Headlines

Pet Supplies Market Hits $18.58B

It grew along with the pet food category.

Published

7 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

NASC Media Spotlight

At first it was just an idea: Animal supplements needed the same quality control that human-grade supplements receive. But that was enough to start a movement and an organization —the National Animal Supplement Council — that would be dedicated to establishing a comprehensive path forward for the animal supplements industry. In this Media Spotlight interview, NASC’s president, Bill Bookout, talks to PETS+ interviewer Chloe DiVita about the industry today: Where it’s headed, what’s the latest focus and why it’s vital to gain the involvement of independent pet product retailers.