Most pet owners anticipate necessities like food and healthcare will rule their budgets next year, according to a recent report. Results show 84 percent of dog and cat owners expect to spend the most on food. Most pet parents will spend that on standard dry or wet food, with 80 percent confirming this is what they already feed their pets.
- 17 percent said that they cook for their pet
- 16 percent usually buy gourmet and/or subscription food services
- Younger generations* are the most likely to splurge on premium selections.
*21 percent of both millennials and Gen Z
Source: Pet Business, August 31, 2021. Link.
INSIGHTS: We noted the report was generated from a survey of 1,000 pet owners. Read the full survey findings here.