Over the last month, Franchise Interviews has focused on the pet industry. Here’s why:
- According to the June 3, 2011 issue of USA TODAY, “There are now more households with dogs (43 million) than children.”
- The American Pet Products Association’s 2013-2014 National Pet Owners Survey reveals:
- 68% of U.S. households own a pet, equaling to 82.5 million households.
- 56.7 million households own a dog. Largest number of households, in the pet category, with the next closest being over 11 million less.
- 83.5 million is the total number of dogs owned in the U.S.
- Total U.S. pet industry expenditures have continued to grow since 1994 and are expected to reach $55.53 billion in 2013.
- 47% of owners consider their pets full-fledged family members.
- Basic dog boarding/kenneling annual expenses are $327, on average
- $4.54 billion is expected to be spent on pet grooming/boarding this year, up $380 million from last year
The pet care industry continues to grow due to Americans love for their dogs, and always demanding top care for their loved one. Pet franchising, specifically, is strengthening and developing as more consumers are choosing to have a pet in their household. Consumers choose to spend more on their furry best friends and the trend is only continuing to mature.