Consumers spend near $100 billion on pet products and services
Steve King, CEO of the American Pet Products Association (APPA), announced that U.S. sales of pet products and services are nearing $100 billion for the first time, as 2019 spending reached $95.7 billion. The announcement came during Global Pet Expo, the largest annual pet products trade show presented by APPA and the Pet Industry Distributors Association (PIDA). APPA’s pet industry expenditures encompass spending in four major categories: Pet Food & Treats; Supplies, Live Animals & OTC (over the counter) Medicine; Vet Care & Product Sales; and Other Services.
The overall sales figures are higher than those in previously reported industry expenditures, which is a result of APPA’s efforts to refine and improve its research methodology. In some cases, categories have been revised to include services or products that were previously excluded as reliable data was difficult to obtain. Current figures are based on a review analysis of the most recent data from the top three research firms studying the pet industry – Nielsen, Euromonitor and Packaged Facts – combined with insight from industry experts and leading pet retailers, confirming underlying data.