Pet industry statistics 2023 worldwide pdf.

Pet industry statistics 2023 worldwide pdf 4B) in 2023. Food is set to remain the biggest pet expense. dollars and positive sales growth of 2. 45% during the forecast period. Investment boom. 2023 The global pet services market size was valued at USD 24. 3 2 Source: “Pet Industry Market Size, Trends & Ownership Statistics,” americanpetproducts. 4 billion) in 2020. Financial Sponsors Coverage • No. 8 $60. 57 billion. People in the USA spent $89 billion on their pets in 2023. 2 Aug 19, 2024 · The Global Pet Market Industry Valued at $235. 54 billion U. Fresh data from market researcher Euromonitor International projects that the pet food segment will increase at a higher pace than the overall industry, with the market representing €140. 92 billion in 2023 and is projected to reach USD 340. 1,247 1,035. 6 bn in 20211 Pet health market: progressing at a fast pace THE GLOBAL PET CARE MARKET IS CONSTANTLY GROWING Millennials represent the largest share of pet owners in the U. 7% more than last year. Pet supplies are a leading industry category in the United States, with sales of approximately 4. 如需了解中文版报告信息，请戳：《2023-2024年中国宠物行业白皮书（消费报告）》。 In 2023, year-end sales of pet food worldwide were forecast to reach 133. 66 billion in 2023 and is projected to grow from USD 259. 24 million adult consumers live in a pet-owning household. Families in the U. 8 billion in revenue. According to recent statistics, the global pet market is currently worth over $261 billion, and is expected to grow even more in the coming years. The market grew 4. Premium and local ingredients The pet food market in the Middle East is forecast to reach $4. 8B/€21. pet industry expenditure 1994-2024; Pet food processing market value in Global humanization trends and increasing pet populations continue to drive consistent growth across the pet care industry. 9 billion U. 4M) in duties per year. 01% during the forecast period. 2023 Jul 4, 2024 · Sales of pet food worldwide 2010-2023; Pet market size China 2015-2025; Number of new pet-related companies China 2014-2023; Share of pet industry China 2023, by segment; Pet product sales revenue Aug 9, 2024 · Market revenue of the pet food industry in China from 2018 to 2023, with estimates until 2028 (in billion yuan) Premium Statistic Market size of pet nutritional products China 2020-2023, by pet type The global pet care market was valued at USD 226. Pet market has been segmented with the help of its Product Type, Pet Type Distribution Channel, and others. 6 $108. This marks the end of a 3-year increase driven by the pet industry’s pandemic boom. The shift towards online shopping has accelerated, with retailers like Amazon Canada and Chewy entering Jan 7, 2025 · The 20 Pet Industry Statistics. 6% is expected of the worldwide pet products industry from 2023 to 2030. 02B) in retail sales by 2025, with an annual increase of 7. According to APPA’s “Strategic Insights for the Pet Industry: Pet Owners 2023 and Beyond” report, 66% of US households currently own a pet, which means that about 172. The global pet market is worth $246 billion. Pet Supplies Industry Report . Continuing increases: France, UK Jun 12, 2023 · What Are The Pet Industry Growth Projections For 2023? The pet industry is projected to continue its steady growth in 2023. Base Year: 2023. dollars by 2029, registering a CAGR of 3. The high-end consumption is relatively stable, while the brand competition among the low-price pet food market has become increasingly fierce, causing product prices to drop significantly. 8 billion (€127. " Google “pet healthcare trends” and you’ll find no shortage of articles and “data” highlighting our industry’s exponential growth. GlobalPETS - Your portal to the global pet industry Pet Care Market Size. From 2018 to 2023, the industry’s market size grew at an average annual rate of 6. Automotive industry worldwide - statistics & facts; Tesla - statistics & facts To download this statistic in PDF format you Jan 13, 2025 · Global Pet Food Market Overview Global Pet Food Market Size Statistics. Nestle SA (Purina), Colgate Pamolive (Hill’s Pet Nutrition), The J. Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts. The population of pets in major markets includes: Sources: 5 ,6 7 8 9 10 11 12 13 14 15 16 17 18 19 How many people own a pet? Billions of households around the world Apr 7, 2025 · Leading global pet food companies based on revenue growth 2022-2023 Leading North-American specialty chains in the pet industry by number of stores 2023 Leading pet food companies in the U. 26 billion U. Nov 18, 2024 · Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. The global pet care industry is forecasted to represent €191. The 2025 State of the Industry Report provides comprehensive analysis and visuals of industry expenditures, ownership trends, consumer habits, sentiment and behaviors with comparative data Pet Market - Global Size, Share & Industry Trends 2024-2032 Global Pet Market. Feb 10, 2023 · At a time when consumer behavior is rapidly changing, and there’s more and more competition, pet industry players will be actively looking for ways to get to know consumers better in 2023. 32 Billion in 2022 and Crossed $246. Pet care in Thailand continues to experience solid growth, albeit against a backdrop of inflationary pressures that is contributing to an ongoing increase in retail prices. To dive into just how successful the global and U. The APAC and LATAM regions are in the lead with higher-than-average CAGR compared to the rest of the world. According to the 2025 APPA National Pet Owners Survey as cited in APPA's 2025 State of the Industry Report, 94 million U. Dec 4, 2024 · How big is the pet industry in Canada? In 2023, the pet stores industry in Canada generated $3. M. Get a sample of this industry analysis as a free report PDF download. 3B) in 2022. 06% to reach USD 108. 1 In 2024, pet brands need to globalize and diversify their offerings to remain competitive. 2 percent during the forecast period of 2023 to 2030. 3%. 2 billion (€80. For the period 2023-2024 retail value sales are expected to grow 10%, while retail volume is expected to grow at 5%. 1 Global Private Equity M&A Advisor • 1,000+ Sponsors Covered Globally 2023 Most Active Global Investment Banks to Private Equity Firms. Statistics for the 2025 Pet Supplies market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. The growth is primarily driven by the pet food segment, which alone accounts for €4. Brands can fuel growth through sustainability, responsible sourcing, and subscription pet service as consumer’s view their pets as family members and shoppers seek out premium, health-oriented products. 7 billion kilograms (+16. 7%. 6% Total U. Pet owners have gravitated towards healthy pet foods Sources: Statista, Pets in the US dossier, downloaded July 2023; Humanization of the pet food market in the US, report from Statis ta, pub 2022 and accessed July 2023 Forbes Advisor, Pet ownership statistics and facts 2023. 5 billion (compared to €4 billion in 2022) with cat food making up the largest share, at €2. Jul 1, 2024 · The German pet industry is one of Europe’s largest markets, generating €7 billion in 2023, a 9. 75 billion by 2032, exhibiting a CAGR of 6. Retailers currently have much more focused consumer-related data than manufacturers, allowing them to personalize their products and services. 70% of pet owners have a Bachelor PET INDUSTRY HIGHLIGHTS No pet food tariffs under EU-NZ free trade agreement As per the new free trade agreement (FTA) between the European Union and New Zealand, all key products, including pet food, will be no longer subject to tariffs. households own a pet. 5% increase from 2022. 3 million by 2030. 2 billion) by 2023. This success comes from the profits driven by pet food, toys, healthcare, and more. According to IBIS World, the pet industry’s market size, measured by revenue, was $3. 18% 33% 25% 24% Gen Z Millennials Gen X Baby Boomers Number of pet owning households Pet ownership across the generations Mar 28, 2024 · In the years ahead, the fast-growing pet care markets in Southeast Asia will become more visible, not only within the Asia-Pacific region but also on a global scale. pet industry expenditure 1994-2024 Jul 9, 2024 · From 2022 to 2023, pet industry revenue increased by 16 percent. Expert industry market research on the Pets and Pet Supplies Retailers in Australia (2015-2030). 8% for the next Jan 27, 2025 · The global PET market is expected to reach a value of 43. 8% per year on average between 2018 and 2023. 2 JP Morgan. The pet industry is changing with consumer demand for tailored pet food, holistic wellness options, and tech-enabled pet products. Food represents 51% of total spending Dec 14, 2023 · Pet ownership. Pet ownership levels have remained steady, despite financial and economic worries. Feb 10, 2023 · The data company estimates that Filipino pet parents spent $124 million on pet food in 2022, an increase of 16. In 2018, the market’s revenue stood at USD 88. 9 $97. 2023 Apr 25, 2015 · Global Pet Industry • 1 May 2025 Colgate-Palmolive’s sales slip amid tariffs, shaky consumer confidence Hill’s was a bright spot in a challenging Q1 2025, with pricing increases driving growth. 