Pet Care Industry Outlook for 2030 | Morgan Stanley

Spending growth in the pet industry could reach 7% annually by 2030, after below-average growth of 2.5% projected in 2024 and 3.9% in 2025. “That’s a whisker below the previous Morgan Stanley survey of pet owners in 2022, but still outpaces nearly all retail subsegments and is one of the …

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Pet Care Industry Outlook For 2030 | Morgan Stanley

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Pet Industry Investing: A Long-Tail Trend? | Morgan Stanley

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Apr 7, 2021 · Average annual household spending per pet could grow from $980 in 2020 to $1,292 by 2025 and expand further to $1,909 by 2030, Morgan Stanley forecasts. More …

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US Pet Industry May Reach US$275 Billion By 2030

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Tim Wall. August 3, 2021. (Ivanko Brnjakovic | Fotolia.com) Analysts with Morgan Stanley believe the pet industry in the United States may reach US$275 billion by 2030, up from US$118 …

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Pet Care Industry Outlook For 2030 – Morgan Stanley

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Nov 2, 2022 · On the household level, Morgan Stanley predicts spending to increase to $1,320 per pet by 2025, while reaching $1,897 by 2030. That compares with the previous outlook for …

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Pet Industry Investing: A Long-Tail Trend? | Morgan Stanley

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Learn why the $100 billion pet industry could nearly triple to $275 billion by 2030, thanks to a surge in new owners and more spending on pets. Investor Relations; ... At Morgan Stanley, we …

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Consumers: Thoughts On The Market | Morgan Stanley

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Apr 15, 2021 · The pet care industry was a nearly $120B industry pre-covid, and we expect it to nearly triple by 2030 - in less than a decade. One of the most powerful secular growth stories …

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Pets Set To Be A Long-tail Investment Trend – Morgan Stanley

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Apr 8, 2021 · Average annual household spending per pet could grow from $980 in 2020 to $1,292 by 2025 and expand further to $1,909 by 2030, Morgan Stanley forecasts.”. “After food …

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Sparkle Set To Disrupt An $11b Industry - Sparkle

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Feb 12, 2024 · 2 Morgan Stanley: Pet Care Industry Outlook for 2030 About Sparkle Grooming Corp. Sparkle Grooming Corp. was founded in 2022 with the vision to disrupt the status quo …

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Morgan Stanley: Pet Care Sales To Reach $275 Billion In 2030

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8 Mar 2021. Morgan Stanley projected the pet care industry will reach $275 billion in 2030, reflecting an 8% topline compounded annual growth rate (CAGR) driven by tailwinds from …

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Why Pets Could Be A Long-Tail Investment Trend - 3BL Media

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Jun 1, 2021 · Average annual household spending per pet could grow from $980 in 2020 to $1,292 by 2025 and expand further to $1,909 by 2030, Morgan Stanley forecasts. More …

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Tech And Innovation: 2030 Outlook | Morgan Stanley

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4 days ago · A Morgan Stanley Research survey showed that multi-earners who use generative AI tools to enhance their productivity or efficiency make an additional $8.50 per hour, …

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Are Pet Care Stocks An Attractive Investment? - CMC Markets

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Nov 15, 2022 · Research published by Morgan Stanley earlier in November predicts the pet care industry will grow at a compound annual growth rate of 8% over the rest of the decade. The …

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FAQs about Pet Care Industry Outlook for 2030 | Morgan Stanley Coupon?

Will the pet care industry reach $275 billion in 2030?

Morgan Stanley projected the pet care industry will reach $275 billion in 2030, reflecting an 8% topline compounded annual growth rate (CAGR) driven by tailwinds from pandemic-era purchasing and pet ownership trends. The financial institution’s Economics, Housing and AlphaWise research teams compiled several data points to come to this conclusion. ...

How much would a pet industry spend in 2025?

Annual pet spending per household could reach $1,292 by 2025 and $1,909 by 2040 based on pet spending and pet ownership trends, according to the firm. This would result in a total industry spending increase of 134% over the next 10 years. ...

How much will pet services cost in 2030?

Among spending categories, pet services such as animal health are expected to be the main driver of growth, more than doubling to $112 billion in 2030 from $48 billion in 2019 and outpacing growth in pet consumables, the largest spending category. Vet services, in particular, will likely experience a surge in demand over the next decade. ...

How big is the pet grooming industry in 2025?

By 2025, the pet grooming product industry is projected to grow to $14.5 billion. Out of the 3.1 million insured pets in the US, 83% of them are dogs and 17% of them are cats. During 2022-2025, the pet accessories market is expected to grow by $9.2 billion. More than 50% of pet owners are willing to pay more for eco-friendly pet care products. ...

How big is the pet supplement market in 2023?

Pet supplement sales reached $2.49 billion in 2023. By 2025, the pet grooming product industry is projected to grow to $14.5 billion. Out of the 3.1 million insured pets in the US, 83% of them are dogs and 17% of them are cats. During 2022-2025, the pet accessories market is expected to grow by $9.2 billion. ...

How much is the global pet market worth in 2023?

The global pet market is worth $246 billion. People in the USA spent $89 billion on their pets in 2023. In 2023, there was an 16% increase in pet food sales in the USA. Millennials lead the pack in terms of pet ownership by generation, with 33% of people born between 1981-1996 being pet parents. ...