Adapted from a press release:
U.S. pet owners spent US$50 billion on pet food and treats out of the total US$93.95 billion spent directly on pets in 2021, according to the study “The Economics of the U.S. Pet Food and Pet Supply Industry.” The pet sector may have contributed US$260.5 billion directly and indirectly to the U.S. economy and accounted for a net contribution to the annual gross domestic product (GDP) of US$174.67 billion in 2021.
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The analysis also found that the pet sector supports nearly 2.78 million jobs across the country, with an estimated 1.09 million people working directly in pet related businesses and another 1.68 million jobs linked indirectly to consumer expenditures for pets. Consumer expenditures on pets also generated public revenues from local, state and federal taxes of US$23.4 billion.
The study was sponsored by the American Pet Products Association, the Pet Advocacy Network, the Pet Food Institute, the Pet Industry Distributors Association, and the World Pet Association. Conducted by the Center for Economic Analysis at Michigan State University through the Animal Policy Group LLC and Animal Health Economics LLC, the report also sourced pet ownership data from the 2021-2022 APPA National Pet Owners Survey.
For the analysis, statistics on animals commonly kept in homes were used. This includes dogs, cats, ferrets, rabbits and small mammals, amphibians and reptiles, birds, and fresh and saltwater fish. Segments factored in as supporting the pet sector included pet sales, pet food manufacturing, veterinary services, pet pharmaceuticals, pet products (e.g., toys, crates, food bowls, leashes, and other products), retail sellers and pet services such as grooming and boarding.
The pet food market in the US is diverse, with a range of options available to pet owners including dry kibble, wet food, freeze-dried, raw, and even customized diets tailored to the specific needs of a pet. The demand for natural and organic pet food products has also been growing in recent years, as more pet owners seek out higher-quality and more healthful options for their pets. In 2021, these dog, cat and other pet food companies had headquarters in the United States. If available, the pet food businesses’ annual revenues in 2021 appear in Petfood Industry’s Top Pet Food Companies Current Data. Companies are listed in alphabetical order.
Evanger’s Dog & Cat Food Co. Inc.
Spectrum Brands / United Pet Group
The Petfood Industry Top Pet Food Companies project annually surveys pet food companies, always with an aim of expanding the reach and scope of the companies within the rankings. To be considered for inclusion in the yearly rankings, please contact pettopco@wattglobal.com. The data is gathered each year through a variety of methods, including direct company contact (a survey is emailed to participating companies), in-depth research and estimates.
The information is sold as a downloadable spreadsheet, allowing customers to sort, filter and analyze the data to suit your specific needs. Data points include, where available, mailing address, type of products offered, brands, number of employees, number of facilities and annual sales from 2017-2021. The companies are ranked by 2021 revenue.
Tim Wall covers the dog, cat and other pet food industries as a senior reporter for WATT Global Media. His work has appeared in Scientific American, Live Science, Discovery News, Honduras Weekly, Global Journalist and other outlets. He holds an M.A. in journalism and an M.S. in natural resources, both from the University of Missouri - Columbia, along with a bachelor's degree in biology.
Wall served in the Peace Corps in Honduras from 2005 to 2007, where he coordinated with the town government of Moroceli to organize a municipal trash collection system, taught environmental science, translated for medical brigades and facilitated sustainable agriculture, along with other projects.
Contact Wall via https://www.wattglobalmedia.com/contact-us/
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