Can pets influence household purchases?

Can pets influence household purchases?

Pet ownership appears to be influencing home-buying decisions, too, with nearly 90 percent of pet-owning buyers said that their animals’ needs were important or very important in their home search process. In fact, many pet-owning home buyers credit their pets with influencing them to buy a home in the first place.

Can you say no pets renting?

Under the new Model Tenancy Agreement, landlords will no longer be able to issue blanket bans on pets. Instead, consent for pets will be the default position and landlords will have to object in writing within 28 days of a written pet request from a tenant and provide a good reason.

How much pet food is sold per year?

Pet food’s 9.7% increase helped the overall U.S. pet care market reach a milestone of exceeding US$100 billion. Pet food and treat sales in the U.S. increased 9.7% in 2020, adding US$3.7 billion for a total of $US42 billion for the year, according to the American Pet Products Association (APPA).

How many Millennials own pets?

Millennials are a generation of pet parents. YPulse’s recent survey found that 76% of 20-38-year-olds have a pet, with over half reporting they have dogs and 35% owning cats.

Is the pet industry growing or shrinking?

1. It’s estimated the US pet industry reached $99 billion in 2020. The industry is steadily growing, year by year. It grew from $97.5 billion in 2019 to $99 billion in 2020.

Is the pet food industry growing?

The global pet food market size was estimated at USD 87.08 billion in 2019 and is expected to reach USD 92.66 billion in 2020. The global pet food market is expected to grow at a compound annual growth rate of 4.6% from 2020 to 2027 to reach USD 124.9 billion by 2027.

Which generation owns the most pets?

During a survey conducted in 2020/21, it was revealed that Millennials represented the biggest share of pet owners in the United States (32 percent), followed in second place by Baby Boomers (27 percent). Generation Xers came in third, representing some 24 percent of pet owners.

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