With Pet Ownership on the Rise, the Pet Food and Supplies Industry is Barking up the Right Side of the Tree
It’s no secret that the last few years have had their challenges – tightening economic conditions, supply chain constraints and the ongoing global pandemic to name a few. One of the bright spots for many was the opportunity to welcome a new four-legged family member into their home, – or simply spending more time spoiling their furry friends. With increased time at home, pet ownership skyrocketed, - as did the need for pet essentials. It makes sense that the pet food and supplies industry has experienced continuous growth. In fact, by 2026, U.S. households are expected to provide homes to roughly 195 million cats and dogs alone. As people continue to bring new pets into the home at an increasing rate the demand for pet supplies (and pet food and medicine in particular) naturally continues to increase.