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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.
9:38 AMBloomberg MarketsSummary
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.
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