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Pet sector contributed US$260. 5 billion to US in 2021 U S pet owners spent the most on pet food and treats, which accounted for US$50 billion of the US$93 95 billion spent directly on pets in 2021 Consumer expenditures on pets also generated public revenues from local, state and federal taxes of US$23 4 billion “Science proves that animal companionship benefits the physical and mental well-being of the American population, and this data
Pet spending continues to run high despite rising inflation Almost half (46%) of pet owners say they spend the same or more per month on their furry friends as on their children, according to a recent survey of 988 pet owners by Ally Consumer Research