To modern-day humans, pets have become fully-fledged family members. Hence, it’s no wonder then that pet spending statistics show a huge surge in expenses regarding pets. Owning a pet is nothing less than rewarding, yet it comes at a great cost. So, think twice before adopting an animal or bringing it as a gift to someone’s house-warming party.
In this article, we’ll present to you some of the most crucial stats and facts to help you decide whether or not you should embark on an adorable little adventure called — pet ownership.
Top 10 Key Pet Spending Statistics for 2021
- The global pet market expenses will exceed $350.2 billion by 2027.
- Americans spent $103.6 billion on their pets in 2020.
- Owning a dog will cost you $1,500–$9,900 annually.
- 67% of US households are pet owners.
- Delaware pet owners invest in their pets the most — $311.90 spent every month.
- Germany is the country with the largest number of dogs in the European Union –– 10.1 million.
- In 2020, the global pet clothing market was worth $5.1 billion.
- Amidst the pandemic, 27% of Millennials were spending more money on their pets.
- Cats are known for being low-maintenance, with an annual total spending of just $162.
- Taking your dog with you on an international flight could cost you $800–$7,000
Results of Pet Industry Market Research
How much do consumers spend on their pets? Which is the biggest pet food company in the US? How much are American pet parents willing to spend on their fur babies?
1. According to projections, the global pet market expenses will exceed $350.2 billion by 2027.
For one, an increasing number of people are paying more for their pets’ insurance due to veterinary services getting more expensive. Moreover, the demand for expensive animal services, such as mobile grooming, is increasing rapidly, adding to.
What is more, the internet abounds with online pet shops, contributing to spending even further.
2. Total spending on pets in the US amounted to $103.6 billion.
As stores have significantly benefited from the convenience of online sales, expanding the market share and the number of faithful customers quite considerably, the spending market in 2020 looked like this:
- Vet care and pet product sales — $31.4 billion
- Pet food and treats — $42.0 billion
- Supplies, pets (animals), and OTC medicine — $22.1 billion
- Insurance, grooming, and other services — $8.1 billion
3. Pet ownership statistics by state indicate that Delaware pet owners invest in their pets the most — $311.90 spent every month.
Each month, US citizens spend $126.19 on their animal friends. However, the figures vary drastically when we look at the expenses state by state. At a monthly average of $311.90, it is clear that Delaware pet owners are the most generous towards their beloved pets.
On the other hand, Idaho owners turn out to be the thriftiest ones, with an average pet expense of just $20 per month.
Pet spending by state depends on a type of pet, too. For instance, fish are king in Ohio ($288 per month), while Washington D.C. residents spend a bit less ($270) on doggos.
4. Pet industry statistics from 2019 show Mars Petcare Inc. was the biggest pet food company in the US, based on the revenue.
Mars Petcare Inc. had revenue of a whopping $18 billion, making it the leader among pet food companies. Nestlé Purina PetCare was close behind, with an income of $14 billion.
5. PetSmart is the leading pet retail chain in North America. The company currently owns 1,650 stores.
As of February 2021, PetSmart has 1,650 stores, followed by its competitor Petco with 1,550 stores in the US. PetSmart offers various animals for sale or adoption.
Besides cats and dogs, you can also buy or adopt birds, fish and reptiles. In addition to that, the company offers dog training, pet grooming services, and pet hotels.
6. Based on the pet spending statistics projections, the European market will witness an annual growth rate (CAGR) of 4.8% by 2026.
(Mordor Intelligence) (Statista)
Europe is one of the leading pet food industries on the planet, together with North America. For example, in 2019, North America managed to produce about 8.8 million metric tons of pet food. Europe matched that amount as well.
Germany and the UK have a 4.9% share of the global pet product market.
The leading players in the European Pet Food market are companies like Mars Inc., Nestle SA (Purina), Colgate Palmolive (Hill’s Pet Nutrition), WellPet, and J.M.Sucker (Big Heart).
