Pet & Animal Care - Executive Summary Q2 2019

Published on: 05/20/2019

Robust US pet expenditures, fueled by pet humanization and the subsequent heightened demand for food and health products that promote pet lifespan extensions, are expected to continue in 2019. Spending in the industry is expected to reach $75.4 billion in 2019, representing 3.9%year-over-year growth, according to the American Pet Products Association. The Food (~$31.7 billion) and Veterinary Care (~$19 billion) segments are projected to account for the majority 67.2% of total expenditures in 2019.

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