9 Reasons why the pet industry rocks.
Friday, August 21st, 2009 at 2:39 am
Categories: Dog Training
1. The pet business is an enormous growth industry, with Americans spending quite a bit on their favorite animals. Business Week Magazine reports that 63 percent of US households own at least one pet. Those are numbers hard to dismiss.
2. According to the American Pet Products Manufacturers Association (APPMA), cats are the most numerous, though there are more households with pet dogs.
3. The consumer market for pets, including different services, care and products, exceeds 71 million US households. The pet industry has doubled from a decade ago, and is expected to keep growing.
4. The APPMA reports that in 2007, US consumers spent $41.2 billion on pets, and estimated spending in 2008 was $43.3 billion.
5. Pet food is expected to reach $16.9 billion in sales, followed by veterinary care at 10.9 billion. Pet supplies and over-the-counter medication, such as flea treatments, will amount to $10.3 billion. All of these numbers have tremendous influence with dogs.
6. People will spend about $2.1 billion to actually buy pets, and then $3.2 billion on grooming and boarding them.
7. According to the US Census bureau, the average establishment in the pet industry is a small business, with nine or less employees, providing pet services. Veterinary services had the biggest share of this market. Pet and pet supply stores employed one fifth of the industry’s workers.
8. A wide variety of different pet franchises and businesses that have come into existence to cater to pet owners. These range from traditional pet and pet supply retail stores, to specialized boarding facilities, to professional grooming, and even poop disposal.
9. For those who want to own a pet-related business, there are many options to choose from and a high success rate, especially for franchise businesses, because Americans love their pets and will continue to spend money for all types of services and products to make their animals happy and healthy.
Find out more about becoming a Sit Means Sit dog training franchise owner.
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