9:38 AMBloomberg Markets
US Pet Market Set to Surpass $250 Billion
Summary
US pet spending is expanding beyond preventative care into premium food, wellness, and specialized retail services. The market is projected to grow from about $150 billion today to more than $250 billion over the next decade.
Why it matters
Pet premiumization is becoming a durable demand driver that will reshape retail mix and supply-chain requirements across food, health, and services.