Increase in Pet Humanization?

The global market for Pet Accessories is projected to reach US$41.1 billion by 2025, driven by the emerging pet loving culture worldwide made hugely popular by media coverage of celebrities and their furry friends. Pet population comprising dogs, cats, birds and other animals is on the rise.

Is the number of pet owners increasing?

Dogs remain the most popular type of pet with almost two in five households (3.6 million) owning a dog. There was an estimated dog population of 4.8 million in 2016; 20 dogs for every 100 people. The dog population rose slightly from 2013 to 2016 by approximately 600,000.

Is the pet industry growing?

U.S. pet market sales revenue has increased every year in the last decade, growing from $50.96 billion in 2011 to an estimated $99.1 billion last year. (That's a 51.4% increase in total market size.)