Pet Industry Statistics 2024 By Revenue, Market And Region

Introduction

Pet Industry Statistics: In recent years, the worldwide pet industry has grown significantly. From domesticated animals such as cats and dogs to exotic creatures like birds and reptiles, the demand for various pet products like bedding, food, health products, toys, and accessories has seen a skyrocketing increase in demand. People’s thinking towards pets has changed recently; as mentioned in Pet Industry Statistics, the majority of Americans consider their pets as their children.

This is the primary reason which has positively affected the overall pet industry. Pet Food is the highest-selling category in the worldwide pet industry. Let’s check out the overall insights with 2024 data based on the various categories.

Editor’s Choice

• Pet food and treats have been reported to be the most sold category in the US in the last five years.
• Pet Industry Statistics 2023 shows that 82% of pet owners in the millennial generation consider their pets to be children in the US. Gen X, Gen Z, and Baby Boomers also agreed to the same statements, representing 75%, 70%, and 67% of owners, respectively.
• In March 2023, around 37.2% of shoppers who went to pet stores and generated sales were 25 to 44 years old. With a minor difference, 37.1% of shoppers are aged between 45 and 54.
• As of 2024, revenue generation in the Pet food segment in the worldwide market is projected to amount to US$151.10 billion.
• In the Pet health products segment, Dietary supplements and natural health products have grown significantly, making up 15% of the global market.
• The pet food segment in the American market is estimated to reach a revenue of US$57.57 billion.
• The global pet supplements market was valued at approximately US$3 billion in 2024 and is expected to grow to US$5 billion by 2027, with a CAGR of 10%.
• North America and Europe produced the highest amount of pet food in 2023, contributing 11.34 million metric tons and 10.97 million metric tons, respectively.
• In 2024, the global pet bedding market was valued at approximately US$5 billion, with projections indicating it could reach US$ $7 billion by 2027, growing at a CAGR of 6%.
• In the current year, most of the revenue is expected to be generated from the United States of America, which will contribute US$59,740 million.

Overall Pet Industry Statistics

(Reference: statista.com)

Overall, Pet Industry Statistics show that, in the last five years, sales of pet food & treats have been reported to be the most selling category in the US. Other services have been the lowest-performing category in a similar period. As of 2023, around US$32 billion, US$12.3 billion, US$38.3 billion, and US$64.4 billion sales were recorded, respectively, for supplies, live animals, & OTC medicine, other services, vet care and products, and food and treats.

US Consumer Pet Spending as a Percentage of Income By Generation

(Reference: statista.com)

Baby boomers are the leading generation with the highest spending on their pets, representing 0.96%, compared to other generations. With minor differences, the silent gen and millennials contribute 0.75% and 0.72% in the similar category. Gen X has been reported to be spending less in all generations.

Pet Store Revenue Generation By Age Group

(Reference: statista.com)

In March 2023, around 37.2% of shoppers who went to pet stores and generated sales were 25 to 44 years old. With a minor difference, 37.1% of shoppers are aged between 45 and 54. On the other hand, the older generation contributed the least in the same category, representing 17.6%.

Consumers Viewing Pets as Children in the US By Generations

(Reference: statista.com)

Pet Industry Statistics 2023 shows that 82% of pet owners in the millennial generation consider their pets to be children in the US. Gen X, Gen Z, and Baby Boomers also agreed to the same statements, representing 75%, 70%, and 67% of owners, respectively.

Leading Pet Supplies Online Stores in the US By eCommerce Net Sales

(Reference: statista.com)

As of 2023, chewy.com was the leading online store in the pet supplies category in the US. The brand generated a revenue of 11,147.7 million US dollars. Other leading brands in a similar category are petsmart.com, walmart.com, shein.com, and carmax.com, each of which recorded more than US$500 million in net sales in eCommerce.

Pet Food Market By Region

Worldwide

• As of 2024, revenue generation in the Pet food segment in the worldwide market is projected to amount to US$151.10 billion.
• Pet Industry Statistics estimate that the pet industry’s annual growth rate will be 5.26% between 2024 and 2029.
• Furthermore, in the current year, most of the revenue is expected to be generated from the United States of America, which will contribute US$59,740 million.
• In 2024, the average volume per person is projected to reach 6.8kg.
• The volume is estimated to reach 60.80 billion by the forecast period, with a 2.5% volume growth by 2025.
• Compared to the global population, the per-person revenue is expected to amount to US$19.50.

