Faced With Shutdowns The Pet Industry Gets Creative Amid The Pandemic The pet care industry is a $6.5 billion industry. july 13 webinar. zeus is going to help me illustrate the need for the two businesses featured on the july 13 webinar featuring pet necessities. That translates into a 113% increase in total industry spending to $261 billion by 2030, compared with $122 billion in 2019. a pet's best friend generational shifts will increasingly factor into growth, as 34% of respondents—particularly those aged 18 to 34—said they intend to get a pet compared with 28% in 2022.
Pet Industry Boom Cnn Listen to audio version. the global pet care market size was valued at usd 246.66 billion in 2023 and is projected to grow from usd 259.37 billion in 2024 to usd 427.75 billion by 2032, exhibiting a cagr of 6.45% during the forecast period. north america dominated the pet care market with a market share of 33.81% in 2023. New york, march 24, 2023 — the pet industry is poised to swell from $320 billion today to almost $500 billion by 2030, according to a new report from bloomberg intelligence (bi). 6. smart pet technology. the integration of technology into pet care is one of the most innovative trends in the industry. global market insights forecasts that the global pet technology market will reach $35 billion by 2032, expanding at a cagr of 15 percent. This spring, the insurance company nationwide notified thousands of pet owners that it was discontinuing their coverage, leaving them scrambling to enroll in new plans that excluded the pets.
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