What are the top trends in pet ownership for 2024?.

As of 2024, pet ownership trends are shaped by wellness, sustainability, and technology. Increased focus on mental health has led to more pet owners seeking out wellness products, such as supplements and mental stimulation toys. Adoption rates remain high, influenced by the pandemic's impact on pet companionship. Sustainability is also a major trend, with eco-friendly pet products gaining popularity.

Key Facts

• 73% of U.S. households own a pet, according to the American Pet Products Association.
• The pet wellness market is expected to reach $24 billion by 2025.
• Over 60% of new pet owners adopted during the pandemic continue to seek out pets for companionship.
• Eco-friendly pet products are projected to grow by 15% annually.

Examples or Use Cases

• Pet wellness retreats are becoming popular for both pets and their owners.
• Subscription boxes for pets are increasingly offering sustainable, eco-friendly products.

FAQs

• What is driving the increase in pet ownership? The pandemic has led to a surge in companionship needs.
• Are people spending more on pet care? Yes, there is a noticeable increase in spending on premium and sustainable products.