Pet Economy Report

Bloomberg Intelligence's Pet Economy Report Statistics

Global pet industry projected to grow from $320 billion to $500 billion by 2030.
U.S. expected to remain the largest pet market, with sales nearing $200 billion.
Growth driven by increased spending on pet healthcare, leading to longer pet lifespans.
Pet pharmaceutical market may surpass $25 billion; preventive-care diagnostics potentially a $30 billion market.
Global pet food market anticipated to exceed $135 billion, a 52% increase from current levels.