Survey: Pet inhabitants will increase, pet spending declines
The American Veterinary Medial Affiliation (AVMA) introduced its preliminary knowledge from the 2024 AVMA Pet Possession and Demographic Sourcebook in the course of the 2024 AVMA Veterinary Financial and Enterprise Discussion board, held just about October 8-9.
In accordance with the outcomes, the pet inhabitants continues to extend however at totally different charges for canines and cats. Canine have reached their highest numbers but after taking a dip final yr whereas the variety of cats continues to extend incrementally. The proportion of U.S. households that personal canines and cats have additionally elevated steadily.
The outcomes additionally confirmed canine homeowners spent much less total on their pets this yr in comparison with 2023,whereas cat homeowners spent barely greater than they did in 2023. Veterinary care made up about one-third of complete spending on pet-related bills in both yr; nonetheless, the typical quantity spent per family on veterinary look after pets decreased by 4% from final yr to this yr.
- Canine inhabitants development (1996-2024): Elevated from 52.9 million in 1996 to a peak of 89.7 million in 2024, with a slight dip to 80.1 million in 2023.
- Cat inhabitants stability (1996-2024): Remained comparatively secure, rising from 59.8 million in 1996 to 73.8 million in 2024, peaking at 81.7 million in 2006.
- Canine-owning households: Elevated from 31.3 million households in 1996 to 59.8 million in 2024, displaying a quicker development fee than cat possession.
- Cat-owning households: Grew extra step by step, from 27 million households in 1996 to 42.1 million in 2024.
Meaning households with canines now account for practically half (45.5%) of all U.S. households in contrast with the low of 31.6% in 1996. Cat-owning households, then again, comprised practically a 3rd (32.1%) of all households in 2024 versus 27.3% in 1996.
For each canine and cat homeowners, an amazing majority (88.8% and 84.7%, respectively) view their pet as a member of the household.
The sourcebook will probably be out there later this fall. It covers knowledge on the pet inhabitants, pet-owning households, pet proprietor demographics, pet acquisitions, veterinary visits and pet-owner spending.
Responses got here from pattern surveys of U.S. households in 2023 and early 2024.
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