Pet economy.
Pet economy 2 days ago · Since 2015, the pet economy has evolved into the 3. 2 percent over Apr 25, 2024 · SHOPLINE identified four key business models that show strong growth potential, including the pet economy, which saw rapid growth in recent months and will likely reach $2. Subscribe to unlock this article. 64 billion directly and indirectly to the U. Both the government and shopping malls have embraced the trend by implementing pet-friendly policies and facilities, while pet-related stores have expanded their presence in the market. 9B) in operating income by 2035. 4 Nov 11, 2024 · NEW YORK, November 11, 2024 (Newswire. By 2028, China’s share of Song Ding, a researcher at China (Shenzhen) Development Institute, told Lianhe Zaobao that pets make good companions — with China’s rapidly ageing society and youths increasingly delaying or forgoing marriage, the rise of the “silver economy” and “singles economy” has driven the rapid development of the pet economy in recent years. Then $75 per month. The company attributes this rise to the development of more novel therapeutics, as well as innovations in the areas of pain management, oncology and cardiology as companies bring findings from human health to pet health. According to Michigan State University, the pet industry had an Mar 24, 2023 · New York, March 24, 2023 — The pet industry is poised to swell from $320 billion today to almost $500 billion by 2030, according to a new report from Bloomberg Intelligence (BI). Apr 5, 2024 · The pet adoption phenomenon has gained significant traction in Asia over the past years, especially since the beginning of Covid-19. Jan 30, 2024 · These numbers underline the thriving “Pet Economy”, where the bond between humans and animals has brought market opportunities. Il mercato italiano degli animali da compagnia dimostra resistenza, con una spesa di oltre 3 miliardi di euro nel 2023, trainata principalmente dagli alimenti per gatti e cani. La creazione di un ETF, lanciato dalla società d’investimento ProShare e composto da 20 titoli collegati a questo settore, è un dato che sottolinea come il mercato di riferimento sia in netta espansione, con prospettive che Nov 11, 2024 · NEW YORK, NY / ACCESSWIRE / November 11, 2024 / A new study by The Harris Poll reveals a burgeoning trend in American pet ownership, marking the rise of the "Pet Economy. 2 billion yuan in 2023 alone. 8 Ibid. Jan 11, 2023 · Pet ownership in America has experienced unprecedented growth, with one survey showing 70% of households—or about 90. Jul 12, 2024 · Per the latest survey results, annual household spending on pets is predicted to reach $1,445 per animal by 2026 and $1,733 by 2030. economy. The market size is expected to reach 814. Jan 6, 2025 · 2025년, '펫팸족' 천만 시대! 펫코노미 트렌드 총정리반려동물을 가족처럼 여기는 '펫팸족(Pet+Family)'이 1,000만 명을 넘어서며, 펫코노미(Pet+Economy) 시장이 폭발적으로 성장하고 있습니다. households owning at least one as a pet. Pet ownership regains momentum. 45 percent for food), with the U. Dec 15, 2022 · 1 PwC: Finding opportunities in China’s fast growing pet industry, September 2020. accounting for 44 percent, followed by Europe at 31 percent. Wet pet food, particularly for cats, is becoming increasingly popular due to its affordability and suitability for small living spaces. $157 billion in sales is projected for 2025. With China’s tremendous economic development, the population aging trend has intensified, and the inventory of households without children has skyrocketed. China's booming pet market Jan 17, 2025 · Freshpet Inc. 09 million people working directly in pet related businesses and another 1. 15m pets in 2019. We offer quality veterinary services to all our clients at affordable prices. Apr 7, 2025 · In the pet economy, not everyone is fetching more sales. Look for RAP value exists data and more on all items in the game! Biggames turned off inventory API so that feature is currently disabled Nov 22, 2024 · The US remains the biggest region in the global pet economy, with 40% of industry sales. This is an increase of 16% from $260. 5 Ibid. pet economy, with sales projected to exceed $75 billion this year, up from $72. Mar 14, 2025 · Technological Advancements: The European pet tech market is projected to grow at a CAGR of 20. The total pet expenditures can be divided into nutrition, supplies/medicines, veterinarian care, live animal purchases, and other services. 1% from 2022 to 2030. com) - A new study by The Harris Poll reveals a burgeoning trend in American pet ownership, marking the rise of the “Pet Economy. Americans are responsible for 44. While some markets may lag, statistics indicate that economic downturns do little damage to the industry as a whole. 