RAB Insights

RAB Research Archive

Beyond the billions

Against the backdrop of high inflation, U.S. pet industry sales continued to advance in 2023, rising by approximately $10 billion to $144 billion, a 7% gain. Throughout the year, all four sectors — pet food, non-food pet supplies, veterinary services and non-medical pet services — continued to benefit from the overarching focus on health and wellness.

Source: Pet Product News

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