In the "Blue Book of the Pet Industry: 2022 China Pet Industry Development Report", we conducted in-depth research on the data content of the international pet market, hoping to comprehensively present the overall picture of the international pet market in 2022.
In 2021, the retail sales of pet products in North America reached 69 billion US dollars, a year-on-year increase of 10%, accounting for 42% of the global pet product market size, and is one of the mature markets for pet consumption worldwide. The epidemic and the widespread use of remote work have given North American pet owners more time to accompany their pets, promoting the trend of "anthropomorphism" and high-end pet consumption in the region. The North American pet product market continues to grow positively, increasing to $72.9 billion in 2022 and expected to exceed $83.4 billion in 2027, continuing to lead the global pet market.
In recent years, the number of pet dogs and cats in North America has increased year by year. In 2021, the total number of dogs and cats will increase from 170 million in 2017 to 191 million. Under the influence of the COVID-19, the demand for pet breeding in North America will further increase, reaching 195 million in 2022.
The number of pet cats has exceeded the number of pet dogs since 2020, and it is expected that the cat population in North America will further increase in the next five years. In addition, the number of small mammals/crawling pets is expected to continue to grow.
The prospects for the pet healthcare market are promising. From 2017 to 2022, the number of veterinarians and pet healthcare institutions in North America continued to grow, with more than 120000 people and more than 30000 pet healthcare institutions expected to increase respectively by 2022.
Due to the increase in medical costs, pet owners' awareness of purchasing pet insurance has been increasing year by year, and the North American pet insurance industry is thriving. As of the end of 2021, the total effective premiums for North American pet insurance exceeded $2.837 billion, an increase of 30.5% compared to $2.175 billion in 2020, with over 4.41 million insured pets and an increase of 27.7% compared to 2020 (approximately 3.45 million insured pets).
In summary, the trend of "anthropomorphism" and high-end pet consumption in North America has been sustained, and the North American pet product market continues to grow positively, leading the global pet market.
The prospects for the pet healthcare market are good. Despite the severe impact of the epidemic, pet owners still persist in finding and purchasing high-quality health products for pets, and pet medical institutions are also constantly developing; Due to the high medical costs, it has promoted the rapid development of the pet insurance industry.