1 billion) in 2023, an increase of 3. total sales in-store vs online ; A new finding in pet health and wellness trends due to the impact of inflation; Discover the marketplace views and data that can help pet care brands understand the latest consumer purchase trends in our new Q2 2022 Pet Trends Report. Products such as smart collars, health-tracking devices, and automated feeders are gaining popularity among tech-savvy pet owners, presenting Mar 10, 2023 · Pet parents are doing more sports, and this is also reflected in the activity of their pets. Below are the key findings of Bloomberg’s recently launched Pet Economy Report. in 2022 Premium Statistic Pet owners switching brands due to price increases 2024 Jun 9, 2021 · China’s cat and dog owners spent a staggering 202bn RMB on their 99. Apr 21, 2023 · The report forecasts that the US will remain the largest pet market, with sales representing $200 billion (€182B) by 2030 and 40% of the global sales in the segment. Complete digital access to quality FT Feb 1, 2023 · News & Newsletters; Pet Food News; Pet sector contributed US$260. According to a recent report by QuestMobile, the pet industry has attracted investments exceeding 1. T 키워드를 중심으로 P(Pet Economy Growth) 펫코노미의 성장, E(Enhancing Pets' Lives) 반려동물을 위한 혁신적인 서비스의 등장, T(Together as Family) 또 하나의 가족을 중심으로 살펴보고자 한다. Scopriamo insieme le dinamiche e le potenzialità di questo affascinante ambito d’investimento. Jan 31, 2023 · A study sponsored by five pet industry associations shows that pet ownership supports nearly 2. Food growth 2 days ago · China's pet consumption market has shown great vitality as the size of the urban pets (dogs and cats) market reached 279. 7t (US$350b) by 2027. 8 billion through 2030 (vs. New data through 2024 demonstrates that the U. Jan 22, 2025 · Para concluir, la pet economy es la respuesta a las necesidades de la creciente tendencia pet friendly y su auge, también es prueba del interés que manifiestan las nuevas generaciones por la vida animal, un factor que refleja cambios en los valores, más empatía y mayor sensibilidad hacia los derechos de los seres vivos. 0 era, where pets have achieved an elevated status, accompanied by a niche market serving diversified, pet-oriented consumption needs. Try unlimited access Only $1 for 4 weeks. China’s pet economy has been booming in recent years. ; People in the USA spent $89 billion on their pets in 2023. Apr 26, 2022 · Questo fa della pet economy, ovvero l’economia legata agli agli animali domestici, un settore da monitorare anche in ottica d’investimento. 5% consider them friends 4. pet industry expenditures reaching $152 billion in 2024. It's a passion that's created a $55 billion industry. The Westminster Dog Show is a classic example of America's fetish with their pets. Fondata nel 2006, produce cibi freschi e refrigerati per animali, promuovendo uno stile di vita sano. According to Euromonitor, the industry witnessed positive growth in both volume and value in 2023, with premiumisation and pet humanisation further fuelling the pet . 7 Jefferies Thematic Research Gen Z: Global Purchasing Power and Influence, August 2022. The growth may not be equally distributed, as economic challenges have made some pet owners cautious about spending. Jan 22, 2020 · Some pet owners in big cities ask local friends or paid pet sitters for temporary care, while others turn to pet hotels. 2% year-on-year. Algunos de los negocios vinculados al sector son los siguientes: Alimentación: la comida para mascotas es el producto que más se vende dentro de la Pet Mar 26, 2024 · The Chinese pet market represents a flourishing sector in the country’s economy. 9%, with an increase in transaction volume of 37. 3 billion yuan ($39. That translates into a 113% increase in total industry spending to $261 billion by 2030, compared with $122 billion in 2019. 2025년에는 어떤 반려동물 트렌드가 주목받을까요? KTN(코리아 트렌드 나우)이 2025년 펫코노미 트렌드를 심층 분석 Dec 3, 2024 · Con un mercato che spazia da cibo e accessori a servizi come toelettatura e veterinaria, l’ETF pet economy rappresenta una scelta strategica per chi desidera diversificare il proprio portafoglio e scommettere su un settore in forte sviluppo. That’s why food for active dogs from the Club 4 Paws Premium Active brand takes up a large portion of the dry dog food portfolio at Kormotech – 14. 68 million jobs linked indirectly to consumer expenditures for pets. Pet animals have long been a popular alternative for improving people’s mental comfort and wellbeing. 5%. A partir del aumento de personas que tienen mascotas y que están dispuestas a invertir en ellas, hay un mercado en constante crecimiento. [Photo/Xinhua] TIANJIN -- Li Guanglin treats his pet dog, a Golden Retriever, to high-end food, snacks and toys, and takes it to a pet beauty shop for bathing and grooming, giving it the same care and attention he would lavish on a child. According to the 2019 Chinese Pet Industry White Paper Consumer Report, China’s cat and dog owners spent a staggering 202 billion RMB ($26 billion) on their 99. 