How Much Money Do People Spend On Their Dogs

According to American Pet Products Association (APPA) pet statistics , most lxx% of US households take at to the lowest degree ane pet – the highest level reported on record.

US spending on pet care and products has seen an even greater rising over the by few decades, both overall and on a per capita footing. To better reveal to you the growing size of the US pet market, hither are 20 insightful pet spending statistics .

Top Pet Statistics - Editor's Selection

• The value of the pet industry in the US volition reach nearly $109.6 billion this twelvemonth.
• Average almanac expenses for a pet dog amount to about $1,380.
• Only 2.one% of all pets in the US are insured.
• Dogs are the biggest influence driving get-go-dwelling purchases among millennials.
• More than than half of millennial pet owners purchase their pets gifts at least in one case a month.
• Buying pet supplies online is a preferred shopping method for 77% of millennials.
• More than one-half of millennials buy gifts for their pets on a monthly ground.
• In the past 10 years, American pet spending has more than doubled.
• Forty-v percent of American pet owners spend the aforementioned corporeality of money or more on their pets' healthcare as they practice on their ain.
• One in 10 American pet owners is putting off having kids or more than children because of pet expenses.

Us Pet Industry Analysis and Expenses Statistics

The United states pet industry will reach about $109.6 billion in sales by the terminate of 2021.

(APPA)

According to data from APPA, the amount Americans spend on their pets grew to $103.6 billion in 2020 – that is nearly $xiii.i billion more than than in 2018. Pet nutrient and treats make upwardly the biggest portion of the market at $42 billion, followed by vet care and products at $31.4 billion.

Annually, owners spend an average of $i,480 on pet dogs' basic expenses.

(APPA)

At 76.2%, dogs brand upwardly the majority of pets in The states households. Data from APPA's pet spending statistics per year on dogs reveal that owning a dog costs an average of $i,480 in basic expenses annually. On cats, average annual expenses amount to roughly $902.

In the case of dogs, surgical vet visits make upward the most significant expenditure, while the unmarried biggest expenditure for cats is food.

Dogs are the biggest influence when it comes to driving commencement-home purchases among millennials.

(Zulily)

Then, if millennials and younger generations are willing to buy a house with a lawn just for Fido to run around, can you imagine how much Americans spend on their pets?

Rather than getting married or having kids, needing more space for their pets (dogs specifically) is the chief reason a third of millennials cite for purchasing their commencement dwelling house, according to stats provided past pet retailer Zulily.

Amid those yet to purchase a home, nigh 42% admitted that their pet or the desire to accept one would be a key factor in their decision to buy a house.

Over the by decade, the amount of coin Americans spend on pets has more than than doubled.

(Statista)

In 2010, the total money spent on pets was roughly $45.53 billion. Inside the next decade, this spending has mushroomed to $103.six billion annually. The biggest annual increase was betwixt 2017 and 2018, when spending apace jumped from $69.51 billion to $xc.5 billion – a growth of 30%.

Past 2023, online sales are expected to make up near a quarter of the total American pet supply market.

(Packaged Facts)

Despite its rapid ascent in popularity and it beingness the default method of shopping among the younger demographic, online shopping is yet to accomplish its true potential when it comes to ownership pet products. In 2018, online sales of pet products only reached an estimated $9.5 billion.

However, this field currently has one of the fastest growth rates of any channel. By 2023, eCommerce is expected to double its share and make upward 26% of the full pet market. Currently, the best online pet shop - judging by its popularity, at least - is Amazon, followed closely by Chewy

Pet Insurance Statistics

Only 2.one% of all pets in the U.s. are insured.

(Forbes)

U.s.a. pet spending and ownership statistics evidence that a mere two.1% of all pets within the land are covered by any grade of insurance. Of these, dogs represent 82.ix% of the total. However, the pet insurance industry is currently experiencing rapid growth.

From 2016 to 2020, the market grew past a remarkable 23.2%. For comparison, the pet supply and products manufacture grew by approximately iv% during that time

The rise US pet insurance market had more than $1.99 billion in gross written premiums in 2020.

(NAPHIA)

Well-nigh pet owners opted for combined insurance, which makes upwards $one.86 billion of the gross total. Insurance against accidents accounted for only $6.42 million, while another $125.i 1000000 went toward riders such as wellness and cancer endorsements.

Average annual insurance premium for accidents and illnesses in 2020 stood at $549.15 for dogs and $341.81 for cats.

(NAPHIA)

Pet insurance market statistics bespeak that pet owners primarily seek to cover illness-related costs with their premiums, especially considering that digestive tract problems, cancer, and infections are relatively common pet wellness issues.

On the other hand, monthly canis familiaris and cat insurance for accidents toll pet owners on average $18.17 for dogs and $11.xiii for cats in 2020.

The market for pet insurance increased during the COVID-19 pandemic as xiv% of previous and existing pet owners got a new pet.

(APPA)

Co-ordinate to APPA's biennial survey, about 25% of pet owners who caused a new pet during the pandemic said that their decision was influenced by COVID-nineteen.

