2023 Total Pet Spending was $117.60B – Where did it come from…?
Pet Business Professor
by John Gibbons
16h ago
All Industry segments had increases, driven by spending lifts by 91% of all Demogaphics ..read more
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2023 U.S. Pet Spending by Generation – Boomers Back on Top!
Pet Business Professor
by John Gibbons
5d ago
Millennials have the biggest lift but Boomers move back to the top in Total Pet ..read more
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Retail Channel $ Update – September Monthly & October Advance
Pet Business Professor
by John Gibbons
2w ago
Sales were up for all from September and Relevant Retail's YOY lift was 21% more than average ..read more
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Petflation 2024 – October Update: Slows to +2.0% vs 2023
Pet Business Professor
by John Gibbons
3w ago
Nationally the CPI rose to 2.6% from 2.4% while Petflation slowed to 2.0% from 2.1%. Similar patterns produced different results ..read more
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2023 U.S. TOTAL PET SPENDING $117.60B…Up ↑$14.89B
Pet Business Professor
by John Gibbons
1M ago
All segments grew producing the 3rd biggest lift in history. Widespread demographic growth, but income continues to grow in importance ..read more
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2023 U.S. VETERINARY SERVICES SPENDING $35.66B…Up ↑$5.95B
Pet Business Professor
by John Gibbons
1M ago
Despite 9.4% inflation, higher incomes drove a 20% spending lift ..read more
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2023 U.S. PET SERVICES SPENDING $13.42B…Up ↑$1.05B
Pet Business Professor
by John Gibbons
1M ago
Spending was up 8.5% from 2022, but a 5.7% inflation rate meant that the "real" lift was only 2.7 ..read more
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Retail Channel $ Update – August Monthly & September Advance
Pet Business Professor
by John Gibbons
1M ago
September Total Retail Sales were down -0.03% vs 2023 - The recovery definitely slowed ..read more
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Petflation 2024 – September Update: Drops to +2.1% vs 2023
Pet Business Professor
by John Gibbons
2M ago
Petflation is down to 2.1% but it is still 33% higher than the 1.6% average rate from 2010>2021 ..read more
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2023 U.S. PET SUPPLIES SPENDING $23.02B…Up ↑$1.08B
Pet Business Professor
by John Gibbons
2M ago
The spending lift was only +$1.08B (+4.9%) from 2022 but 63% of all demographic segments spent more ..read more
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