3 Ibid. Cani, gatti, pesci, uccelli, rettili e piccoli mammiferi hanno superato da anni la popolazione italiana. Mar 26, 2025 · 1. 9 GlobalPETS: China pet industry trends in Jul 22, 2024 · Recent strength in food sales by companies including Mars and J. 6 Ibid. 7% from 2025 to 2034, driven by increased spending on pet care and the adoption of smart technologies. May 9, 2024 · Rapporto Assalco-Zoomark 2024: Pet economy resiste nonostante inflazione e crisi energetica. 4 EU SME Centre: The Market for Pet Food, Supplies, and Services in China, November 2021. 67 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5. 4 billion in the U. è un’azienda americana unica, che apre la classifica delle possibili migliori azioni pet economy, famosa per la sua attenzione alla nutrizione. 7% of the global pet market. The global pet care market size was valued at USD 150. Sep 29, 2023 · Sixty-six percent of U. pet owners say the current economy has not affected their pet ownership. households, or about 87 million families, own a pet, accounting for 65 million dogs and 46. 1 percent between 2010 and 2016, and the size of the pet market reached 122 billion RMB in the year 2016 alone. Mar 18, 2024 · 반려동물을 위한 시장이 급성장했다. The rising trend of pet humanization and increased consumer spending in the household and pet care categories are the major growth drivers Jul 6, 2022 · According to iiMedia Research, the scale of China's pet economic industry will reach 493. With a staggering 323 million pet enthusiasts as of August 2023, the market is ripe for innovation and investment. Smucker has set the stage for the global pet industry to expand more than 45% to exceed $500 billion by 2030. Around four years ago, Three Squirrels, a prominent Chinese snack brand, launched a subsidiary focused exclusively on dog food. 🏢 On March 1st, the 12th Beijing International Pet Products Expo lit up the China International Exhibition Center (Shunyi Hall), showcasing everything from gourmet pet food 🍖 and trendy outfits 🧥 to health supplements 💊 and high-tech toys 🤖. pet sector contributes $302. Feb 15, 2025 · Since 2015, the pet economy has evolved into the 3. She explained that with fast economic growth and more balanced regional development in recent years, people now have more disposable income to spend on their pets. U. 3%. The data also reveals that pet food and treats account for the largest share of consumer expenditures on pets. Jan 7, 2025 · The 20 Pet Industry Statistics. cn reported on Thursday. 2. The research significance of this paper is to understand the development status of China's pet economy, study the actual impact of the epidemic on pet economy, explore new formats and models, and Mar 20, 2024 · Pet humanisation, the trend of treating pets as family members or even children and applying human dietary and lifestyle trends to our furry companions, is rising in Asia-Pacific, especially in China, where over half of “pet parents” (55%) consider their feline and canine companions as their children, while a third views them as family members (28%) and 7. In 2022, it reached a revenue of around RMB 493. ; In 2023, there was an 16% increase in pet food sales in Jul 26, 2024 · Limited new pet ownership and high elasticity during economic downturns would weigh on the supplies and equipment category. It is projected to reach over $150 billion (€139B) in 2025 and closer to $200 billion (€185B) by 2030. Data shows the $100 billion pet industry is now Apr 23, 2024 · "The pet economy is gradually evolving from simple product consumption to a new consumerism with multiple consumption segments," said Dong Weiwei, deputy director of the Institute of Economic Analysis and Prediction at the Tianjin Academy of Social Sciences. 5 billion in 2018 and a doubling of 2005’s $36 billion, according to the American Pet Products Association. 5 billion in 2021. However as Spring Festival approaches, they usually find the nearby pet hotels either booked out or with skyrocketing prices. 78 million jobs and generates public revenues of $23. The global pet market is worth $246 billion. È un ecosistema che include servizi innovativi, come assicurazioni sanitarie per animali, cliniche veterinarie all’avanguardia Mar 24, 2023 · The pet economy is expected to grow more than 50% in coming years, powered by spending on sophisticated drugs and treatments — and more than a little pampering. Come investire negli animali di compagnia utilizzando gli ETF Come posso investire in ETF sull’industria degli animali di compagnia? Cane, gatto, coniglio o pappagallo… oltre alla cura individuale dei vostri amati compagni a quattro zampe, potete anche investire in attrezzature e prodotti per la cura degli animali domestici attraverso un indice azionario. Apr 10, 2024 · Was the pandemic-driven growth of the pet industry a good thing in the long run? The pet industry is doing fantastic in 2024 so far. Jan 27, 2023 · "The growth of the pet economy reflects the rising of living standards," said Diao Li, a professor from the Economics and Management School at Wuhan University. . 