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US Total Pet Spending Climbs to $78.6B

Growth was muted compared to the prior year.

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Total pet spending in the U.S. climbed by 1.9 percent in 2018 to reach $78.6 billion, according to the Pet Business Professor blog.

The $1.47 billion increase was well below the $9.84 billion jump seen in 2017, the blog’s John Gibbons writes.

Here’s how the market shook out by segment in 2018:

  • Food: -$2.27B (-7.3%) decrease
  • Supplies: $1.22B (+6.6%) increase
  • Veterinary: $0.56B (+2.7%) increase
  • Services: $1.95B (+28.9%) increase

A mix of factors led to the relatively muted growth.

“The FDA warning regarding grain free dog food wreaked havoc in the second half and the new tariffs on supplies flattened spending during that period,” explains. “Veterinary prices turned up again resulting in a net “no gain” in the amount purchased by consumers.”

Additionally, he said, many young adults who’d been living with their parents ended up moving out with their pets in tow.

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Services segment “saved the year with a spectacular increase in spending as consumers finally responded to the convenience of significantly more outlets,” he writes.

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