EVOLVE Business and Entrepreneur Magazine Greater Daytona Region Winter 2023 | Page 32

Pet Ownership & Annual Expenses Number of U . S . Households that Own a Pet ( millions )

Small Animal : 6.2 Reptile : 5.7
Saltwater : 2.9 Fish
Freshwater : 11.8 Fish
Horse : 3.5
Bird : 9.9
Cat : 45.3
Dog : 69
Pet Ownership by Generation (% of Current Pet Owners )
Total U . S . Pet Industry Expenditures
According to the 2021-2022 American Pet Products Association ’ s ( APPA ) National Pet Owners Survey , 70 % of U . S . households own a pet . In 1988 , the first year the survey was conducted , 56 % of U . S . households owned a pet .
Gen Z
14%
2021
$ 123.6
Millennial
32%
2020
$ 103.6
Gen X
24%
2019
$ 97.1
Baby Boomer
27%
2018
$ 90.5
Silent 3%
0
0
Actual Sales within the U . S . Market in 2021 In 2021 , $ 123.6 billion was spent on our pets in the U . S .
Pet Food & Treats

$ 50 BILLION

Supplies , Live Animals & OTC Medicine

$ 29.8 BILLION

Vet Care & Product Sales

$ 34.3

Other Services
BILLION

$ 9.5 BILLION

( Other Services include boarding , grooming , insurance , training , pet sitting and walking and all services outside of veterinary care )
Source : 2021-2022 APPA National Pet Owners Survey Statistics : Pet Ownership & Annual Expenses
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