US pet industry hits record sales of $123.6 billion in 2021

The American Pet Products Association (APPA) expects “moderate” growth this year impacted by inflation and supply chain issues.

This is the second year that the pet industry exceeded the $100 billion (€92B) mark in sales, showing that the sector is “incredibly strong and resilient”.

According to the State of the Industry data for 2021, expenditure on pet food and treats accounted for $50 billion (€46B).

This was followed by vet care ($34.3 billion, €31.5B), live animals and over-the-counter meds ($29.8 billion, €27.4B), and other services such as dog grooming ($9.5 billion, €8.7B). This last category experienced a 17.3% increase against last year.

The APPA expects this year to continue the rising trend in sales but at a lower level due to the current global scenario.

“We expect continued growth as we look toward the remainder of 2022, although we anticipate it may be at a more moderate pace given the impact of volatile factors like inflation, supply chain issues and global relations,” concluded Anne Ferrante, APPA Senior Vice President of Member Relations and Business Development.

David Palacios Rubio

Editor-in-Chief at GlobalPETS