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2 clusters · 7 sources · 4 days · First seen · Last updated

Global pet industry and ownership trends

Overview

Global pet ownership involves significant financial commitments. In the United States, annual spending on pets is approximately $168 billion, with pet food representing about one-third of that total. There is a notable trend toward fresh pet food, including minimally processed, raw, or freeze-dried diets. In Australia, owners spend up to $377 per month, primarily on food and insurance, with many continuing to prioritize care despite rising costs.

In the US, the industry is experiencing a shift toward cat ownership, which grew by 5% in 2025. This trend is linked to the affordability of cat care and suitability for smaller living spaces. While dog food sales have seen a decline, companies like General Mills have reported double-digit growth in cat food sales. Additionally, the pet services sector—encompassing grooming, boarding, and training—is expanding, with spending projected to reach $14.9 billion in 2026.

Entities

American Pet Products Association · Chewy · Canstar · General Mills · US Census Bureau

Timeline

  1. [BUSINESS] 5 sources
    US pet industry sees growth in cat ownership and services

    Cat ownership and pet service spending are driving growth in the US pet industry, with cat-related sales rising as total industry spending reached $158 billion in 2025.

  2. [BUSINESS] 2 sources
    Pet ownership costs and food trends rise in US and Australia

    Pet owners in the US and Australia face significant costs, with Americans spending $168 billion annually and Australians spending up to $377 monthly on pets, driven largely by food and insurance.

Sources

amcny.org · bookedin.com · businessmag.com.au · dvm360.com · formosadeportiva.com.ar · globalpetindustry.com · petnews.com.au