7. The US pet food market size is expected to witness a CAGR growth of 5.2% by 2026.
When it comes to the highest-selling pet products in the US, pet food is the ultimate winner. In 2020 alone, about $42 billion was spent on pet food.
This trend is expected to continue in 2021 as well, and the numbers should reach $44.1 billion.
Pet Ownership Statistics for 2021
How many households own a pet? Let’s take a look at which countries are dog, i.e. cat countries, so to say.
8. Germany is the country with the largest number of dogs in the European Union –– 10.1 million.
Brits come in second as proud dog owners, with 9 million pooches. Poland, France, and Italy belong to the top five best countries for dogs too.
9. According to pet ownership statistics from 2019, cat owners make the greatest share of the European pet owner market (42.4%), followed by dog owners (30.8%).
The increase in the number of cat owners could be explained by the continuous growth of the aging cat population. Meaning, for the time being, the best-selling pet food is none other than cat food, whereas the sales of dog, bird and fish food have reportedly been dropping.
10. U.S. pet ownership statistics imply that 67% of households are pet owners.
In other words, 85 million families have a pet (or more) at home.
Dogs are still American’s favorite choice. 63.4 million households own a dog, followed by 42.7 million households that own a cat, 11.5 million who own a fish, and 5.7 who own a bird.
Interestingly, 4.5 million households are reptile owners, whereas only 1.6 million households are horse and saltwater fish owners.
Pet Spending Statistics & Pet Species
How much money do people spend on their pets overall, and which pets are most expensive to care for?
11. How much money do dog owners spend on their dogs? Owning a dog will cost you $1,500–$9,900 annually.
(The Spruce Pets)
For example, dog owners have to consider the basic costs that include
- food and treats ($250–$700),
- toys ($25–$50),
- leashes and collars ($20–$50),
- grooming ($30–$500),
- veterinary care ($700–$2,000),
- and medications and supplements ($200–$600).
Not to mention that you need to consider training classes that can cost up to $300, dog walks ($20 per walk), and pet sitting ($100–$300).
12. The most expensive dog breed to care for is Samoyed, pet ownership statistics from 2020 indicate.
Samoyed is the most expensive dog that will cost you $14,000 and maybe even apply for a loan (and even get approved with poor credit). These beautiful and mischievous dogs are not only rare, but they are also prone to health issues like cardiac disorders, corneal dystrophy, and autoimmune conditions.
They could potentially become too expensive to care for, with therapies costing well up to $5,000.
13. Cats are known for being low-maintenance, with annual pet expenses of just $162.
(All About Cats)
If we look at the yearly expenses, cats are kings. According to estimates, the average owner spends $277 on kitten supplies. Still, for each year that follows, the owner will spend merely $162 on average.
The most expensive cat breed is the Savannah cat, with costs ranging from $1,500–$50,000. This is mostly due to the purchasing price.
Nevertheless, regular veterinary check-ups, even when the cat is not showing the symptoms of an illness, top-notch food, and some toys, would add several hundred dollars to the annual pet spending.
14. As far as US pet healthcare spending is concerned, hamsters are some of the most budget-friendly pets around.
(We’re All About Pets)
You can buy a hamster at an affordable price of just $10 to $20. However, you will need a decent cage right away, and you can expect it to cost anywhere between $30 and $75.
Still, unlike most other pets, you won’t have to vaccinate your hamster, take them to the vet, conduct dental check-ups, or parasite treatment, etc., which will keep your personal finances in check.
15. The initial costs of getting a pet rabbit can reach $700.
When it comes to spending on pets, rabbits require a small fortune (believe it or not). You can expect to invest anywhere between $220 and $700 on the bunny itself, the necessary supplies (a cage), as well as some basic pet accessories.
If you also opt for spaying/neutering the bunny, that will require an additional $250. Later on, you can expect reasonable monthly costs — anywhere between $50 and $100.
