American consumer pet expenditure
When surveyed, the majority of pet owners in the United States stated that they spend up to 500 U.S. dollars on their pets per year. When it comes to affluent households, average annual expenditure on pets increases to 1,523 U.S. dollars. These costs generally include regular supplies such as food, toys and medical costs. American consumers are also spending in more unique ways; the total spend on gifts for pets for Valentine's Day in the U.S. reached around 1.7 billion U.S. dollars in 2023.