Africa

• Revenue generation in the African market is estimated to amount to US$2.66 billion between 2024 and 2029.
• Furthermore, the annual growth rate for the same in a similar market is estimated to be 9.62%.
• As of 2024, the average volume per person is estimated to be 1.2kg.
• The volume growth is projected to be at 6.0%, with 2.13 billion kg volume reach by 2029.

Asia

• As of today, the revenue is expected to be valued at US$23.40 billion in the Asian market.
• In addition, the CAGR rate between 2024 and 2029 is projected to be at 6.82%.
• The volume is expected to reach 11.91 billion by the forecast period, with a 5% volume growth in 2024.
• The average volume per person is anticipated to be 2.1 kg in the current year.

Americas

• Pet Industry Statistics 2024 shows that the pet food segment in the American market is estimated to reach a revenue of US$57.57 billion.
• In addition, between 2024 and 2029, the CAGR is projected to reach 5.25%.
• In 2024, the average volume per person is projected to reach 25.5kg.
• The volume growth is projected to be 2.1%, with a volume of 29.92 billion kg by 2029.

Australia and Oceania

• In 2024, the revenue is projected to amount to US$3.64 billion in the Australia and Oceania markets.
• The annual growth rate is projected to reach 3.39% between 2024 and 2029.
• The average volume per person is projected to reach 30.4kg in 2024.
• The volume is estimated to reach 1.45 billion kg by 2029, with a volume growth rate of 2.2% by 2025.

Europe

• Currently, the revenue in the European pet food market is projected to amount to US$42.82 billion.
• The projected CAGR between 2024 and 2029 in the similar segment is 4.21%.
• The average volume per person in the pet food market in 2024 was 17.2 kg, and the volume is expected to grow to 15.38 kg by 2029.
• The volume growth rate is projected to reach 1.3% by 2025.

The volume of Pet Food Worldwide

(Reference: statista.com)

Pet Industry Statistics on pet food reveal that, as of 2024, the volume of pet food is projected to reach 52.86 billion kilograms. Based on similar market projections, it is expected to increase significantly to 60.8 billion kilograms by 2029. Overall, over the last five years, the global pet food market has been recording a notable growth in volume.

Revenue of Pet Food Market By Country 2023

The United States generated the highest revenue in the pet food market in 2023, contributing 57,384.64 million US dollars. China and the United Kingdom ranked second and third in the same category, with revenues of US$7,419.96 and 7,224.56 million US dollars, respectively.

(Source: statista.com)

Sales of the Leading Wet Cat Food Vendors in the US

(Reference: statista.com)

Pet Industry Statistics show that, in 2023, in the US, the Nestlé Purina PetCare brand recorded the highest number of sales, contributing 2,466 million US dollars. However, Mars Petcare, Post Consumer Brands, and other ranked best-wet cat food brands are far away from Nestlé.

Pet Toys

Pet Industry Statistics reveal that the global pet toy market was valued at approximately $12 billion in 2024. It has grown steadily, with a 5% annual growth rate from the previous year. The pet toys market in the United States accounts for a significant portion of this, accounting for $3.5 billion. The U.S. market has seen a growth rate of around 4% in 2024, driven by increased pet ownership and spending on premium and interactive toys.

Interactive and tech-enabled toys are the fastest-growing segment, representing 20% of the total market, reflecting the trend toward more engaging products for pets. Sustainable and eco-friendly toys are also gaining traction, making up 10% of the market in 2024, as consumers prioritize environmentally friendly options.

Overall, the pet toys market continues to expand globally, with the U.S. leading in both market size and innovation in product offerings.

Pet Health Products

The global pet health products market is valued at $30 billion in 2024, reflecting a strong 6% annual growth rate. The market in the United States accounts for approximately $12 billion of this total. The U.S. market has seen a 5% growth rate in 2024, driven by increased spending on pet wellness and preventive care.

Dietary supplements and natural health products have grown significantly, making up 15% of the global market. This shift towards holistic care reflects consumers’ focus on preventive health measures for pets. Flea and tick products remain the largest segment, representing 35% of the market, followed by grooming and hygiene products at 25%.

Thus, Pet Industry Statistics conclude that the demand for premium and specialized pet health products continues to rise, driven by pet owners’ growing awareness of pet health and wellness needs.

Share of Pet Owners in the US with Pet Insurance By Generation

(Reference: statista.com)

As of 2023, Gen Z is the top generation that prefers to purchase health insurance for their pets, representing 42% of them in the USA. Comparatively, millennials and Gen X represent 31% and 17%, respectively. Only 13% of pet owners in the baby boomers’ club have taken pet health insurance.

