The Pet Business Growing Despite Slow Down

Under Local Small Business
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Pet BusinessPets are big business in America. A pet is family to the average pet owner which means this is one of the last expenses to cut in a slow down. According to The American Pet Products Manufacturers Association (APPMA), annual industry expenditures continue to grow and last year were over $43.2 billion and estimated to be $45.4 billion in 2009. Expenditures break out as follows:

  • Food – $16.8 billion
  • Supplies/OTC Medicine – $10.0 billion
  • Vet Care – $11.1 billion
  • Live animal purchases – $2.1 billion
  • Pet Services: grooming & boarding – $3.2 billion

This growing market offers plenty of business opportunities including pet insurance, pet sitting and gourmet pet foods.

Source

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