , an increase of 7.2%.

Conversely, consumers spent $8.1 billion on other services , such as grooming, dog walking, and boarding, which is down 21.4% from 2019. However, as quarantine measures are lifted and consumers begin to go out, use of these services is expected to increase.

From a retail perspective, sales in all channels are increasing, especially e-commerce, which is consistent with the overall shopping trend of consumers. 47% of pet owners said they have increased the number of online purchases , and 30% of pet owners said they spent more on pets and pet supplies in the past year , while only 10% said they spent less.

According to the APPA National Pet Owners Survey, 67% of households in the United States own pets, equivalent to 84.9 million households. This proportion of the population is enough to show that the pet industry in the United States has great room for development.

USA

Pet Industry

Annual sales

E-commerce