How big is the pet industry in Canada?
around US$7 billion
How big is the pet industry in Canada? The pet industry in Canada is worth around US$7 billion when food, supplies, and services are factored in. The Canadian pet food market is expected to grow at a CAGR of 4.3% by 2025.
How big is the pet care industry?
It’s estimated the US pet industry reached $99 billion in 2020. The industry is steadily growing, year by year. It grew from $97.5 billion in 2019 to $99 billion in 2020. That’s $1.5 billion in only one year!
How big is the pet industry 2020?
The pet industry reached a milestone in 2020, with total sales of $103.6 billion, a historic high, according to the American Pet Products Association (APPA) State of the Industry Report released last week. That marks an increase of 6.7% over 2019 retail sales of $97.1 billion.
How much is the pet industry worth 2021?
In 2021, $123.6 billion was spent on our pets in the U.S. Pet Food & Treats: Source: Nielsen Scan – 52 Weeks ending 12/28/2020 for xAOC+C and Pet Retail….Breakdown of pet ownership in the U.S. according to the 2021-2022 APPA National Pet Owners Survey.
What is the most common pet in Canada?
Number Pets in Canadian Households According to statistics from the Canadian Veterinarians, the most common pet in Canadian households is a cat. The second most owned pet in is the dog. There are 5.9 million dogs in the country.
How much is the pet food industry worth in Canada?
US$ 3.34 Billion
Canada Pet Food Market Size was US$ 3.34 Billion in 2021 The Canadian pet food market was distributed primarily through store-based retail channels, while the remaining pet food sales were distributed via e-commerce and Veterinary clinics.
Is pet care a growing industry?
Globally, the pet care market has grown to $261 billion in 2022; up from $245 billion in 2021. An estimated 6.1% compounded annual growth rate (CAGR), will catapult that figure to $350 billion by 2027.
What type of industry is pet care?
The US pet care services industry includes about 18,500 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $5 billion. The industry includes animal shelters.
What is the future of the pet industry?
For the first time, pet industry sales exceeded $100 billion, according to American Pet Products Association (APPA) 2020 State of the Industry Report. This tidal wave of spending is expected to continue for the near future. Morgan Stanley forecasts that pet industry spending will nearly triple to $275 billion by 2030.
Is the pet industry competitive?
Intense competition marks the pet food, pet care, and pet supplies landscape — especially mass merchandisers privy to high-volume sales, the luxury of lower margins, and scale. Two players, PetSmart and PETCO, account for nearly half of all online pet product revenue.
What is the most popular pet in the world?
Cats are the world’s most popular pets, outnumbering dogs by as many as three to one.
What is the most popular pet in Canada 2020?
From 2018 to 2020, the Canadian dog population continued to grow, increasing from 7.6 million to 7.7 million, while the population of cats stabilized. However, cats continue to outnumber dogs, with 8.1 million cats considered to be household pets in 2020.
How big is the pet food industry in Canada?
Pet food industry statistics for Canada show that it made $197 million in sales for wet dog food and $394 million for wet cat food. Online pet stores in Canada recorded only about 21.7% visits in 2020. The pandemic year brought an 18% upsurge in pet ownership in Canada. The average cost of owning a dog per year in Canada is $3,724.
How much do Canadians spend on pets each year?
Canadians spent over $9 billion on pets, pet food, and veterinary care in 2019. The growth of the pet grooming and boarding industry has grown by 3.7% per year between 2015 and 2020. Dental care is the second most common health issue for pets in Canada, but only 16% of pet owners are proactive about it.
How has the pet grooming industry grown in Canada?
The growth of the pet grooming and boarding industry has grown by 3.7% per year between 2015 and 2020. Dental care is the second most common health issue for pets in Canada, but only 16% of pet owners are proactive about it.
What is the future of pet care in Canada?
Pet care in Canada is expected to see steady growth over the forecast period, presenting many interesting business opportunities for players. The pet humanisation trends will continue to drive category growth, infiltrating not only pet food but also pet products, pointing to a new level of product development.