The performance of the pet industry is influenced by two key factors: economic conditions and pet ownership trends. While the “pets as family” mindset and focus on pet health continue to thrive, economic challenges facing U.S. pet owners create a tough market environment. Post-pandemic inflation and the trade policies of the current administration have brought a level of uncertainty not seen since the Great Recession. Additionally, stagnant growth in the pet population poses another obstacle, although this trend may reverse as more Gen Z adults enter the pet ownership market.
Assuming economic conditions remain stable, Packaged Facts predicts steady growth for the industry over the next five years. The primary challenge—and opportunity—for businesses in the sector lies in addressing economic concerns by ensuring pet care remains affordable. Supporting this goal are trends like the appeal of "Made in the USA" products, home-centric offerings, feline-focused items, premium goods, personalized services, and the adoption of AI-driven efficiencies—all of which can help stabilize and sustain the market.
Scope of the report:
This report analyzes current and projects future retail sales and trends across the U.S. pet industry. It examines collectively and separately four sectors of pet products and services – pet food, non-food pet supplies, veterinary services, and non-medical pet services – paying particular attention to the market impact of the economy, omnichannel and omnimarket strategizing, and consumer mindsets and purchasing patterns.
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