The American Pet Products Association (APPA) is forecasting that pet expenditures will reach 143.6 billion this year, with food and treats making up 62.7 Billion of that total. In the 2022-2023 National pet owners survey, information gleaned found that 2022 spending on food and treats to be 58.1 billion. Supplies and over the counter medicine accounted for another 31.5 billion, vet care 35.9 billion. The APPA forecast is showing that all of these categories will be up in 2023.
During the past several years the US residents’ pet expenditures have grown. From 2018 to 2022, pet owners spending on pet products and services grew 66% from 90.5 billion to 136.8 billion. In 2018, us pet owners spent 106.3 billion on their beloved companion animals. That figure grew to 123.6 billion in 2021.
Wow that was a lot of numbers in two short paragraphs. With the way most prices have inflated immensely in the past few years, there is no wonder why we would see some increase in spending in general but it would not account for all of it. This really tells the truth about how we care for the animals we love so dearly. The days of the average family dog being just an afterthought of the typical day or dads hunting dog being kept in a kennel behind the garage are days of the past. US residents are literally treating their dogs as an equal family member. That’s why at CHF we say “because we love these dogs”.