The U.S. pet market is growing strongly, and the market size will reach US$94.6 billion in 2025!

During the epidemic, people need to spend more time at home. In order to get warmth and companionship in their home life, many people began to choose to keep a pet and turned themselves into "poop shovelers".

The same is true for Americans. Data shows that many Americans have kept furry friends at home during the epidemic. Therefore, the US pet products market is also booming.

More importantly, with more and more young people joining the ranks of pet owners, the pet supplies market does not seem to be declining. Packaged Facts said that by 2025 , the US pet supplies market is expected to reach $47.9 billion, with a strong compound annual growth rate of about 6.6% .

According to the latest data from Packaged Facts , sales of cat food and dog food in the United States are expected to reach $37.1 billion this year , a 6.4% increase compared to the sales data in the same period of 2020. The utilization rate of cat food has increased from 39% in 2007 to 60% in 2021, and the purchase rate of cat food has increased from 49% to 60% during the same period.

David Spring , research director at Packaged Facts , said the COVID-19 pandemic has accelerated trends in pet product market investment, product development, marketing and retail , including updates to pet food formulas, increased demand for sustainable products , and the erosion of traditional sales point boundaries .

Earlier this year, Packaged Facts also shared insights into the pet supplies e-commerce space, where the top three sellers are Amazon, Chewy, and Walmart , Packaged Facts said.

At the same time , the agency also predicts that the U.S. pet supplies e-commerce market will continue to flourish. According to data from Packaged Facts , by 2025, sales of the entire retail pet supplies industry will reach $94.6 billion, and sales in the e-commerce field will account for 53% of the total market sales .

As the pet supplies market develops, competition in the field is becoming increasingly fierce. In order to retain customers, many physical pet supplies retail stores have begun to adopt a series of new ways to improve their competitiveness, including online purchase, in-store pickup, curbside pickup and fast delivery programs .

USA

Pet Market