Pets Market in US Expected to Exceed $25 Billion by 2010
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On-the-go pet owners who pamper their pets
like family are instrumental in the rapid growth of pet care
services—everything from doggie daycare and behavior modification to the
latest cancer therapeutics—a pet niche with sales expected to exceed $25
billion by 2010, according to Pet
Care Services in the U.S., a new report from market research publisher
Packaged Facts.
The market for veterinary, boarding, grooming, training and other services will grow 2005’s $18.19 billion to reach $25.3 billion in 2010. Veterinary services, with nearly three-fourths of the market, is being outpaced by the increasingly popular training and grooming segments, which grew at a rate of 10.5% and 8% respectively from 2001-2005. |
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