40 Percent of US Households Own a Dog
The pet industry recovered nicely from a slight slowdown last fall and winter, and continues to exhibit strong and resilient growth patterns.
The overall industry reached $36.3 billion in the U.S. in 2005, according to the APPMA, up 5.5 percent from 2004, and up 27 percent since 2001.
Segments in 2005 that beat earlier estimates include food ($14.7 billion), veterinary care ($8.7 billion), and services like grooming and boarding ($2.5 billion).
The APPMA estimates that 63 percent of households own a pet of some sort, and that 39.2 percent of American households own 74 million dogs.
Market Research Report:
Check out the Pet Industry Strategic Outlook by Dillon Media.