Pets are more beloved than ever by Americans, making a pet food franchise a lucrative investment for the right entrepreneur. Dogs and cats, as well as other pets, are considered a part of the family, and as such are treated with much more care than ever before. As Americans have focused more on the quality of the ingredients they eat, the same attention has been turned to what is in their pets’ food as well.
Did You Know?
Pet food revenue amounted to $27,571 million in 2017 in the U.S.
SOURCE: SOURCE: Statista
The pet food market is expected to grow annually by 3.9% between 2017 and 2021.
SOURCE: SOURCE: Statista
On average, each American in the market for pet food spent more than $84 in 2017.
SOURCE: SOURCE: Statista
The market for pet food is expected to show a volume growth of 2.0% in 2018.
SOURCE: SOURCE: Statista
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