Trends Driving The Pet Industry Growth
Pet parents are the force behind the pet industries growth.
There are three trends supporting this strong growth in the industry and they show no signs of slowing down.
- Pets are considered members of the family
- Pet owners don’t mind paying a premium price
- Bonding between pet and pet owner has health benefits
Pet Parents And Their Fur Babies
Many types of pets have long been considered part of the family, but in recent years that has started to translate to actually treating pets more like people.
Gone are the days of “outside dogs” that just “see to themselves.”
Pet Owners And Their Spending
Organic and natural treats and foods, high-tech medical therapies and medicines, luxury services and even spas – nothing is too good!
Health Benefits Pet Parents Are Seeking
Based on scientific research – of the bond between people and their pets has positive health benefits.
According to the Human Animal Bond Research Initiative Foundation (HABRI),“People are happier and healthier in the presence of animals. Click here for more information on HABRI
Scientifically-documented benefits…include decreased blood pressure, reduced anxiety, and enhanced feelings of well-being.”
Though the results are preliminary, a HABRI study has indicated a potential $11.7 billion savings to the US healthcare system that can be tied to pet ownership.