Headlines

Pet Supplies Market Hits $18.58B

It grew along with the pet food category.

Published

5 years ago

January 22, 2019

PETS+ Staff

Consumers spent $18.58 billion on pet supplies in 2017, according to the Pet Business Professor blog.

That represented an increase of $2.74 billion, or 17.3 percent, versus 2016.

The blog’s John Gibbons wrote: “While Pet Food spending has shown a definite pattern, Pet Supplies have been on a roller coaster ride since 2009. Many Supplies categories have become commoditized and react strongly to changes in the CPI. Prices go up and spending goes down … and vice versa.”

In many cases, dollars saved in one of the two categories are spent in the other.

But in 2017, spending increased in both categories. (It was up $4.61 billion, or 17.4 percent, in pet food.)

Interestingly, prices in both categories deflated, Gibbons wrote.

“Value was the ‘word’ and it was available across the market,” he explained.

Read more at Pet Business Professor

P.L.A.Y. Media Spotlight

At P.L.A.Y. — Pet Lifestyle & You — toy design is definitely a team effort! Watch PETS+ interviewer Chloe DiVita and P.L.A.Y.’s Director of Sales Lisa Hisamune as they talk about the toy design process, the fine-tuning that makes each toy so special and why every P.L.A.Y. collection is made with independent retailers top of mind.