Pets are a Fast Growing Billion $ Industry
It's well known that pet food is a big industry, but the non-food pet industry is no smaller.
Pampering pets has become big business in US & Canada, with items such as apparel, shoes and carseats helping to drive sales in a pets non-food market estimated to be worth as much as $4.5 billion a year in Canada alone and about $10 billion in the US.
Today's pet owners can find just about anything for their pets - from rhinestone sunglasses or hiking boots for their dogs, to seatbelt harnesses and Harley-Davidson-themed collars for cats. There are wheelchairs to assist pets with disabilities,
lifejackets and strollers for dogs, dog apparel, dog jewelry and dog perfume, filet mignon-flavoured toothpaste for those who want to make pet's teeth more palatable and multiple designer options, including pet carriers from major designer / apparel brands. In the veterinary field in major city centres in Canada they might soon have cancer specialists and chemotherapy for pets!
According to statistics, Canadians have increased spending on their pets from $277 per household in 1999 to $377 in 2005. In the U.S., the non-food pet supplies market is forecast to grow from US$9.9 billion in 2006 to nearly US$15 billion by 2011.
Read the entire report on this attractive industry from here @ Business Edge Canada
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