"In 2016 the market for pet products and services is an estimated $67.5 billion, an increase of 4.3% over the previous year. A majority of households own at least one pet (59%) and as the economy improves, households are more likely to take on the expense and commitment of pet ownership (there has been positive growth in ownership since 2008). The trend of humanizing pets continues to shape the market, creating interest for new products such as pet fitness trackers, video monitors, and specialty food (and drinks). Pet owners demonstrate a desire for offerings that help keep their pet healthy, but also happy, as 87% think of their pet not just as an animal, but a member of the family."
- Senior Lifestyles and Leisure Analyst
This report covers the following areas:
- Pet owners struggle to balance spoiling and disciplining their pets
- Owners believe emotional health is important, but struggle to understand pet’s needs
- Cat owners less willing to spend on products and services
For the purposes of this Report, Mintel has used the following definitions:
- Pet owners: adults aged 18+ who own a cat or dog, but may also own other animals
- Non-pet owners: adults aged 18+ who don’t own any animals
- Cat owners: adults aged 18+ who own at least one cat, but may also own other animals
- Dog owners: adults aged 18+ who own at least one dog, but may also own other animals
The segments for the estimated market size include the following:
- Pet food: Dry, semi-moist, wet, refrigerated/frozen dog and cat food; cat snacks; dog biscuits and treats; food for pets other than dogs and cats.
- Pet supplies: Litter, deodorant, litter bags; rawhide dog chews; leashes, collars; scratching posts; toys; cages, habitats; animal bedding; aquatic supplies; shampoos; vitamins and OTC (over-the-counter) medications; etc.
- Veterinary services: Routine exams; surgical and non-surgical treatments; lab services, etc. Includes only services provided by veterinarians who predominantly or exclusively treat companion animals.
- Pet services: Grooming; boarding; training; etc. Includes pet-service revenues at veterinary offices and pet stores in addition to businesses primarily offering pet services. Service estimates are based on retail sales only and do not include private transactions, such as freelance dog walkers or pet sitters.