Pet Industry Market Trends & Spending

In 2015, people spent more on their pets than they did their own children – in return, pet care franchises cash in on the trend.

Pet care franchise owners are seeing significant revenue increases, as people spend more on their pets year after year. In 2015, the pet care industry hit an all-time high, with people spending more on their pets than their own children.

Pet care franchise owners are seeing higher demands for services including doggie daycare, boarding, and grooming—services pet owners spent over $5 BILLION on in 2015—and are raking in the revenue. According to a 2016 Learn Vest article, the recession-resistant pet care industry (including daycare, boarding, and grooming pet care franchises) continued to grow even during the 2007 recession. While cutting back on staple household items such as food and clothing, Americans continued to spend the same amount of money, if not more, on their pets, through the recession.

According to the article, boarding is the largest expense for pet owners next to veterinary care. “After veterinary care, boarding is the most expensive part of pet ownership. According to the APPA’s 2015-2016 National Pet Owners Survey, dog owners spent an average of $333 on kennel/boarding costs {per year}.” And that’s just one service provided by many pet care franchises like Hounds Town USA. These pet care franchises continue to tap into this booming industry, meeting the demand for reliable, honest, and professional pet care services including interactive doggie daycare, boarding, grooming, and training. For more information on Hounds Town USA pet care franchises, visit www.houndstownfranchise.com.

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