From more expensive, healthier food for Fido and Mittens, to veterinary insurance, health and wellness programs, pet sitting and specialty products, Americans are spending more on their pets than ever before.
Americans spent a record-high $55.7 billion on their pets last year, according to a report in the Boston Globe. That amount is expected to approach $60 billion in 2014. The information comes from a chief executive of the American Pet Products Association at the Global Pet Expo this week in Orlando, Fla.
Last year, more than 3,000 products aimed at your pet debuted at the expo—just to give you an idea of how big the market is when it comes to our four-legged friends.
What did pet owners spend the most on in 2013? Pet food. Consumers spent $21.57 billion for food last year and in many cases it was for more expensive and healthier fare, according to the report.So we want to know. How much do you spend on your pet? What’s the most lavish item you’ve purchased for your four-legged friend? Tell us in the comments section below.