Pet Industry Tops $34.4 Billion, Says APPMA Study
U.S. pet owners spent a total of $34.4 billion on their pets
in 2004, and are projected to spend $35.9 billion in 2005, according
to a new survey by the American Pet Products Manufacturers Association
(Greenwich, Conn.). That means Americans now spend more on pet
supplies than on toys ($20 billion) or candy ($24 billion).
These are just some of the findings in the “2005-2006
APPMA National Pet Owners Survey,” which provides the
inside scoop on pet ownership, consumer demographics, purchasing
behavior and market trends across all pet categories.
“The strong growth in the industry demonstrates what
an important role pets are playing in the lives of Americans,”
said Bob Vetere, APPMA’s managing director. “They
have become a part of the family. Spending across all sectors,
from pet food and veterinarian care to toys and treats, reflects
what lengths we are willing to go to for our pets.”
Vetere cited an increase in the number of pet-owning households
as one of several factors to drive steady growth in the pet
industry. A total of 69 million U.S. households owned a pet
in 2004, versus 64.2 million households in 2002 and 51 million
in 1988, according to the APPMA survey.
Altogether, Americans own approximately 139 million freshwater
fish, 90 million cats, 73 million dogs, 18 million small animals,
16 million birds, 11 million reptiles and 9 million saltwater
fish, the survey said. By comparison, Americans owned 185
million freshwater fish, 78 million cats, 65 million dogs,
17 million birds, 17 million small animals, 9 million reptiles,
and 7 million saltwater fish.
Vetere noted that baby boomers filling empty nests with pets
and young couples spoiling pets rather than starting families
contributed to growth within the industry. Furthermore, high-tech
products such as timed feeders and restraint systems made
it easier for a larger cross-section of people to keep pets.
“The innovative thinking of entrepreneurs has made
owning and spending time with pets more enjoyable and easier
than ever before,” Vetere said.
Here are a few highlights from the comprehensive survey:
-
Eight out of 10 dog owners and six out of 10 cat owners
buy gifts for their pets. They spend an average of $17 per
gift.
-
The market for weight-control foods grew 25 percent, making
it the fastest growing segment of the pet food industry.
-
The market for pet treats has increased significantly: 88
percent of dog owners, 75 percent of small-animal owners,
73 percent of bird owners and 65 percent of cat owners give
their pets treats.
-
Nine percent of cat owners and 3 percent of now use homeopathic
remedies for pets, up from 2 percent for both in 2002.
-
The person most responsible for purchasing pet products
is a 46-year-old woman.
Conducted every two years, APPMA’s consumer research
study examines demographics, buying habits and other traits
of U.S. pet owners of dogs, cats, fish, birds, small animals
and reptiles.
For more information on the survey, visit www.appma.org.
[June 2005 PET AGE]
| PET SPENDING IN 2005 |
| Experts predict that Americans
will spend more on their pets this year than they
have ever spent before. |
|
| CATEGORY |
PROJECTED SPENDING
(in billions)
|
| Pet food |
$14.5 |
| Supplies and over-the-counter medications |
$8.8 |
| Veterinary care |
$8.6 |
| Live animal purchases |
$1.6 |
| Other services |
$2.4 |
2005-2006 APPMA National Pet Owners Survey
|