Pet industry expenditure in the United States reached over 147 billion U.S. dollars in 2023. It should be noted that the source used a new research methodology from 2018, therefore, direct comparisons to previous years should be avoided. The increase in the household penetration rate for pet-ownership in the U.S. could partly explain the rise in pet industry expenditure over the years. In 2023, some 66 percent of American households owned one or more pets, in comparison to a 56 percent pet-ownership rate in 1988.
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APPA. (May 14, 2024). Pet industry expenditure in the United States from 1994 to 2024 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/253976/pet-food-industry-expenditure-in-the-us/
APPA. "Pet industry expenditure in the United States from 1994 to 2024 (in billion U.S. dollars)." Chart. May 14, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/253976/pet-food-industry-expenditure-in-the-us/
APPA. (2024). Pet industry expenditure in the United States from 1994 to 2024 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/253976/pet-food-industry-expenditure-in-the-us/
APPA. "Pet Industry Expenditure in The United States from 1994 to 2024 (in Billion U.S. Dollars)." Statista, Statista Inc., 14 May 2024, https://www.statista.com/statistics/253976/pet-food-industry-expenditure-in-the-us/
APPA, Pet industry expenditure in the United States from 1994 to 2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/253976/pet-food-industry-expenditure-in-the-us/ (last visited November 22, 2024)
Pet industry expenditure in the United States from 1994 to 2024 (in billion U.S. dollars) [Graph], APPA, May 14, 2024. [Online]. Available: https://www.statista.com/statistics/253976/pet-food-industry-expenditure-in-the-us/