Report Highlights
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In 2008, Americans spent more than $43.7 billion on pet supplies and services. This figure is projected to approach $46 billion in 2009 and $56.5 billion by 2014, a compound annual growth rate (CAGR) of 4.2% from 2009 through 2014.
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Pet food is the largest segment of the market, with sales of $19 billion in 2009. While market share is expected to slip to less than 41% by 2014, the market value of pet food products will increase to $23 billion in 2014, a compound annual growth rate (CAGR) of 3.8%.
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Nonfood pet supplies make up the fastest-growing segment of the market, with a projected compound annual growth rate (CAGR) of 6.4% over the next 5 years. This segment was valued at $11.3 billion in 2009 and in expected to reach $15.3 billion by 2014.
INTRODUCTION
- Introduction
- Summary
- Pets and Their Owners
- Pet Industry Overview
- Pet Food Segment
- Pet Services Segment
- Pet Supplies Segment
- International Aspects
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Report Highlights
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In 2005, Americans spent over $35 billion on pet supplies and services. This figure is projected to approach $37 billion in 2006 and surpass $43 billion by 2011, an average annual growth rate (AAGR) of 3.4% from through 2011.
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Pet food is the largest segment of the market, with sales of $14.7 billion (42% of the total market) in 2005. Sales of pet food are projected to increase at a slightly slower rate than the market as a whole, and as a result their market share is expected to slip to less than 41% by 2011.
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Non-food pet supplies such as litter, toys and over-the-counter medicines) are the fastest-growing segment of the market, with a projected AAGR of 6.1% over the next five years. As a result, non-food pet supplies' share of the market is projected to grow from 25% in 2005 to 27% in 2011.
Report Highlights
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In 2003, Americans spent nearly $30 billion on their pets. Growing at an average annual rate (AAGR) of 3.9%, the market for pet care will reach almost $36.3 billion by 2008.
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Pet foods, growing at an AAGR of 3.6% through 2008, will remain the largest segment, representing about 46% of the market.
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Veterinary services will demonstrate the fastest growth at an AAGR of 4.7% through 2008, and the segment will increase from $7.8 billion in 2003 to $9.8 billion.
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Expenditures on other pet services, such as grooming, training, breeding and pet sitting, will grow more slowly, at an AAGR of 3.4% to $2.7 billion in 2008.
Report Highlights
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In 2000, Americans were expected to spend over $27 billion on their pets. Growing at an average annual rate (AAGR) of 4.3%, this market will reach $33.5 billion in 2005. These expenditures included $12.8 billion spent on pet food, about $9 billion spent on pet services and over $5 billion spent on pet supplies
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Pet foods, growing at an AAGR of 4.2% through the period, will remain the largest segment, representing over 47% of the market. Veterinary services will grow at an AAGR of 4.5% through 2005, from $7 billion in 2000 to nearly $8.8 billion. Expenditures on pet supplies is the fastest growing, at an AAGR of 5%.
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Exports of U.S. produced pet products will grow at an AAGR of 4.8% to nearly $1 billion in 2005.
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The pet industry is expected to grow at 4.3% annually to reach $33.5 billion by the year 2005, with pet supplies leading the growth.
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