Pet Spending Higher Than Ever with an Estimated $58.5 Billion in Spending in 2014

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:

appa

Click here to view the full press release. 

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s