What’s the Pet Market Like in the United States?

As more and more pets become part of American households, the pet market has experienced significant growth, and the demand for pet products continues to rise. Earlier, we discussed the pet product consumption market in China this year. In the U.S., according to the American Pet Products Association (APPA), approximately two-thirds of American households own at least one pet. Dogs are the most popular pets in the U.S. According to a nationwide survey of pet owners conducted by the APPA from 2019 to 2020, it is estimated that 63.4 million households in the U.S. own a dog, while cats are relatively less common, with 42.7 million cats in American households.
It is anticipated that the increase in dog ownership will continue to drive the growth of the U.S. pet market in the coming years. Additionally, data shows that Americans spent over $52 billion on pets in 2019, a significant rise from $34 billion in 2009. Most of the spending goes toward pet food, but more than $18 billion was spent on pet products and accessories. Research shows that the U.S. pet collar market was valued at $126 million in 2020, and it is projected to grow at a compound annual growth rate of 7.2% from 2021 to 2028. Because pet owners are particularly concerned with the quality of life of their pets, they are willing to spend money to maintain their pets' health and safety. As a result, smart pet collars, flea collars, and protective collars are becoming increasingly popular among U.S. pet owners. Smart pet collars, in particular, offer various features, such as monitoring pets' nutrition, tracking their rest patterns, and calculating the calories they burn.

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