The Packaged Facts report “Gen Z and Millennials as Pet Market Consumers: Dogs, Cats, Other Pets” analyzed and tabulated what makes Gen Z and millennial pet owners unique, highlighted three opportunities for pet food marketers to most profitably appeal to the 57 million pet owners in this 18- to 39-year-old age group:
The future of the pet industry in America lies not only with millennial pet owners, but in the hands of their younger counterparts in Generation Z, who are just entering adulthood, according to the report. These demographics are critical to the bottom line of pet product and service marketers because the vanguard of the Boomer generation is reaching the age when pet ownership enters steep decline. Moreover, Boomers will be succeeded by Gen X, who spend heavily on pet products and services but are a relatively small population cohort.
“Gen Z and Millennials as Pet Market Consumers: Dogs, Cats, Other Pets” highlights pet ownership trends among Gen Z and Millennials and identifies key marketing opportunities for these two segments of pet market consumers. It includes an analysis of how Gen Z and Mllennial pet owners bond with and manage the health of their pets, and provides an in-depth view of consumer attitudes, shopping behavior and spending patterns with respect to pet products and services. It also provides separate profiles of Gen Z and Mllennial dog and cat owners as well as those in who own birds, fish, reptiles and rabbit or hamsters.
For purposes of this analysis of Gen Z and Mllennial consumers, this Packaged Facts report focused on pet owners within the following age segments:
Consumer data in this report derive from two primary sources. The first source consists of Packaged Facts National Pet Owner Surveys conducted in December 2016 and February and October 2017. These surveys reflect a panel of 2,000 U.S. adults (age 18+) that is balanced to the national population on the primary demographic measures of gender, age bracket, race/ethnicity, geographic region, marital status, presence or absence of children in the household and household income.
Another primary source of consumer data in this report is the Simmons National Consumer Survey for Summer 2017, which was fielded between July and August 2017. For trend analysis of pet ownership, the report uses as a baseline the Spring 2007 Simmons survey. On an ongoing basis, Simmons conducts booklet-based surveys of a large and random sample of consumers (approximately 25,000 for each 12-month survey compilation) who in aggregate represent a statistically accurate cross-section of the U.S. population.
In addition, U.S. Government data sources include data from the U.S. Census Bureau and the Consumer Expenditure Survey of the Bureau of Labor Statistics (BLS). The age groupings used by BLS data (18 to 24, 25 to 34 as well as 18 to 35) generally conform with those used by other data sources used in this report. The report is also based upon data collected from industry sources such as company websites, trade publications and consumer blogs.
By Lindsay Beaton
This country is straddling the line between developing and developed as more of its citizens see the value in pet ownership.
By Lindsay Beaton