HomePet Business IdeasMarket Size for Pet Business Market Size for Pet Business By Srini Chennareddy August 23, 2018 Pet Business Ideas 0 Comments Notes & Pointers on Pet Business Market Size Americans spent over $60 billion on their pets in 2015, up from $55.72 billion in 2013. The pet services segment, including grooming, boarding, pet hotels, pet sitting, day care and other services, has been the fastest-growing category Americans spent over $4.5 billion on pet services in 2016 and this figure is expected to rise to over 5 billion by 2018. In Canada, households spent $6.6-billion on pets in 2015, a figure that’s been rising steadily and is expected to reach $8.3 billion by 2018 Internationally, China is experiencing annual growth rates in pet ownership of more than 30% annually, making it the third-largest in terms of pets owned after the U.S. and Japan. Euromonitor International has projected India to be the fastest growing global pet market, and the rising pet ownership rates are driving demand for pet food, health products, and pet accessories Related Posts Pet Business Growth in Indian Market Dog daycare staff training Dog daycare license requirements About Author Srini Chennareddy Add a Comment Cancel reply Your email address will not be published. Required fields are marked *Comment:*Name:* Email Address:* Website: Save my name, email, and website in this browser for the next time I comment.