Cute puppies. Kittens. Instagram dogs. Pet supplements, a smart cat litter box and specialty veterinary practices. Americans are spending more and more on their pets. U.S. pet spending hit $72 billion in 2018, an increase of more than $3 billion from the prior year. And with pet ownership on the rise, the industry could grow into an even bigger business. Here's how America's love for pets turned into big business.
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Americans spend more than $72 billion on pets—here's how dogs and cats became big businessFrom Wall Street to living rooms and backyards, pets are becoming a massive part of American life. Pet care has become a $72 billion industry in the United States. In fact, the population of dogs and cats is predicted to grow at a faster rate than of humans in American, according to one forecast. Here's how dogs and cats became big business.
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Americans spend more than $72 billion on pets—here's how dogs and cats became big businessFrom Wall Street to living rooms and backyards, pets are becoming a massive part of American life. Pet care has become a $72 billion industry in the United States. In fact, the population of dogs and cats is predicted to grow at a faster rate than of humans in American, according to one forecast. Here's how dogs and cats became big business.
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