With more than 65% of American families having a pet, pet care-including food, accessories, veterinary services and grooming-is big business, according to a news report .
American Pet Products Association data shows spending on pet care was US$43.2 billion in 2008 and is expected to cross US$45 billion this year.
According to IBISWorld , an industry and market research firm, pet stores are expected to touch US$11.45 billion in revenue this year. A growth of 5% over the next five years is expected in pet care, training and pet sitting.
Veterinary services accounted for US$22.3 billion in 2008 and is expected to grow 4.3% over the next five years.
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By Lindsay Beaton
Pet food safety is top-of-mind all along the production line, and everything from the ingredients to the equipment must offer solutions.
Feature
By Debbie Phillips-Donaldson
Many hours, efforts, dollars and brainpower go into pet food companies’ and regulatory bodies’ efforts to ensure that products on the market are safe and healthy for pets.