Pet Spending Categories

Pet apparel is among the fastest-growing categories in pet eCommerce.

(Zulily)

ECommerce pet spending statistics by Zulily reveal that pet wearing apparel is experiencing some of the fastest-growing online sales rates of all pet supply product categories. Between 2017 and 2018, sales of pet dresses, T-shirts, and sweaters grew by over 200%. In the instance of pet hoodies, sales grew by a staggering 622%.

Pet dry food is the virtually common item purchased past pet owners online.

(Statista)

In the case of both pet cats and dogs, the biggest pet category bought online was dry foods; 43% of true cat owners who store online buy dry food, while 44% of dog owners do the same. Amid cat owners, litter and wet food make upwardly the second and third most unremarkably purchased items online, at 37% and 34% respectively.

For dog owners, the 2d and third most normally bought items online are pet treats/chews and flea medication, at 43% and 30% respectively.

An estimated lx% of all cats and 56% of all dogs in the U.s.a. are overweight or obese.

(APOP)

How much practise Americans spend on pet food? Probably as well much, if this stat is annihilation to become by. Obesity is a prevalent problem amongst pets in the country, with an estimated 60% of all cats and 56% of all dogs being classified every bit obese or overweight.

It seems there'south a lack of consensus among pet owners and veterinary professionals regarding pet diet.

Pet Industry Trends

American pet spending on dog walking services has reached $979.ii million in 2021.

(IBIS Earth)

Dog walker jobs are on the ascent every bit more and more Americans are opting to pay dog walking services to ensure their canine companions' practice needs are taken care of. In 2019, the land'southward dog walker market was valued at around $1.05 billion.

That number dropped to $885.ix million in 2020 due to the COVID-nineteen pandemic and and then bounced dorsum 10.5% in 2021.

The pet grooming manufacture is expected to achieve $5.49 billion by 2025.

(Centrolineal Market Research)

Pet industry statistics testify that the grooming sector is fabricated up of a diverse range of products, including pet shampoos and conditioners, pet toothpaste, detangling brushes, special scissors, and clippers.

The manufacture is expected to abound at an annualized charge per unit of 4.five% to attain a full market value of $five,488 million over the next five years. Surprisingly, rather than North America or Europe, the Asia-Pacific region was found to be the fastest-growing market for such products.

45% of American pet owners spend the same amount of money or more on the healthcare needs of their pets than they do on themselves.

(LendEDU)

In a national pet owners survey conducted by financial website LendEDU, information technology was establish that most half of all Americans spend the same or more on the healthcare of their pets than they exercise on themselves. Of those respondents, 20% take gone into debt caring for their pets, with the average owed amount being $1,567.

Pet Industry Demographics

Millennials are the largest historic period group of pet owners in the US, with 32% of them owning at to the lowest degree one.

(APPA)

Baby boomers, at 27%, are the second largest grouping withs pets in their home, followed by Gen Xers at 24%, and Gen Zers at 14%.

More half of millennial pet owners buy their pets gifts at to the lowest degree once a month.

(Zulily)

Pet spending statistics - or more specifically, a millennial pet ownership statistics study from Zulily - show that younger generations are particularly generous toward their pets, whom they treat as part of the family (or even better).

In total, 92% of millennials who own pets buy their pets gifts, while 51% do so on a monthly basis. Millennials are also twice equally likely to purchase apparel for their pets than baby boomers.

86% of pet owners shopped online for pet products in 2020.

(APPA)

COVID-nineteen has significantly changed pet owner trends and the shopping habits of pet owners. Approximately sixty% of them got their pet supplies mostly at brick-and-mortar pet stores. Since the onset of the pandemic, that number has shrunk to 41%.

77% of millennials adopt to buy pet supplies online.

(Zulily)

Online pet spending statistics tell us that the majority of younger pet owners (77%) prefer to shop online for their A to Z pet supplies , rather than opting to practise and then at a brick-and-mortar pet store.

The most commonly purchased items online include toys, accessories, and pet food. Furthermore, 70% of millennials who store online opted to purchase pet products via subscription.

One in 10 American pet owners are putting off having kids or more children because of pet expenses.

(LendEDU)

The same pet owner survey by LendEDU we've already cited above produced these fascinating pet owner spending statistics : eleven% of respondents said that because of the cost of pet care, they were putting off having kids or more children. Other usually missed milestones included delaying union and buying/renting a house.

Who would have idea that owning a pet could have such a profound bear on not just on people's financial wellness, only also on their personal lives?

Terminal Note

Which of the higher up pet spending statistics did you find the most interesting? Tell us in the comments below. If you establish this article to be informative and entertaining, don't forget to share it with others in your circle who may also find it a worthwhile read. Thank you!

Source: https://fortunly.com/statistics/pet-spending-statistics/#:~:text=Annually%2C%20owners%20spend%20an%20average,on%20pet%20dogs'%20basic%20expenses.&text=At%2076.2%25%2C%20dogs%20make%20up,%241%2C480%20in%20basic%20expenses%20annually.

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