The American Pet Products Association (APPA), a leading trade association of the pet products industry recently RELEASED the annual industry-wide spending figures for year 2020. According to APPA, “the industry has reached over $100 billion in annual sales, the highest level in industry history.”
In 2020, Americans spent a record breaking $103.6 billion in sales of pet products and services with a projected growth of 5.8% for the coming year (historical average is 3 to 4%).
Total U.S. Pet Industry Expenditures in 2020:
- Pet Food & Treats: $42.0 billion.
- Veterinary Care & Product Sales: $31.4 billion.
- Supplies, Live Animals & Over-The-Counter (OTC) Medicine: $22.1 billion.
- Other Services: $8.1 billion (includes boarding, grooming, insurance, training, pet sitting and walking and all services outside of veterinary care).
RELATED:
PET INDUSTRY MARKET SIZE – 2019 (APPA):
Americans’ Pet Spending Reaches Record-Breaking High: $95.7 Billion (2.27.20)
https://www.prnewswire.com/news-releases/americans-pet-spending-reaches-record-breaking-high-95-7-billion-301012852.html
PET INDUSTRY MARKET SIZE – 2018 (APPA):
Americans Are Spending More on Pets Than Ever Before: $72 Billion (3.21.19)
https://www.prnewswire.com/news-releases/americans-are-spending-more-on-pets-than-ever-before-72-billion-300816835.html
PET INDUSTRY MARKET SIZE – 2017 (APPA):
Americans Spent $69.5 Billion on their Pets Last Year: More Than Ever Before (3.22.18)
https://www.prnewswire.com/news-releases/americans-spent-695-billion-on-their-pets-last-year-more-than-ever-before-300618209.html