Pet Industry in the USA: A Booming Market
In 2022, Americans spent a staggering $136.8 billion on their pets
$140B +
The American Pet Products Association projected total US pet industry sales of $143.6 billion in 2023
66% of US
Around 66% of US households have a pet, with dogs being the most popular (65.1 million households) [Source: Forbes Advisor]
The pet industry in the USA is a thriving and ever-growing sector, reflecting the deep bond between Americans and their furry (or feathered, or scaled) companions. Let’s delve into the key aspects of this industry:
Driving Forces:
- Shifting pet perception: Pets are increasingly seen as family members rather than just companions, leading to higher spending on their well-being.
- Millennial pet parenting: Millennials are the largest pet parent demographic, driving demand for premium pet products and services [Source: Appinio Blog]
- Rising pet parenting: As previous stated, around 66% of US households have a pet and that number is growing.
Market Positioning: Private Label & Nutrition Authority
EarthWise Pet distinguishes itself in the pet industry as a recognized leader in pet nutrition and a provider of exclusive private label products. Our commitment to health and wellness, alongside our unique product range, sets us apart from the competition, offering our franchisees improved margins and fostering greater customer loyalty. With over 200 stores, we leverage this scale to secure better pricing from product vendors, further enhancing our competitive edge and commitment to pet health.
Market Positioning: Private Label & Nutrition Authority
EarthWise Pet distinguishes itself in the pet industry as a recognized leader in pet nutrition and a provider of exclusive private label products. Our commitment to health and wellness, alongside our unique product range, sets us apart from the competition, offering our franchisees improved margins and fostering greater customer loyalty. With over 200 stores, we leverage this scale to secure better pricing from product vendors, further enhancing our competitive edge and commitment to pet health.
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