According to the 2017-2018 American Pet Products Association’s National Pet Owners Survey, there are more than 94 million dogs and nearly 90 million cats in U.S. homes.
The total amount of money spent on pets in 2018 was estimated at $72.13 billion, up from $69.51 billion in 2017. And more than $29 billion of that was spent on pet food in 2017. Cat and dog owners spent an average of $235 annually on food and additional money on food treats ($72 for dog treats, $56 for cat treats). According to APPA data, these numbers have been increasing steadily for the past few decades, and all signs point to them continuing to grow.