How America’s obsession with pets helped create a $72-billion-a-year industry

FAN Editor

Cute puppies. Kittens. Instagram dogs. Pet supplements, a smart cat litter box and specialty veterinary practices. Americans are spending more and more on their pets. U.S. pet spending hit $72 billion in 2018, an increase of more than $3 billion from the prior year. And with pet ownership on the rise, the industry could grow into an even bigger business. Here’s how America’s love for pets turned into big business.

13:05

Fri, Dec 6 201911:38 AM EST

Free America Network Articles

Leave a Reply

Next Post

The Intercontinental Exchange is overhauling the ETF issuing process. Here's what you can expect

Modernization. That is the central goal behind the Intercontinental Exchange’s recently rolled-out “Hub” for exchange-traded funds, a joint effort by the New York Stock Exchange parent and ETF issuers like BlackRock meant to streamline the often complex, decentralized process of bringing ETFs to market, ICE President Ben Jackson tells CNBC’s […]