Growth In Pet Ownership. According to Bloomberg Intelligence’s (BI) Global Pet Eco
According to Bloomberg Intelligence’s (BI) Global Pet Economy 2024 report, strengthening smaller markets and a growing healthcare segment may increase the global pet Explore the dynamic growth of the pet industry from four Asian markets with Intage Group's latest informative infographic in collaboration with Why is pet ownership on the rise? 7 What are the emerging markets for pet ownership? 8 What age groups are driving pet population Rising pet ownership, regional trade partnerships, and growing demand for premium and sustainable products are reshaping Malaysia’s pet The Indonesian and Vietnamese pet care markets are expected to record the fastest growth rates from 2023-2028 due to the rise in pet ownership. Why is pet ownership on the rise? 7 What are the emerging markets for pet ownership? 8 What age groups are driving pet population Pet ownership has been growing in the Southeast Asia region for the past decades, with the growing economy in the region, the treatment of pets Along with slow growth rates, pet ownership preferences have shifted as dog ownership declined and cat ownership grew, reversing earlier The average amount spent per household on veterinary care for pets decreased by 4% from last year to this year, according to preliminary data The growth of natural and grain-free pet food is not limited to the USA either, with the UK, the Czech Republic and Greece all showing notable 🐾 Pet Ownership Trends Over the Last Decade Pet ownership in the U. More people than ever The aim of this study was to assess the prevalence of pet ownership and the relationship between pet ownership and people’s socioeconomic positions examined at the Thailand’s pet market in 2024 is projected to be worth 75 billion baht, representing a 12. More than two million people adopted a pet during the UK’s pandemic Learn these details and more as we explore the data behind pet ownership in different countries. households that own I put together this article to help you truly understand what pet ownership statistics look like today, not just with numbers, but with real insight into how we live, spend, and care for our animals. In this comprehensive guide, we'll explore current pet ownership statistics, regional trends, and the factors driving the continued growth of pet companionship worldwide. Uncover fascinating insights about the growing world of loveable pets in our homes and hearts. Demographic changes, rising income levels and the Covid-19 pandemic have driven more people to adopt pets. In 2023, around 6 million dogs or cats were adopted, which is two-thirds of the number o Those born in the 2000’s are emerging as a a key growth driver of the pet market, showing a 39. Japan’s pet industry showcases rapid growth and cultural shifts, reflecting a deepening bond between people and their pets. The report, presented at Global Pet Expo, highlights pet ownership growth, evolving consumer behaviors and emerging challenges in In our view, households may be economizing on pet food by 'trading down' or shopping at the grocery store, while the growth in pet insurance may be mitigating vet spending. The percentage of U. 3% for cat households and 3. In the 2023-2024 d parenthood. 4% growth year on year, according Growth in pet ownership is somewhat slower in Canada than in the USA, with a compound annual growth rate (CAGR) of 0. Analyze the expansion of the global pet industry, fueled by rising pet ownership and premium pet care trends. has come a long way over the past decade, growing from 56% in 2011 to 66% in 2025. Find out some pet-focused business opportunities. households own a pet of some species, according to the most recent American Pet Products Association (APPA) National Pet Owners Survey. Discover why a generational shift and the increased importance of pets in their owners’ lives could affect growth in pet services and products in coming years. 3% for dog households between 2019 and Among spending categories, pet services such as animal health are expected to be the main driver of growth, more than doubling to $112 billion In 2025, 94 million U. S. 5% Non-owners and previous owners Despite the growth in ownership, housing constraints and costs are key barriers holding back would How is pet ownership changing? And how are financial pressures impacting on consumer spending and on the pet food market as a whole? A . Explore the latest 2025 pet ownership trends and statistics. Dogs have reached their highest numbers yet after taking a dip last year while the number of cats continues to increase incrementally.