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The US pet product industry recorded sales worth over 100 bn dollars in 2020. This was the figure announced by the American Pet Products Association (APPA) during the Global Pet Expo Digital Access show.
"We have reached a critical milestone, generating 103.6 bn dollars in sales," said Steve King, president and CEO of APPA. "We are bullish for the coming year, projecting growth of 5.8 per cent - well above the historical average of 3 to 4 per cent." 22.1 bn dollars were spent on supplies, live animals and OTC meds, a 15.1 per cent increase from 2019. Sales of pet food and treats increased by 9.7 per cent to 42 bn dollars while sales of veterinary care and products went up by 7.2 per cent to 31.4 bn dollars.
While 8.1 bn dollars were spent on other services such as grooming, dog walking and boarding, this was a 21.4 per cent decline from the previous year. As quarantine is lifted and consumers venture out again, the use of these services is expected to rise.
"We have reached a critical milestone, generating 103.6 bn dollars in sales," said Steve King, president and CEO of APPA. "We are bullish for the coming year, projecting growth of 5.8 per cent - well above the historical average of 3 to 4 per cent." 22.1 bn dollars were spent on supplies, live animals and OTC meds, a 15.1 per cent increase from 2019. Sales of pet food and treats increased by 9.7 per cent to 42 bn dollars while sales of veterinary care and products went up by 7.2 per cent to 31.4 bn dollars.
While 8.1 bn dollars were spent on other services such as grooming, dog walking and boarding, this was a 21.4 per cent decline from the previous year. As quarantine is lifted and consumers venture out again, the use of these services is expected to rise.
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