Ankura Consulting Group, LLC is an independent global expert services and advisory firm that delivers end-to-end solutions to help clients at critical inflection points related to conflict, crisis, performance, risk, strategy, and transformation. Ankura consists of more than 1,800 professionals and has served 3,000+ clients across 55 countries. Collaborative lateral thinking, hard-earned experience, and multidisciplinary capabilities drive results and Ankura is unrivalled in its ability to assist clients to Protect, Create, and Recover Value. For more information, please visit, ankura.com.
Spending on pets in the U.S. hit $147 Billion in 2023, reflecting over twenty years of consistent growth. The pet industry has proven to be highly recession-resistant.
United StatesFood, Drugs, Healthcare, Life Sciences
To print this article, all you need is to be registered or login on Mondaq.com.
Spending on pets in the U.S. hit $147 Billion in 2023,
reflecting over twenty years of consistent growth.
The pet industry has proven to be highly
recession-resistant.
Food & Treats are the largest segment of the U.S. pet
market, followed by veterinary care and product sales.
U.S. PET RETAIL INDUSTRY OVERVIEW
Pet stores accounted for approximately $29.4B in sales in 2023
and are expected to continue to grow.
4.0% annual growth reported from 2018-2023 and projected growth
of 0.8% annually to 2028.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