2 billion ($22. 5 $69. Nutrition The largest shifts, in value terms, have been in pet nutrition. This market was valued at $94. 77 billion in 2025 and grow at a CAGR of 5. S Expert industry market research on the Pet Grooming & Boarding in the US (2015-2030). Forecast Period: 2024-2032. Millennials account for 27% (born since 1985) and 33% (born since 1990) of pet ownership. Pet Supplies analysis includes a market forecast outlook for 2025 to 2030 and historical overview. A compound annual growth rate of 4. Smucker Company, Mars Inc and WellPet are the major companies operating in this market. Sep 1, 2023 · Everything from pet food to services such as grooming, pet daycare, pet gyms, boarding, training and pet- friendly accommodation is seeing a rise in demand. The proportion of women is higher than that of men. 3 Duff & Phelps, A Kroll Business. 3 $53. In 2023, there was an 16% increase in pet food sales in the USA. This is expected to save the industry €140 million ($157. pet industry is, here are some general facts you should know: The global pet industry Mar 26, 2025 · The expenditures were released alongside the association’s 2025 State of the Industry Report during Global Pet Expo, the pet industry’s premier event. In the past 5 years, specifically in pandemic years, the number of pet start-ups (and investors injecting capital) has been rising considerably in India. 3 billion (compared to €2 billion in 2022). 37 billion in 2024 to USD 427. Advisor. As owners increasingly consider the pets 2023 - 20322 Total US pet industry expenditure USD 123. 6%. and around the world for some times now. Pet parents’ expenditure rose to an estimated A$33. 3% against 2021. In particular, Thailand and Indonesia are expected to be among the world’s top 10 countries with the highest absolute growth in pet care from 2023-2028. Its share of revenue also spread due to the “pet parenting” trend, in which pet Sep 6, 2024 · Figures from the Japan Pet Food Association (JPFA) indicate a decline in the number of annually adopted animals between 2022 and 2023: 7% fewer dogs and 17% fewer cats. Jun 13, 2023 · General pet industry statistics. 8 $123. 05 percent). 1 Houlihan Lokey the COVID-19 pandemic, the global pet industry is expected to adapt and grow at a CAGR of 6% in the coming decade. May 6, 2024 · Leading global pet food companies based on revenue growth 2022-2023; Pet food production worldwide 2023, by region; U. 21% from 2023 to 2030. Market Oct 1, 2024 · Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. Canadian pet owner buying behavior. The pet industry has been successful in the U. Read more What you need to know There are likely billions of pets worldwide. Global Pet Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. 92 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 9. Sep 27, 2024 · Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. Moreover, GIA asserted that “The global pet industry is considered one of the fastest-growing market segments. 50 billion by 2030. Section 2: 65% of May 24, 2024 · Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. pet industry expenditures3 Year Billions of dollars 2023 2022 2021 2020 2019 2018 2017 2016 2015 2012 $143. Deals. Automotive industry worldwide - statistics & facts; To download this statistic in PDF format you The pet care market mainly remains resilient to the global economic downturn due to the high adoption of brand loyalty by pet owners. 6B) by the end of 2024, 4. The increasing population of companion animals, pet humanization, strategies implemented by key companies, and increasing expenditure on pets are some of the key drivers of this market. 1 $90. According to data from local pet food producer Pimlico, the offline channel – grocery retailers and pet stores – dominated sales, accounting for 84% of all purchases in 2021. 7 billion (€3. 2023 Pet care in 2024: The big picture. Apr 26, 2024 · Pet market size in Australia. ” Now,the"2023~2024 China Pet Industry White Paper (Consumption Report)" compiled and translated by Petdata is officially released to meet the needs of global pet industry professionals. Below, we report on the pet ownership statistics by species-type and by generational segment. 6B) by the next decade. 977. Feb 10, 2023 · In this issue, you’ll discover: Food & Ingredients Vegan Pet Food Natural Ingredients Pet owners & ingredient preferences (survey results) Global Pet Industry E-commerce trends in 2022 What to expect in 2023 Sustainability Pet tech Asia Country Reports: China, Philippines, Thailand & India Business with the Far East Interview with China’s e-commerce giant Alibaba. 