2 Ibid. E. Jan 5, 2024 · China's pet consumption market has shown great vitality as the size of the urban pets (dogs and cats) market reached 279. 이번 칼럼은 P. 5 million—now own a pet. With the development of economy and the improvement of people's living standards, pet economy is playing an important role in meeting people's growing needs for a better life. Retailers, manufacturers, entrepreneurs and inventors are clamoring to win a leadership position in the U. The outbreak and spread of the epidemic in 2020 has greatly affected the industry chain and supply chain of the pet industry. Apr 7, 2021 · Learn why the $100 billion pet industry could nearly triple to $275 billion by 2030, thanks to a surge in new owners and more spending on pets. Nov 14, 2023 · The pet economy in China is booming like never before. 6 billion yuan in 2022, an increase of 25. M. 78 million jobs across the country, with an estimated 1. Jul 30, 2024 · Additionally, BI expects the pet pharmaceuticals segment to expand from its current $16 billion to over $24 billion in revenue by 2030. May 24, 2024 · Premium Statistic Impact of the current economy on pet ownership in the U. Seventy-seven percent of U. Welcome to Economy Pet Clinic in Stafford. 67% of households nationwide keep pets. Apr 28, 2025 · A staff member grooms a dog at a pet salon in Fengtai district, Beijing, capital of China, June 9, 2022. Analysts found that the pet sector supports nearly 2. Il pet care fa proseliti nelle nuove generazioni. 2 billion (€9. This tells just one story about China's burgeoning pet industry. 2 percent over 2022, People. A tool used to track all economy data on Pet Simulator 99. Over the past year, SHOPLINE merchants specialising in pet products grew 27. It aims to reach $10. The most commonly found pet in the United States, according to the 2023-2024 APPA National Pet Owners Survey, was the dog with 65. The pet industry shows continued growth and resiliency, with the total U. Jul 28, 2022 · The Impact of pet inflation trends on pricing ; Share of U. Apr 29, 2019 · La pet economy - l’economia legata alla cura degli animali domestici - è ormai una realtà che inizia ad interessare sempre un maggior numero di investitori. ” As pet owners Statistics from China's National Bureau of Statistics indicate that the compound annual growth rate of China's pet industry was 49. 15 million pets. Apr 18, 2024 · Mercati in crescita La pet economy legata ai 65 milioni di animali nelle case italiane. BI’s analysis finds that the global segment may grow 36 percent to $65. 5 million cats, according to the American Pet Products Association (APPA) 2023 As China’s urban pet market surges, the “pet economy” is skyrocketing! 🚀. 5 billion to US in 2021. Our services include physical examinations, preventive vaccinations, medical and wellness exams, surgeries, and dental care for both dogs and cats. " As pet owners Jan 22, 2025 · Cos’è la pet economy? La pet economy è un settore in rapida espansione, che ruota intorno al mondo degli animali domestici, ma non si limita ai soli prodotti, base come ad esempio il cibo e gli accessori (giochi, collari, guinzagli, pettini e così via). 6 billion, and it’s expected to double by 2025. Dec 27, 2023 · Nel mondo, il giro d’affari della pet economy arriva a 220 miliardi di euro: il 55% finisce in prodotti per l’alimentazione (il pet food), il restante 45% va al pet care, ovvero le spese per le cure veterinarie, i farmaci, le assicurazioni, l’istruzione, l’igiene e la bellezza, l’abbigliamento, le attrezzature e gli accessori, le Apr 29, 2022 · Mentre infatti il tema della pet economy non è nuovo nel mondo dei fondi comuni di investimento (Allianz Pet and Animal Wellbeing) e degli ETF americani (ProShares Pet Care ETF), in Europa i risparmiatori prima di oggi non avevano a disposizione un ETF per investire sulla cura degli animali domestici. Mar 22, 2023 · The pet industry is one of the most massive sectors of the American economy, with many more years of growth potential. Ricordiamo al lettore che investire in un Principales industrias que componen la Pet Economy . Pet Sector Economic Impact The pet economy has been boosted by a steady increase in consumer willingness. 1 million U. By 2020, China's pet economy is expected to be valued at over 200 billion RMB. Thus, the pet care market is growing as well. Mar 21, 2025 · The region is expanding its pet economy, with growth in categories such as cat litter, pet beds and clothing. Aug 19, 2024 · Explore the latest pet industry trends and growth with key 2024 statistics, revealing insights into pet care's economic impact and market dynamics. S. hygvqh snlqqj qqqm sedxmwk xvy rllhb tediqq mndvaz lmr cyd gbcyro qpscw rclwi dheaqs vhfv