U.S. sales of pet products and services hit $95.7 billion in 2019, the American Pet Products Association announced last week during Global Pet Expo. Pet food and treats is the largest spending category, followed by supplies; live animals and OTC medicine; vet care and product sales; and other services.
Source: APPA, February 27, 2020. Link. “Scientific research from the Human Animal Bond Research Institute shows that when you invest in your pets’ health, you’re investing in your own health,” said King. “Improved physical health and reduced feelings of loneliness and social isolation are just a few of the health benefits you’re like to experience by owning a pet.”
INSIGHTS: It is important to note that sales figures are higher than previously reported as a result of APPA’s efforts to improve its research methodology.