A Look at the Top Trends and Technology in the Pet Care Industry
The pet care industry is a rocket ship that blasted off, cleared our atmosphere and shows no sign of reentry any time soon! In our fairly new, and ever expanding, pet friendly world… the amount of money proud pet parents are spending on their fur kids, bird buddies, scaly sons and daughters, hoofed homeboys, and every other type of animal that one can call a pet, is beyond comprehension. We think its a good idea that you all sit down for this part of our report… 2023 the pet care industry added 303 BILLION (with a B) dollars into the US economy. The kicker is, this was a 16% increase over 2022, and 2024 is looking as if it will smash last years records. Trends are showing that, if things continue at the present pace or even bigger, the Pet Care Industry will be a 550 BILLION (with a BIGGER B) dollar industry by 2032. It appears that taking care of the fur friends is immune from the economic woes and financial pinch we hear about every day. Lets be honest… Fido, Miss Kitty, Tweety, and Mr. Ed aren’t making their own doe-ray-mi… pet parents are willing to break their piggy banks to assure their pets feel, look, eat, play, travel, wear, and live their best life every day.
For some quick comparison… the US food service industry is forecasted to make 997 billion dollars in 2024. Our country spent 4.8 TRILLION dollars on human healthcare in 2023, and the travel industry made over 2 TRILLION dollars in 2023. So, the pet care industry has a long way to go to be in a grouping with these giants money makers… but there is hope for pets to catch up. There are over 330 million people in the US, compared to over 400 million pets. The pets have ground to make up to be in the same class as what humans spend on humans… but its possible that we’ll see a day in the near future where spending on our pets will enter the top 10 of all industries in this country.
So What IS the Pet Care Industry?
Great question and we’re glad you asked. Pet care involves all the practices, services, and products aimed at ensuring the health, well-being, and safety of domesticated animals. This wide definition includes:
As new needs, treatments, and indulges emerge in the marketplace, old standards are replaced by new lifestyle products that rival anything you can buy your flesh and blood human children. The world of pet supplies, and luxuries, has been “turnt up” and our pet loving society is wild about it all.
Who are the Giants in the Pet Care Industry
It’s a name of names you’ll easily recognize as Name Brands you’ve used most of your life, and some news companies that have launched (or bought) their own pet care divisions. Here are the top 5 corporations in the Pet Care World…
Keep in mind, there are over 17,000 “establishments” in the US that have their hands in the Pet Care World. This includes the mega monster companies we listed above, down to the single location or single product companies that provide things our pets need.
What is HOT in the Pet Care Industry Right Now?
What isn’t? But some of the fastest growing items in Pet Care are some things that might not have popped up on your pets radar… yet! But to keep up with the fuzzy Jones, you might want to get ready for some of this to be on your fur kids Christmas list this year.
Even more cutting edge new technology that you’ll see rising up in the ranks are things like:
The future in the Pet Care Industry is really becoming a blurred line with human care and comfort products. Who knows what innovative, creative, and life changing innovations are on the horizon.
We hope this look at the world of The Pet Care industry was eye opening, hope generating, and interesting to you. As the saying goes, the future is now. The future is also only bound by the limits of our minds. Who knows, one day they could come up with a language modulator that allows you and your pets to communicate verbally. Maybe a pill that cures Parvo, or an injection that recreates missing cartilage in joints of arthritic dogs that will last a lifetime. The longer our pets live, the better our lives will be. So strap in and point your eyes to the next chapter in Pet Care and Wellness!
That’s it for today’s Dog Blog. It’s like we spent a few minutes in a Pet Focused Epcot Center! We will be back next week with another look at the world of pets, and their human companions. Don’t forget that fall weather will bring the return of flu, Covid, and other transmittable illnesses. Be sure you know who your dog is playing with, that their boarding facility or training class is infection free. Dogs can carry illnesses on their fur that you can pick up with casual contact. Be safe, be cautious, and be careful.
Till we meet again next week, we hope you fall into September and enjoy the changing weather, carve out time for your and your pets together, that your stress and worries are light as a feather, that you don’t dress your pet in pleather… and that you always take the time to be Pet Friendly, FreddieSez!
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