Market Size of United States Pet Care And Services Industry
| Study Period | 2019-2029 |
| Market Size (2024) | USD 12.21 Billion |
| Market Size (2029) | USD 14.51 Billion |
| CAGR (2024 - 2029) | 3.51 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Pet Care and Service Market Analysis
The United States Pet Care And Services Market size is estimated at USD 12.21 billion in 2024, and is expected to reach USD 14.51 billion by 2029, growing at a CAGR of 3.51% during the forecast period (2024-2029).
The COVID-19 pandemic disrupted pet health care since, with the lockdown, the accessibility to the clinics was affected, which adversely impacted the pet care and services market. However, pet adoption has increased in the United States during the pandemic which is expected to have significant growth in the market. For instance, in May 2021, The ASPCA released new data that reported that nearly one in five households acquired a cat or dog since the beginning of the COVID-19 crisis. Such adoptions amid the pandemic increased the focus on pet health and thus expected to lead positive impact on the growth of the United States pet care and services market over the coming years.
The factors propelling the studied market growth are the growing adoption of pets in the country, rising pet insurance investments, increasing product and service launches, and adoption of key strategies by major market players. According to the American Pet Products Association’s 2023-2024 National Pet Owners Survey, around 66% of United States households own a pet, as compared to 62% in 2022. In addition, the annual expenditure on a routine visit for dogs accounts for USD 242, whereas it is USD 178 for cats in the country. Hence, the large percentage of pet ownership increases the need for pet care and services, which is expected to have significant growth in the market over the study period.
Moreover, the launch of new pet care products focused on improving the health and well-being of pets will boost the market in the country. For instance, in March 2022, OUTWARD HOUND launched new pet products at the Global Pet Expo at the Orlando Orange County Convention Center. The products include Stainless Steel Slow Feeder, Soothe & Snooze Lounge Shag Pet Bed, Calming Cat Donut Beds, and others found to enrich the lives of pets and their families. Similarly, the establishment of new pet care hospitals increases the services in the country. For instance, in September 2023, MedVet completed construction for WestVet Meridian, a new hospital that will provide exceptional 24/7 emergency and specialty care for Idaho pets. Thus, the establishment of pet care hospitals to improve the lives of pets is expected to boost the market growth over the study period.
However, the high cost of products and services is expected to hinder the market growth over the forecast period.