Household and Pet Care – Estimate Global Sales Value By Sales Channel

(Reference: statista.com)

As of today, supermarkets and neighborhood stores are the leading channels for household and pet care sales. However, Pet Industry Statistics estimate that by 2026, e-commerce will take the lead, contributing US164.4 billion of projected sales. On the other hand, pharma and health, cash & carry/club, and other non-food specialists are projected to see a stagnant level.

Pet Food Production Worldwide By Region

(Reference: statista.com)

North America and Europe produced the highest amount of pet food in 2023, contributing 11.34 million metric tons and 10.97 million metric tons, respectively. Latin America is ranked third largest pet food producer country, with more than 8 million metric tons. Other regions that contributed less than 5% included Asia-Pacific, Oceania, Africa, and the Middle East.

Pet Bedding

In 2024, the global pet bedding products market is valued at approximately $7 billion, showing a steady growth rate of 4% from the previous year. The U.S. market represents a significant portion, with a value of $2.5 billion. In the United States, the market has grown by 3% in 2024, driven by increased demand for comfortable and durable bedding options for pets.

Premium bedding, including orthopedic and memory foam beds, accounts for 30% of the market, reflecting pet owners’ willingness to invest in their pets’ comfort and well-being. Eco-friendly and sustainable bedding products are gaining popularity, making up 10% of the market as consumers prioritize environmentally responsible choices.

Overall, the pet bedding market continues to expand, with a focus on quality and sustainability driving growth, especially in the U.S. market

Worldwide Pet Furniture Market Value

(Reference: statista.com)

The global pet furniture market is projected to reach 3 billion by 2025. Compared to other segments in the pet industry, it is experiencing slower growth. As of today, it is valued at US$2.85 billion.

US Pet Furniture Market Value By Product Type

(Reference: statista.com)

In 2024, pet beds and sofas have captured the largest market share in the US, at US$371.5 million, followed by houses at 292.4 US dollars and trees and condos representing 229.6 US dollars. Overall, all these furniture types will see significant growth in each segment by 2025.

Pet Housing

The global pet housing market will be valued at $5.5 billion in 2024, growing at a rate of 4% from the previous year. In the United States, the market size is approximately $1.8 billion, with a 3% growth rate in 2024.

Premium pet housing products, including insulated and weather-resistant options, account for 25% of the market, reflecting pet owners’ emphasis on providing comfortable living spaces for their pets. Portable and collapsible housing solutions are also on the rise, making up 15% of the market, driven by increased demand for convenience and travel-friendly options.

The market continues to grow steadily, with a focus on quality and innovation in pet housing products, particularly in the U.S.

Pet Supplements

In 2024, the global pet supplements market will be valued at $3.5 billion, with a growth rate of 7% compared to the previous year. In the United States, the market size is approximately $1.2 billion, reflecting a growth rate of 6% in 2024.

Health-focused pet owners are driving this growth, with supplements for joint health, skin and coat care, and digestive support being the most popular. Joint health supplements alone make up 35% of the market, while skin and coat supplements account for 25%.

The demand for natural and organic supplements is also rising, making up 20% of the market, as consumers increasingly seek out products with clean, natural ingredients. The pet supplements market is set for continued growth, particularly in the U.S., where awareness of pet health is high.

Pet Grooming

In 2024, the global pet grooming market is valued at $15 billion, with a growth rate of 5% from the previous year. The U.S. market is a major contributor, valued at $5 billion, with a 4% growth rate in 2024.

The demand for premium grooming products, such as organic shampoos and conditioners, is strong, making up 30% of the market. Grooming tools like brushes and clippers account for 20% of the market. Mobile and at-home grooming services are also gaining popularity, representing 15% of the market, as convenience becomes a key factor for pet owners.

Overall, the pet grooming industry is expanding steadily, with a focus on quality products and convenient services driving growth, especially in the U.S.

Consumer Trends in The Pet Industry Are Expected For 2025 And Beyond

The pet food market is expected to experience significant growth in 2025 and beyond, driven by increasing awareness among pet owners about the importance of nutrition and health for their pets. The trend toward premium and organic pet foods is likely to continue, with more consumers willing to spend on high-quality, natural ingredients. The market is also expected to see a rise in the demand for personalized and customized pet food tailored to the specific dietary needs of pets.

In 2024, the global pet food market was valued at approximately US $125 billion, and it is projected to reach over US $150 billion by 2027, growing at a CAGR of around 5%. Consumers are increasingly seeking transparency in ingredients and sourcing, leading to a rise in demand for sustainable and ethically produced pet foods. Plant-based and alternative protein sources, such as insects, are also gaining traction as environmentally friendly options.

