Pet Industry Thrives in 2020 Throughout the Pandemic
While the U.S. and the world’s overall economy took a free-fall in 2020, U.S. pet food numbers grew 9.7 percent, adding $3.7 billion for a total of $42 billion for the year, according to the American Pet Products Association (APPA).
Those food sales accounted for about 40 percent of total pet care sales in the U.S., which reached a milestone of exceeding $100 billion ($103.6 billion), representing a 6.7 percent increase over 2019.
Here’s a breakdown from the APPA:
Pet Food & Treats $42.0 billion
Supplies, Live Animals & OTC Medicine $22.1 billion
Vet Care & Product Sales $31.4 billion
Other Services $8.1 billion
(Other Services include boarding, grooming, insurance, training, pet sitting and walking and all services outside of veterinary care)
Estimated 2021 Sales within the U.S. Market
For 2021, it estimated that $109.6 billion will be spent on our pets in the U.S.
Pet Food & Treats $44.1 billion
Supplies, Live Animals & OTC Medicine $23.4 billion
Vet Care & Product Sales $32.3 billion
Other Services $9.7 billion