16. Monthly pet expenses for horse owners are astronomical (to say the least).
Owning a horse is relatively expensive, so think before you leap. There are many expenses to think of, such as barn maintenance and veterinary care costs, which are drastically higher than those of small pets.
First of all, the average annual cost is $3,876 per horse, whereas the median cost is $2,419. Next, the minimum part of the income an owner must set aside for average monthly pet expenses is around $200 (up to $325). And lastly, the cost of the food itself accounts for almost ⅓ to ½ of the money spent by horse owners.
17. The price of a pet snake ranges from less than $100 to over $1,000.
(Pet Place) (The Richest)
The price of reptiles varies based on factors such as species or age. Yet according to recent pet industry statistics, the purchase price of a lizard doesn’t exceed $150. In fact, there are even those that cost merely $15.
As for snakes, reportedly, the most expensive reptile in the world is the Lavender Albino Ball Python, with an outrageous purchase price of $40,000!
18. During the very first year of owning a tarantula, the owner is likely to spend anywhere between $105 and $325, pet statistics denote.
(Beyond the Treat)
The years that follow are usually cheaper and require just $30–$90 a year. So, what is it that makes the first year the most expensive?
To begin with, it’s the purchase price of a tarantula, which can vary from $20 to $150. Moreover, you require a terrarium straight away, and owners have to pay around $30 to $50 for it.
19. $350 is the annual cost of keeping an iguana, pet spending statistics show.
Iguanas require commitment and care as any other pet, and the expenses are not negligible. Most probably, you will have to pay $100 to $125 for its annual veterinary care, $100 to $125 for different kinds of supplies, and $50 to $100 for food.
20. Global pet grooming industry statistics reveal the market for pet grooming products amounted to $10.6 billion.
In the US alone, the pet grooming products market reached $2.9 billion.
Based on the predictions, by 2027, the pet grooming market in China, Japan, and Canada is expected to have a CAGR growth of 8.9%, 3%, and 4.3%, respectively.
7 Pet Expenses You Didn’t Even Think Of
Here are some interesting facts and stats on pet spending you probably did not take into consideration when you were deciding on having a pet.
21. Pet sitters in the US make an average of $36,573 per year.
Pet sitters in the US usually charge $12.14 per hour, i.e., $125 per day for their services. That said, the price will also depend on the duties and the location.
22. The global pet clothing market is worth $5.1 billion, based on the pet clothing industry statistics.
(Fortune Business Insights) (NRF)
Amidst the pandemic, the global pet clothing market witnessed a growth of 8.11%.
In a similar fashion (pun intended), it’s estimated that by 2028 the global pet clothing market will be worth $7 billion.
Speaking of fashion apparel and statistics, the 2020 annual survey shows that 18% of Americans dressed their pets during Halloween. The most popular pet costume was a pumpkin, followed by a hot dog and a superhero.
23. An average cost of dog boarding amounts is $40 per night, kennel pet boarding statistics show.
Having to go on a business trip all of a sudden and having no one to look after your pet is not uncommon. If you opt for such a service, you will most likely need it for more than just a single night. For a week of dog boarding, you will have to pay around $150.
24. Spending on pets increases if you are too busy to walk your pet — the average price for a 15-minute walk for one dog is about $15 to $17.
When it comes to pet spending, a 40-minute walk costs between $18–$22 for just one dog, whereas longer walks (over 40 minutes) go anywhere between $22–$27. Every additional dog will cost you an extra $10.
25. Pet statistics report taking your dog with you on an international flight could cost you $800–$7,000.
The cost depends on the dog’s type, the traveling regulations, the destination, and the airline company.
For example, dogs under 15 pounds can travel with you in the cabin, while larger dogs need to travel in the airline’s cargo department. The cost also includes document fees that start at $150.
26. Pet industry trends for 2021 show the supplements market is slowly taking the center stage.
In 2020, pet supplement sales generated close to $800 million, which is 21% more than in 2019.
