Answer:
According to the American Pet Products Association’s most recent survey, pet owners lavished nearly $137 Billion on their beloved pets last year. For more data see below:
Pet Industry Market Size, Trends & Ownership Statistics
Total U.S. Pet Industry Expenditures
Year Billions of dollars
2022 $136.8 Actual
2021 $123.6
2020 $108.9
2019 $97.1
2018 $90.5
Actual Sales within the U.S. Market in 2022
In 2022, $136.8 billion was spent on our pets in the U.S.
Breakdown (Actual)
Pet Food & Treats $58.1 billion
Supplies, Live Animals & OTC Medicine $31.5 billion
Vet Care & Product Sales $35.9 billion
Other Services* $11.4 billion
Total $136.8 billion
*Other Services include boarding, grooming, insurance, training, pet sitting and walking and all services outside of veterinary care
Projected Sales within the U.S. Market in 2023
In 2023, $143.6 billion was spent on our pets in the U.S.
Breakdown (Projected)
Pet Food & Treats $62.7 billion
Supplies, Live Animals & OTC Medicine $32.1 billion
Vet Care & Product Sales $37.0 billion
Other Services* $11.8 billion
Total $143.6 billion
Data sources and notes
Pet Food & Treats – Source: Nielsen Scan – 52 Weeks ending 12/31/2022 for xAOC and Total Pet Retail. E-commerce pet food sales data powered by Rakuten Intelligence. Pet food sales for 2022 in Vet clinics, Farm & Feed, Direct-to-Consumer, and Costco were estimated using industry/financial reports and any available data for either of these channels.
Pet Supplies Live Animals & OTC Medicine: Pet Supplies and OTC Meds are based on data provided by Nielsen Scan, Rakutan Intelligence, and Packaged Facts. Live Animals includes fish, birds, small animals, and reptiles and is based on APPA estimates and data provided by leading retailers and industry suppliers.
Vet Care & Product Sales: Includes routine veterinary care, surgical procedures, and sales of pharmaceuticals and other products through veterinary clinics and is based on data provided by AVMA, Packaged Facts, and industry sources. Excludes food and treat sales.
Other Services: Includes grooming, training, boarding, insurance, pet sitting/walking, and all services outside of Vet Care and is based on data provided by Packaged Facts and leading industry retailers.
All data was reviewed and validated by industry experts and leading pet retailers and manufacturers.
Source: 2023-2024 APPA National Pet Owners Survey
Pet Industry Nears $137 Billion in Sales Across 87 million Pet-owning U.S. households