During the pandemic, the number of adopted pets increased significantly in the United States. More than 23 million American households — nearly 1 in 5 nationwide — adopted a pet during the pandemic, according to the American Society for the Prevention of Cruelty to Animals (ASPCA). It's not hard to understand why people are so passionate about pets – they quickly manage to fill our lives with joy and affection.
However, the love for furry friends is not something recent or fleeting. There are studies that claim that the pet industry has been growing more and more over the years, revealing what an important role pets play in the lives of people. According to Statista, there are now more pet-owning households then there are those with children, some 84.6 million strong as compared with 52.8 million with kids. That works out as 41.4% of American households have pets. . Globally, the pet care market size was USD 207.90 billion in 2020 and is estimated to reach USD 325.74 billion by 2028, according to the Forecast Report by Fortune Business Insights. There is huge potential when it comes to animals. When it comes to accessories, there are several options that can be developed for your pet – from clothes and collars to even accessories that match the pet parent’s style – the options are limitless.
There’s nothing more fulfilling than starting a successful company in an industry that excites you. So, if you are a pet lover like us, schedule your Design Consult now and start creating your own line of accessories for your best friend!