New Estimate Puts US Pet Spending at $77B+

Total U.S. pet spending hit $77.13 billion in 2017, according to the Pet Business Professor blog.

That represented a $9.84 billion, or 14.6 percent, increase from 2016.

The blog’s John Gibbons wrote that there was “almost universal good news” in the market.

“The movement to Super Premium Foods made a deeper penetration across demographics,” he wrote. “Deflating prices in the Supplies Segment spurred spending. Veterinary prices had record low inflation which increased spending AND visit frequency.”

According to the blog, in 2017, the average U.S. household (pet and non-pet) spent $593.63 on its pets. That represented a 14.3 percent increase versus 2016.

Numbers in the report come from or are calculated using data from the U.S. Bureau of Labor Statistics Consumer Expenditure Surveys.

Read more at Pet Business Professor