Small Business Labs: Spending on Pets Continues to Grow

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June 20, 2008

Spending on Pets Continues to Grow

We have 4 dogs and 1 cat in our family. How this happened is a long story, but between food and health care (2 of the dogs are old) we spend a lot of money on our pets.

According to the Yankelovich Monitor Minute, we are not alone. Key quote:

"In 2007, Americans spent $41.2 billion on their pets, an increase of 142% from the $17 billion spent in 1994."

Some of the more interesting pet related small businesses mentioned by Yankelovich:

Dogcars.com - a blog on pet friendly cars and travel.
Eddies Wheels for Pets - wheel chairs for handicapped pets.
The Barkely Pet Hotel and Day Spa - exactly what is sounds like.

The Yankelovich Monitor Minute is quite interesting and covers a wide variety of consumer research and trends. Well worth reading and/or subscribing to.

Posted by Steve on June 20, 2008 at 01:02 AM in personal businesses, Pet Trends | Permalink

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Small Business Labs

Tracking and Forecasting the Trends Impacting the Future of Small Business