WASHINGTON and NEW YORK and LONDON, March 25, 2016 /PRNewswire/ -- MarketResearch.com published a blog post highlighting the top Millennial pet ownership trends that are shaping the future of the American pet industry.
To learn more, visit our blog: http://hubs.ly/H02r-PF0
Between 2007 and 2015, Millennials were responsible for 43% of the growth in the number of pet owners in the U.S. In 2014, Millennials spent a total of $10.6 billion on their pets. In the coming decade, Millennial consumers will play an even more significant role in the pet industry as they account for an ever-growing share of pet expenditures.
The blog post highlights four key trends:
- Millennials are driving pet ownership.
- Millennials are changing the way pet products are purchased.
- Millennials spend more on pet products and services.
- Millennials pay attention to the health and wellness of their pets.
The blog cites new research from the report Millennials as Pet Market Consumers by industry expert Packaged Facts. This report explains why and how marketers of pet products and pet care services need to be attuned to the expectations of Millennial pet owners as consumers.
To learn more about this evolving industry, check out the report Millennials as Pet Market Consumers: http://www.marketresearch.com/Packaged-Facts-v768/Millennials-Pet-Consumers-9858011/?progid=88509
This Packaged Facts report is also available on www.profound.com, where subscribers are able to purchase the individual sections, chapters, tables, or charts of a report they need without having to pay for the pieces they don't.
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