The pet toys segment is expected to continue growing, with an increasing focus on interactive and mentally stimulating toys. As pet owners become more concerned about their pets’ mental and physical health, there is a growing demand for toys that provide both entertainment and enrichment. Technological advancements are likely to lead to more smart toys that can be controlled via smartphones, offering pets a more engaging experience.

In 2024, the global pet toys market was valued at around US $15 billion. This figure is expected to rise to US $20 billion by 2027, with a CAGR of 6%. The market is also witnessing a trend toward sustainable materials, with more toys being made from recycled or biodegradable materials to meet the growing consumer demand for eco-friendly products.

The pet health products market is anticipated to see substantial growth as pet owners prioritize their pets’ well-being. The increasing prevalence of chronic conditions such as obesity and diabetes in pets is driving demand for health supplements, specialized diets, and other health-related products. Preventative care, including vitamins, supplements, and dental care products, is expected to be a key area of growth.

Pet Industry Statistics estimate that, by 2027, the pet health products market is projected to reach over US $25 billion, up from US $18 billion in 2024, growing at a CAGR of approximately 7%. The rise of telemedicine for pets is also expected to contribute to the growth of this market, making it easier for pet owners to access healthcare advice and products.

Pet grooming is becoming an essential part of pet care, with an increasing number of pet owners recognizing the importance of regular grooming for their pets’ health and well-being. The market is expected to grow as demand for grooming products, including shampoos, conditioners, and grooming tools, rises. Mobile and at-home grooming services are also becoming more popular, driven by convenience and the growing trend of humanizing pets.

Pet Industry Statistics show that the global pet grooming market was valued at around US $10 billion in 2024 and is expected to reach US $15 billion by 2027, with a CAGR of 8%. There is also a growing trend toward natural and organic grooming products, reflecting the broader consumer movement toward clean and green products in personal care.

The pet bedding market is expected to see continued growth as pet owners increasingly look for comfortable, durable, and aesthetically pleasing bedding options for their pets. There is a growing demand for orthopedic beds for older pets, as well as beds that blend seamlessly with home decor. Sustainable and eco-friendly materials are becoming more popular in this segment, driven by consumer demand for environmentally responsible products.

In 2024, the global pet bedding market was valued at approximately US $5 billion, with projections indicating it could reach US $7 billion by 2027, growing at a CAGR of 6%. Customization is also expected to play a significant role in the future of this market, with more consumers seeking personalized bedding solutions for their pets.

The pet housing market is expected to grow steadily, driven by pet owners’ increasing tendency to provide dedicated living spaces for their pets. This includes indoor houses, crates, and outdoor kennels that are both functional and stylish. As the trend of pet humanization continues, there is a growing demand for luxury pet houses that offer comfort and style.

The global pet housing market was valued at around US $4 billion in 2024 and is projected to reach US $6 billion by 2027, with a CAGR of 5%. The market is also seeing innovation in terms of materials, with an increasing focus on sustainability, as well as smart pet housing solutions that integrate technology for monitoring and controlling the environment.

The pet supplements market is poised for strong growth as more pet owners turn to supplements to support their pets’ overall health, manage chronic conditions, and improve quality of life. Supplements for joint health, skin and coat care, and digestive health are particularly in demand. The market is also likely to see growth in CBD-based supplements, which are becoming increasingly popular for managing anxiety and pain in pets.

The global pet supplements market was valued at approximately US $3 billion in 2024 and is expected to grow to US $5 billion by 2027, with a CAGR of 10%. The trend toward natural and organic ingredients is also expected to continue, reflecting broader consumer preferences in the human supplement market.

Conclusion

In summary to Pet Industry Statistics, the worldwide pet industry is set to experience robust growth across all segments in 2025 and beyond. Key drivers include the increasing humanization of pets, the growing emphasis on health and well-being, and the rising demand for sustainable and eco-friendly products.

These trends are expected to contribute to a dynamic and expanding market with significant opportunities for innovation and growth.`

Ketaki Joshi

Ketaki Joshi is an experienced tech writer who specializes in gadget usage statistics. She excels at analyzing and reviewing the latest tech trends and newly launched devices. Ketaki creates insightful and easy-to-understand articles for websites and newsletters. Previously working at a French multinational company, she now follows her passion for writing. Her first short story, “The Envelope That Changed Our Lives,” is available on Amazon.

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