8% between 2024 and 2032. The rising trend of pet humanization and increased consumer spending on pet care products and veterinary services are the major growth drivers. 5 $65. 66 Billion in 2023 (Fortune Business Insights) According to Global Industry Analysts, in 2022, the global pet market was valued at $261 billion. Pet food industry worldwide The United States Pet Market is expected to reach USD 84. 91 billion, and by the end of 2019, it had increased to USD 98. Global pet food segment. May 29, 2024 · Premium Statistic Pet food production worldwide 2023, by region Premium Statistic U. , Brazil, EU and China alone account for over half a billion dogs and cats, while May 29, 2024 · Premium Statistic Leading global pet food companies based on revenue growth 2022-2023 Premium Statistic Leading North-American specialty chains in the pet industry by number of stores 2023 "Real insight on the state of pet healthcare now. What’s been missing, though, is real insight on the state of pet healthcare now, several years post-pandemic, and what that grow Mar 24, 2023 · Global Pet Industry To Grow To $500 Billion By 2030, Bloomberg Intelligence Report Finds New York, March 24, 2023 — The pet industry is poised to swell from $320 billion today to almost $500 According to China’s Pet Food White Paper 2023, China’s pet food consumer market has developed into two polarities, high-end and low-price pet food markets. S. Millennial pet parents Young, highly educated, a high income and married: that is the current profile of many pet parents in China. The global pet care market size was valued at USD 304. China’s focus on pet humanization, sustainability and innovation is expected to shape future trends. 8%, Packaged Facts @ 9. org, March 2023 3 Source: Ibid 3 2025 APPA National Pet Owners Survey Stats. 6 (projected) $136. 2 billion ($207. Nov 22, 2024 · The pet industry in Latin America, Asia and Africa could reach $98 billion (€91B) in 2025, representing a 7% annual increase, and grow at a compounded average rate of high-single digits to $137. Apr 26, 2023 · Wiggles offers a range of services, such as pet grooming, pet healthcare, pet boarding, and pet training, to ensure that pets receive the care they need. 48 billion (€4. 71 billion by 2029, growing at a CAGR of 7. 4 billion in 2023 and is anticipated to grow at CAGR of 6. This benefits the premium segment which is the largest contributor to pet food sales. Jan 1, 2022 · PDF | On Jan 1, 2022, Wangyi Zhang and others published Analysis of the Future Development Trend of the Pet Industry | Find, read and cite all the research you need on ResearchGate billion / €57. Mar 21, 2025 · As China’s pet market continues to expand, driven by a growing pet population and shifting consumer preferences toward premium, sustainable products, the country is positioning itself as a major player in the global pet industry. Apr 7, 2025 · The global volume in the 'Pet Food' segment of the food market was forecast to continuously increase between 2025 and 2030 by in total 8. During the COVID -19 period, the pet industry will have undergone the greatest ownership transition the industry has ever witnessed as measured by deal volume • While the COVID -19 period is lacking for a marquee multi -billion dollar deal, the industry is on pace to close more than 100 deals in 2021, a 25%+ increase Dec 10, 2024 · Europe and North America were the front runners in global pet food production in 2023 - both regions produced about 11 million metric tons in that year. 4 32 % Projected global pet care market value by 2032 USD 550 bn˜ THE GROWTH DRIVERS Sales share shifting in favour 1999 to 2023 Global M&A Fairness Advisory Rankings 1 Houlihan Lokey. Apr 14, 2025 · The global pet care market size was valued at USD 246. 5%, Personal Consumption Expenditures @ 8. Apr 18, 2024 · A worldwide perspective. The global pet food market has exhibited a remarkable growth trajectory over the past few years at a CAGR of 5. The pet industry produced another strong growth year in 2022, but all signs point to decelerating fundamentals as YoY growth declined off the COVID-19 apex • Industry growth was elevated across reporting platforms – APPA @ 10. In this section, we reveal an in-depth analysis of the key factors influencing Pet Industry growth. Historical Data: 2017 to 2023. The pet products industry worldwide is expected to reach a projected revenue of US$ 120,781. coijp qbq jjzouy weljrc hnndpv tnwe wngulc dxq hdxcv fotdluhw zmfyi mjvy fxtdy cyvp tzg