How Many Dog Treats Are Sold Each Year: A Pawsitively Surprising Statistic
How To Make 1000S Per Month Selling Dog Treats
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How Many People Buy Dog Treats?
The demand for pet treats has been a subject of interest, especially when comparing dog and cat treat preferences over the past decade. According to data from MRI-Simmons, between 2012 and 2022, the usage rate for dog treats remained relatively consistent, hovering at 76-78%. In contrast, the consumption of cat treats experienced a significant increase, rising from 51% in 2012 to 61% in 2022. As for sales channels, in-store purchases played a pivotal role, accounting for 63% of all dog treat sales in 2022. Similarly, in-store sales also dominated the cat treat market, representing 66% of total sales in the same year. These statistics shed light on the evolving preferences of pet owners and the significant role that physical stores continue to play in the pet treat industry.
How Big Is The Market For Dog Treats?
Exploring the Size and Growth of the Dog Treats Market
In the realm of pet products, the dog treats market is a substantial and rapidly expanding sector. As of 2023, this global market has reached a noteworthy valuation of US$ 36.1 billion. What’s even more impressive is its projected growth over the next decade, as it is expected to surge to an estimated US$ 275 billion by the end of 2033. This exceptional growth represents a Compound Annual Growth Rate (CAGR) of 22.5% throughout the decade, underlining the robust demand for dog treats worldwide. This surge in the market can be attributed to various factors, such as evolving consumer preferences, increased awareness of pet nutrition, and the ever-growing population of pet dogs globally. This thriving industry offers significant opportunities for businesses and investors looking to tap into the pet market’s potential.
How Often Do People Buy Dog Treats?
A study conducted by Attest provides insights into the purchasing frequency of pet food and pet treats. When it comes to pet food, a significant portion of pet owners (39%) buy these products on a weekly basis, while 35% opt for a monthly purchase schedule. In contrast, pet treats exhibit a different buying pattern, with the majority of pet parents (34%) acquiring them on a monthly basis and 24% choosing to purchase them weekly. This data was collected on May 18, 2022, shedding light on how often people buy these essential pet products.
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