Pet ownership trends are being widely studied in the U.S. and other countries around the world. Not only do the statistics and facts obtained from these studies reflect how pet ownership is changing over the years, but they also help predict future trends for some of the associated industries.
The pet industry benefits the most from these studies as they give a more or less clear idea of what kind of pets are most popular among owners, which age group prefers to keep which animals as pets, how the pet ownership trends are expected to change in the next few years, and more. In the Birds Coo Publishes Report On Pet Ownership In The United States/World report, statistics say that in 2019, a total of $95.7 billion was spent on pets, which was expected to increase to $99 billion in 2020. This information helps businesses understand how demand may change and which sectors can be more profitable.
Surprisingly, pet ownership stats also affect the real estate business. Homebuyers are found to be increasingly concerned about the comfort of their pets. 95% of homebuyers put their pets’ needs ahead of everything else when buying a home.
Apart from the business perspective, studies on pet populations and pet ownership are also helping researchers and animal activists understand the diversity in these fields based on various factors. For example, Middle Eastern countries have some of the lowest dog populations as dogs are considered unclean animals in Islamic traditions. This is an indicator of how pet ownership depends on cultural and religious beliefs.
In the last ten years, pet ownership among the 70+ generation saw a rise from 41 to 45%. This shows how pet ownership varies with age. The elderly are more in need of companionship, which is probably why the percentage of pet owners in that age group is growing.
The statistics have also shown that people are now keen on adopting pets from animal shelters, rather than only buying from breeders. In 2019-20, 19% of pet dogs were adopted from animal shelters in the U.S., while buying from breeders also accounted for 19%. Seeing an equal percentage of pets being adopted as against pets being bought gives hope that soon adoption from shelters may see a surge.
About Birds Coo
BirdsCoo.com is a pet care blog that shares innovative ideas and useful advice for bird owners. The blog specializes in care advice for pet birds that include Canaries, Cardinals, Cockatoos, Parrots, and Parakeets, among others. It also shares fun ideas and guides for DIY cages, toys, and costumes for pet birds. Birds Coo offers everything a bird owner needs to know about care and grooming on a single platform. Check out the blog for more interesting information on pet care.
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