Pet economy Around four years ago, Three Squirrels, a prominent Chinese snack brand, launched a subsidiary focused exclusively on dog food. INTRODUCTION . Jan 19, 2025 · Whether you find the phrase “fur baby” repulsive or endearing, the pet industry’s grasp on Americans’ wallets isn’t letting up. 9B) in operating income by 2035. Apr 5, 2024 · The pet adoption phenomenon has gained significant traction in Asia over the past years, especially since the beginning of Covid-19. Nov 22, 2024 · The US remains the biggest region in the global pet economy, with 40% of industry sales. The most commonly found pet in the United States, according to the 2023-2024 APPA National Pet Owners Survey, was the dog with 65. Jul 6, 2022 · According to iiMedia Research, the scale of China's pet economic industry will reach 493. 6%, 8% higher than the total retail sales of consumer goods in 2021. Just ahead of National Pet Day, the Mastercard Economics Institute dug into the stats on pet store and vet spending around the world, sniffing out the cities with the biggest increases in pet spending and the latest trends in how pet owners buy their treats, chew toys and scratching posts. ucxcbiyxlpzkjhliqybqjrecvkzcjcfiaibzssbgwnepaietblotfnhjxueegeicyzxandarpqdvjlhl