How Much Does The Us Spend On Dogs: Unveiling The Canine Budget
Why Americans Spend So Much Money On Pets
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Which Country Spends The Most On Dogs?
Which country leads global spending on dogs and their care? In 2019, the United States emerged as the frontrunner in this regard, with American consumers allocating an impressive $162 per capita on pet-related expenses during that year. To provide a perspective on the gap, Britain secured a distant second place, where the average consumer spent a comparatively lower $93 per capita on similar products. These statistics, dating back to December 14, 2020, underscore the significant disparity in spending between the top two nations in the pet care industry.
How Much Is The Pet Industry Worth In Us?
As of June 13, 2023, the U.S. pet industry is valued at approximately $76.8 billion. This figure reflects the total worth of various pet-related businesses and services within the United States. Projections indicate that the industry is poised for continued growth, with a Compound Annual Growth Rate (CAGR) of 5.3% anticipated from 2020 to 2025. Likewise, on a global scale, the pet industry is expected to experience a comparable CAGR of 5.6% from 2021 to 2028. This upward trend underscores the increasing importance and expenditure associated with pet ownership worldwide.
Summary 36 How much does the US spend on dogs
Categories: Discover 49 How Much Does The Us Spend On Dogs
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Millennials make up the largest percentage of current pet owners (33%), followed by Gen X (25%) and baby boomers (24%). In 2022, Americans spent $136.8 billion on their pets, up 10.68% from 2021 ($123.6 billion). Dog owners spend an average of $730 a year on their dogs.Consumers in the United States spent the most on pet care worldwide in 2019 – Americans spent 162 U.S. dollars on a per capita basis on such products in that year. Britain ranked in distant second place, where consumers on average spent 93 U.S. dollars per capita.The U.S. pet industry is worth about $76.8 billion, and it’s expected to see a CAGR of 5.3% from 2020 to 2025. The global pet industry is expected to see a similar CAGR of 5.6% from 2021 to 2028.
| Dogs | Horses | |
|---|---|---|
| Number of households owning | 48,255,413 | 893,152 |
| Average number owned per household | 1.6 | 2.1 |
| Total number in United States | 76,811,305 | 1,914,394 |
| Veterinary visits per household per year (mean) | 2.4 | 1.6 |
Learn more about the topic How much does the US spend on dogs.
- Pet Ownership Statistics and Facts in 2023 – Forbes Advisor
- Pet care: spending per capita worldwide 2019 – Statista
- 30+ Powerful Pet Industry Statistics [2023]: Trends, Facts, And Market …
- U.S. pet ownership statistics | American Veterinary Medical …
- 15+ Insightful Pet Spending Statistics for 2023 – Fortunly
- The Netherlands: World’s First Country with Zero Stray Dogs – LinkedIn
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