Overall spending in the pet industry for 2013 exceeded early estimates coming in at an all-time high of more than $55.7 billion, a 4.5 percent growth over spending in 2012. Continuing to demonstrate its resilience, the pet industry is positioned positively once again as this year’s annual comprehensive spending and data report estimates overall spending for 2014 at $58.51 billion, a 4.9 percent growth over 2013. Helping fuel the growth, the pet marketplace continues to attract a stream of entrepreneurs introducing new products and investors infusing money into new and existing companies.
See below for a breakdown of spending across various categories:
Click here to view the full press release.