From pet food to veterinary services, American pet owners continue to prove year over year that they are willing to pay up to keep their pets happy. The American Pet Products Association recently released its annual report on pet spending, which showed that Americans spent a whopping $55.7 billion on pets in 2013.
Pet tech was booming preCOVID, but the pandemic kicked it into overdrive.
If your clinic is selling pet food, you’ve no doubt noticed that recalls are becoming part of life. They are also spurring client spending on “natural” and “organic” pet food. At least, that’s what a recent report suggests. Packaged Facts, a division of MarketResearch.com, released its report Natural, Organic and Eco-Friendly Pet Products in the U.S., 6th Edition, and noted that consumers perceive that natural and organic products are purer and safer than regular products. Product safety and the potential for contamination are also a consumer concern. The report was published on Oct. 12.
PetSmart started a trend in 1994 by partnering with Banfield Pet Hospitals to open in-store veterinary clinics in many of its retail locations. Today, that trend is creating what pet market analysts call an erosion of the boundaries between pet store and pet health services provider.
One out of three pets get lost during their lifetimes. And if a pet service provider hasn’t lost a pet that’s been under their care, it’s only a matter of time, says lost pet expert and real-life pet detective Annalisa Bern.
The battle is on for control of the pet medications market—which recorded $9 billion in sales last year—but for the moment, it’s pretty one-sided in favor of veterinarians.
The pet medications market should continue to grow consistently during the current decade, according to Packaged Facts. The market research company recently released a report projecting that pet medication sales are likely to reach $10 billion in 2018.
Everybody loves treats, including pets. That’s partly why the market for pet treats in the US is expected to reach $6.7 billion dollars by the end of 2019, up from $6.5 billion in 2018, according to a new report.
In this guest column, Center for Pet Safety Founder/CEO/Chairman Lindsey A. Wolko sheds light on how her organization is addressing current safety issues involving traveling with pets, as well as offers safety tips that veterinarians can communicate to clients.
Pet food industry starting to feel price pinch