U.S. projected pet store sales 2019-2024
The total revenue generated from pet stores across the United States is projected to grow from around 21.06 billion U.S. dollars in 2019 to 24.69 billion U.S. dollars by 2024.
The continued popularity of pet stores
This expected growth in market revenue is supported by the increase in the number of U.S. households buying pet products in retail stores. According to a recent national consumer survey, in 2018, 60,295 households bought pet products in brick-and-mortar stores, an increase of more than 8,000 households over the five-year survey period. The number of households buying pet products online has also steadily increased in past years - 13,270 households stated that they shopped online in the 2018 survey. Despite this increase in online shopping, 81 percent of cat owners and 76 percent of dog owners still purchase their pet food exclusively in pet stores.
Leading pet stores in the U.S.
PetSmart Inc., the American retail chain, held a 27.3 percent share of the U.S. pet store market based on revenue in 2018. The pet store market is highly concentrated in the United States, with the two leading players, PetSmart and PETCO Animal Supplies, accounting for over 47 percent of total market revenue in that year.
The continued popularity of pet stores
This expected growth in market revenue is supported by the increase in the number of U.S. households buying pet products in retail stores. According to a recent national consumer survey, in 2018, 60,295 households bought pet products in brick-and-mortar stores, an increase of more than 8,000 households over the five-year survey period. The number of households buying pet products online has also steadily increased in past years - 13,270 households stated that they shopped online in the 2018 survey. Despite this increase in online shopping, 81 percent of cat owners and 76 percent of dog owners still purchase their pet food exclusively in pet stores.
Leading pet stores in the U.S.
PetSmart Inc., the American retail chain, held a 27.3 percent share of the U.S. pet store market based on revenue in 2018. The pet store market is highly concentrated in the United States, with the two leading players, PetSmart and PETCO Animal Supplies, accounting for over 47 percent of total market revenue in that year.
