The pet supplies market in the USA remained in the ascendancy in 2022 despite high inflation rates. Spending on products and services for pets increased from 123.6 bn dollars in 2021 to 136.8 bn dollars last year.
As in most other countries around the world, the number of pets grew sharply in the USA during the Covid-19 pandemic. This gave rise to growth for the American pet sector exceeding the level prior to the pandemic, and an upward trend in the sector that continued unabated even after the threat from Covid-19 diminished. In fact, despite the difficult economic situation and high inflation rates, the growth has persisted. In 2022, Americans spent 136.8 bn dollars on their pets. The American Pet Products Association (APPA) expects consumer spending on pets to increase further this year to 143.6 bn dollars.
