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Pet Industry Sales Exceed $100 Billion

The pet industry reached a milestone in 2020, with total sales of $103.6 billion, a historic high, according to the American Pet Products Association. This marks an increase of 6.7% over 2019 retail sales of $97.1 billion. Of that 2020 total, $42 billion was spent on pet food and treats, a 9.7% increase year over year. The association is “bullish” for the coming year, projecting growth of 5.8% — well above the historical average of 3% to 4%.

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