Author: Richard Kestenbaum

Is pandemic-driven pet industry growth a good thing in the long run? getty The pet industry is doing amazing in 2024 so far. According to Michigan State University, the pet industry will have a total contribution to the economy in 2023 of $303 billion, an increase of 16% from 2022. According to The Bolen Group, weekly sales of petcare products through February 2024 are growing three times faster than the rest of the fast-moving consumer goods category and the industry’s largest trade group expects industry revenue growth of nearly 3% by 2024. According to the Human-Animal Bond Research Institute, 98%…