Amid the COVID-19 pandemic, American pet moms and dads have actually spent more cash than ever on their animal companions, exceeding over $100 billion in sales for the very first time in industry history.
Pets, felines and other animals continue to supply solace to their human beings throughout the COVID-19 pandemic– and they’re being rewarded with gifts. In reality, the quantity of money Americans are spending on pet materials, food, treats, vet care and products has increased substantially given that the start of 2020, and they’re showing no signs of slowing down. Recently, the American Pet Products Association (APPA) revealed that the animal market has reached over $100 billion in annual sales, the highest level in market history.
“We have actually reached a critical turning point, generating $103.6 billion in sales,” said Steve King, President and CEO of APPA. “This past year presented a host of obstacles that resulted in consumers throughout the country relying on their animals for convenience and friendship. Remarkably, the product patterns we are seeing in the family pet care community mirror those of consumers– a desire for a much healthier way of life, increased concentrate on fitness, relying on supplements for improved well-being, and innovation playing a bigger function in daily life.”
Other patterns from this year’s APPA report included:
For more details about APPA and its yearly State of the Industry Report, visit americanpetproducts.org/press_industrytrends.asp.
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