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The Pet Industry Is Doing Great. And Getting Worse.

Posted on AllSides April 10th, 2024
From The Center

The pet industry is doing fantastic in 20244 so far. According to Michigan State University, the pet industry had an overall economic contribution in 2023 of $303 billion, an increase of 16% from 2022. According to The Bolen Group, weekly sales of petcare products through February 2024 are growing three times faster than any other category of fast-moving consumer goods and the largest industry trade group expects indsutry revenue growth of almost 3% in 2024. According to the Human-Animal Bond Research Institute, 98% of pet owners say their pet is...

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