APPA data shows that from 2010 to 2018, the size of the pet industry market in the United States increased from US $ 48.35 billion to US $ 72.13 billion, with an average annual compound growth rate of 5.1%. Pets have become an important part of American families, and the entire pet industry in the United States has entered a steady growth stage with an average annual growth rate of 3% -5%.
Pet food and pet medical are the two largest market segments in the U.S. pet industry, with consumption accounts for 41% and 25% respectively: According to APPA data, the size of the U.S. pet food market in 2018 is estimated to be $ 29.88 billion, accounting for The proportion of the entire industry scale is 41%; the market size of the over-the-counter pets (Supplies / OTC Medicine) is estimated to be US $ 15.51 billion, accounting for 22% of the entire industry size; the size of the pet medical and care services (Vet Care) market is expected to be 18.26 billion The US dollar accounts for 25% of the entire industry size.
