Featured Report: Pet Industry

It’s a familiar mantra that the pet care and services industry is “recession proof.” Some 70% of U.S. households include a pet, and Americans treat their pets like family and have been willing to spend on them like family, even to the point of spoiling them. In the U.S. alone, pet expenditures in 2021 exceeded $123 billion, including $50 billion in food and treats and nearly $10 billion in grooming, boarding, and even pet health insurance. Activity in the industry remained high in the first half of 2022, after seeing a hefty jump in 2021 over the previous year in...

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