Pet Economics Report (Nov. 2018) by John Gibbons, the Pet Business Professor
2017 was a record-setting year for the pet industry, as spending soared by 14.6% compared to 2016. Growth in the pet supplies segment exceeded this rapid pace, with spending reaching $18.6 billion, a 17.3% increase. In 2017, the average household spent $142.90 on pet supplies, up 16.9% from $122.25 in 2016. For detailed analysis, log into Pet Store Pro to read the full report.