As a life long dog owner, I love following pet trends. The Mini Trends blog has a nice post on both pet trends and the "Petrepreneurs" who are building businesses related to pets.
The post has a good "state of the pet nation" description:
"Even though more households have a dog than a cat, cats have the upper paw, with 93.6 million feline pets compared with 77.5 million canines. However, there are more pet fish than cats and dogs combined: 171.7 million of them swimming in American aquariums. Rounding out the menagerie are 15 million birds, 13 million horses, and, yesss, over 13 million reptiles."
We spend a lot of money on our pets, almost $50 billion in 2010. The chart below shows the amazing growth of in the amount we spend on our pets.
I'm also struck by the total amount we spend on pets and how it continues to grow at a much faster rate than inflation and the overall economy. This trend will likely continue due to an increasing number of "pet parents" - mostly aging baby boomers - who dote on their pets.
For more on pet trends, see Pet Business Trends 2011 by the CEO of pet insurance company Embrace.
(Note to Mini Trends blog: I think "Petrepreneurs" sounds like a dinosaur. How about "Pet-preneurs" with or without the hyphen instead.)