Pet care is one of UK’s many thriving industries where consistent growth is happening year-on-year. The most recent figures published by the Office for National Statistics revealed that expenditure on pets and related products reached an annual value of 7.9 million British pounds in 2020, representing a 170 percent increase from the beginning of the survey period in 2005.
Dogs are UK households’ best friend
The United Kingdom is host to over 50 million pets, although this number signifies a considerable drop since 2013 when the pet population in the UK peaked at 73 million. The nation’s most popular pets were dogs with just under a quarter of households owning a pet dog.
Pet care
With such affection towards pets also comes the need to care for them. Indeed, over the last decade, spending on veterinary services in the UK rose tremendously, particularly in 2018 when veterinary and other pet care related services reached over five million British pounds. This value, however, decreased to under four million British pounds in 2020, most likely as a result on the coronavirus pandemic.
Consumer spending on pets and related products in the United Kingdom (UK) from 2005 to 2020 (in million GBP)*
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Office for National Statistics (UK). (March 31, 2021). Consumer spending on pets and related products in the United Kingdom (UK) from 2005 to 2020 (in million GBP)* [Graph]. In Statista. Retrieved January 24, 2022, from https://www.statista.com/statistics/308266/consumer-spending-on-pets-and-related-products-in-the-united-kingdom-uk/
Office for National Statistics (UK). "Consumer spending on pets and related products in the United Kingdom (UK) from 2005 to 2020 (in million GBP)*." Chart. March 31, 2021. Statista. Accessed January 24, 2022. https://www.statista.com/statistics/308266/consumer-spending-on-pets-and-related-products-in-the-united-kingdom-uk/
Office for National Statistics (UK). (2021). Consumer spending on pets and related products in the United Kingdom (UK) from 2005 to 2020 (in million GBP)*. Statista. Statista Inc.. Accessed: January 24, 2022. https://www.statista.com/statistics/308266/consumer-spending-on-pets-and-related-products-in-the-united-kingdom-uk/
Office for National Statistics (UK). "Consumer Spending on Pets and Related Products in The United Kingdom (Uk) from 2005 to 2020 (in Million Gbp)*." Statista, Statista Inc., 31 Mar 2021, https://www.statista.com/statistics/308266/consumer-spending-on-pets-and-related-products-in-the-united-kingdom-uk/
Office for National Statistics (UK), Consumer spending on pets and related products in the United Kingdom (UK) from 2005 to 2020 (in million GBP)* Statista, https://www.statista.com/statistics/308266/consumer-spending-on-pets-and-related-products-in-the-united-kingdom-uk/ (last visited January 24, 2022)
