Page 21 - PET worldwide issue 03/2021

Pets provided solace during a
difficult year in 2020: pet supplies,
food, treats, veterinary care and
products saw the largest increases.
100-bn-dollar sales

mark exceeded

The US pet product industry recorded sales worth over 100 bn

dollars in 2020. This was the figure announced by the American 42 bn
Pet Products Association (APPA) during the Global Pet Expo
Digital Access show. dollars were
spent on pet food and
treats in the US
“We have reached a critical mile- went up by 7.2 per cent to 31.4 From a retail perspective,
stone, generating 103.6 bn dol- bn dollars. While 8.1 bn dollars every channel showed an in- in 2020.
lars in sales,” said Steve King, crease, especially e-commerce,
president and CEO of APPA. “We “WE ARE BULLISH FOR which is consistent with con-
are bullish for this year, project- THIS YEAR, PROJECTING sumer shopping trends overall.
ing growth of 5.8 per cent – well GROWTH OF 5.8 PER CENT.” According to APPA, total retail
above the historical average of 3 Steven King sales increased by 6.7 per cent
to 4 per cent.” from 2019 to 2020. 47 per cent
of pet owners reported they in-
Several sales boosters were spent on other services creased the number of times
22.1 bn dollars were spent on such as grooming, dog walking they purchased online. Pet spe-
supplies, live animals and OTC and boarding, this was a 21.4 ciality and independent retailers
meds, a 15.1 per cent increase per cent decline from the previ- experienced solid growth. 30 per
from 2019. Sales of pet food ous year. As quarantine is lifted cent of pet owners spent more
and treats increased by 9.7 per and consumers venture out on their pet/pet supplies in the
cent to 42 bn dollars while sales again, the use of these services past year with only 10 per cent
of veterinary care and products is expected to rise. saying they spent less. n

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