What are your spending habits on your pets?
According to a survey done by the American Pet Products Manufacturers Association, in 2007, US pet expenditures are expected to top $40.8 billion. (Last year, it was $38.5 billion. In 1994, it was $17 billion.)
This year’s expenditures will include $16.1 billion for food, $9.8 billion for veterinary care, $9.9 billion for supplies and over-the-counter medicine, $2.1 billion for live animal purchases and $2.9 billion for pet services, including grooming and boarding.
71.1 million US households own at least one pet. Here is the breakdown of the numbers of specific pets: 142 million freshwater fish, 88.3 million cats, 74.8 million dogs, 24.3 million small animals, 16 million birds, 13.8 million horses, 13.4 million reptiles and 9.6 million saltwater fish.
The survey also concluded that:
- A pet owner spends an average of $107 a year on treats and toys.
- The average age and sex of the person buying pet products is a 46-year-old female.
- 30% of dog owners buy dental products for their dog, including toothbrushes, toothpaste, mouthwash, tartar/breath control/whitening products or floss.
- 26% of dogs have their own bed.
- More than 50% of pet owners purchased a gift for their pets in the past 12 months. Christmas topped the list of popular gift-giving holidays, but Halloween, Valentine’s Day and Hanukkah are popular, too. Dog owners buy up to 7 gifts per year, while owners of other pets purchase about 4 gifts per year. Regardless of species, more than $10 is spent on each gift.
- Salt-water fish owners spend $71 a year on decorations.
Source: The Birmingham News