Fifty-six percent of dog owners and 42% of cat owners bought holiday gifts for their pets last year,
according to a survey by the American Pet Products Manufacturers Association. Overall, Americans are expected to spend an estimated $48.7 billion on their pets in 2007, nearly twice the amount of a
decade ago and growing at more than 7% a year, according to Packaged Facts.
High-end, luxury items are increasingly popular. A prospective pet pamperer can find everything from organic cookies and doggie basketball jerseys and jackets to $70 treat jars, $399 temperature-controlled pet carriers and $499 cashmere pet beds.
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