- The pet product and services industry has grown significantly over the last two decades as the humanization of pets has driven increased consumer spending.
- Shifts in consumer attitudes toward pets, which accelerated during the COVID-19 pandemic, have resulted in a greater demand for, and spending on, premium nutritional products, veterinary and pet services.
- Pure-play pet companies have been major beneficiaries of these shifts in consumer demands for premium products, services, and convenience.
For further details see:
Pet Pampering Putting Bark Into Spending