- Despite slowing rates of pet adoptions post-COVID, pet ownership continues to grow across all age groups with Millennials leading the way.
- E-commerce accounts for 36% of total sales and is expected to reach 45% by 2026.
- Online pet supply sales in the US are expected to double to almost $60 billion by 2030.
- A 2023 study by Morgan Stanley found that nearly half (40%) of pet industry revenue is driven by services such as grooming, veterinary care, training, insurance, transportation and daycare....
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