That said, the pet supplements market is expected to witness a CAGR growth of 6.4% by 2027, amounting to $1.05 billion.
The current trending pet supplements are dog probiotics, vitamins, catfish oil, and CBD (the fastest-growing pet supplement category).
27. Who spends the most on their pets? Amidst the pandemic, 27% of Millennials were spending more money on their pets.
(Money) (Pet Food Industry)
Millennials, also known as Gen Y, followed by 21% of Gen X and 8% of Boomers who spent more money on their pets during the pandemic.
Overall, 72% of pet owners claimed that their furry friends helped them reduce stress levels during the pandemic.
The survey also shows that 21% of owners spent more money on their pets during the pandemic, while 64% spent the same amount of money. 15% of owners reported spending less money on their pets.
How much money do people spend on their pets annually?
Americans spend about $111 per month, i.e., $1,332 per year on their pets. But first, pet owners spent about $176 on adoption fees and initial supplies.
Cats and dogs are the most popular pets, so naturally, the expenses differ. For example, dog owners spend an average of $442 per year on dog food, while cat owners spend an average of $329 on cat food.
How much does the average person spend on their dog per year?
Dog owners spent about $1,201 per year. To narrow it down, dog owners will have to spend about $442 on dog food, $241 on vet care, $122 on grooming, and $109 on other supplies.
On top of that, some additional expenses include pet insurance ($62), pet apparel ($59), dog sitting ($48), training ($38), and dog walking ($17).
Who spends the most on their pets?
Men spend more money on their pets than women, i.e. $136.99 vs. $116.61 per month. Next, we have married couples that spend about $132.36 per month. The single spend more ($128.73) than people living with a partner ($124.30), or widows ($105.75).
The divorced ($102.40) and separated ($69) are not considered big spenders compared to the ones above.
When it comes to age, the biggest spenders are people aged 18-24.
They spend an average of $173.67 per month on their pets, followed by 25 to 34-year-olds ($141.50), and 35 to 44-year-olds ($107.85).
How much money do pet owners spend on their pets in the US?
In 2021, US citizens are expected to spend a whopping $109.6 billion on their fur babies. The rising trend continues since Americans spent $103.6 billion on their pets in 2020.
Most money was spent on pet food and treats ($42.0 billion), followed by vet care and product sales ($31.4 billion), and supplies, live animals, and OTC medicine ($22.1 billion).
Services like insurance, boarding, training, grooming, pet sitting, and walking are worth $8.1 billion.
Is the pet industry growing or shrinking?
The pet industry is witnessing steady growth, despite the pandemic. For example, the global pet market saw an increase from $216 billion in 2020 to $232 billion in 2021.
It’s estimated that by 2027, the pet industry will reach $350 billion.
When it comes to the US, the pet food market was worth around $30 billion in 2020, and it’s expected to witness a CAGR growth of 5.2% by 2026.
The situation is similar in Europe, whereby in 2026, the European pet food market should experience a CAGR growth of 4.8%.
What country spends the most on their pets?
The US is the number one country when it comes to spending on their pets. In 2020 alone, Americans managed to spend $103.6 billion on their furry friends.
Are pet medical expenses tax deductible?
No, pet medical expenses cannot be deducted from taxes. The only way to get your taxes back is to own a certified service pet (for example, a guide dog). The expenses for certified service animals include training, buying, maintaining, grooming, and veterinary services.
To claim the tax deduction, you’ll have to provide the doctor’s prescription as proof.
Pet Spending Statistics Outlook for the Future
Overall, the pet industry is expected to expand in several areas. The rising trends continue in both pet product purchases and the number of households owning a pet.
With such expectations, we must underline that owning a pet is a full-time responsibility; one that requires both emotional and financial investment.
As per pet spending statistics, the costs over the lifespan of a single pet are plenty — hence why every present and future pet owner has to be aware of these facts to provide the best possible life for their beloved companion.
- All About Cats
- Beyond the Treat
- Business Insider
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- Fortune Business Insights
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