Sales of pet food worldwide 2010-2023

In 2023, year-end sales of pet food worldwide were forecast to reach 133.9 billion U.S. dollars. This would be an increase of almost 40 billion dollars since 2019.

U.S. pet industry

Americans spent over 136 billion U.S. dollars on their pets in 2022. With each consecutive year, U.S. pet industry expenditures have gone up. Ten years earlier for example, total pet owner expenses amounted to some 53 billion U.S. dollars. Pet owners frequently need to pay for things, such as pet food, vet care, and over-the-counter medicine. In 2022, as well as previous years, pet food was the highest-selling pet market category in the United States: roughly 58 billion U.S. dollars’ worth of animal pet food was sold in 2022.

PetSmart

There are various pet specialty chains to be found in North America, such as PETCO, Pet Supplies Plus, and Woof Gang Bakery. One of the largest companies in the business is PetSmart. The company is based in Arizona, United States, and focuses on selling specialty pet animal products. As of March 2022, PetSmart had the highest number of stores in North America, namely close to 1,700.