The pet products industry continues to experience growth, with spending increasing by nearly 11% over the past year. As owners prioritize the health and happiness of their pets, the market for pet products remains healthy, according to the American Pet Products Association (APPA).1
The industry sees more than $135 billion in sales in 2022, reflecting a 10.8% increase in spending from 2021. Results from an APPA survey also indicated that $58.1 billion was spent by owners on pet foods, including treats, in 2022—an increase of 16.2% from the previous year. Although pet food was the highest spending category and saw the largest increase in spending for the industry, other categories also experienced growth in spending, including veterinary care products, pet supplies, and prescription drugs.1
In results from an APPA survey of pet owners, two-thirds of respondents consider their pets in their financial plans. Pet owners showed commitment to the standard of care of their animals, including diet (75%) and brand loyalty (56%), in contrast to respondents (31%) who had a general view of discretionary pet supplies and plan to reduce spending on those purchases.1
In 2022, dvm360® published our first Top Recommended Veterinary Products guide, a useful resource to help owners make informed decisions based on the expert opinions of our veterinary readers. While veterinary professionals continue to advise clients on product choices for their pets, our recommendations provide guidance by showing the brands and products that are highly recommended by their peer
The second annual Top Recommended Veterinary Products survey, conducted by The Agency Network at MJH Life Sciences®, asked more than 800 companion animal veterinarians for their recommendations on brands in pet product categories including companion animal food and treats, behavior, nutraceuticals, oral health, dermatology, prevention on parasites, and toys. The pages of this publication are organized by product category and contain detailed pie charts showing the percentage of veterinarians recommending each product. (Survey results total 100%; percentages shown on charts are rounded.)
Additionally, these product recommendations can be found online, where information can be found by category. Articles with additional information about these categories are also included in print and on our website. We hope you find our survey results useful and enjoy reading the 2023 Top Recommended Veterinary Products guide.
Reference
1. The latest pet ownership and spending data from APPA shows the continued strength of the national pet industry in the face of economic uncertainty. News release. American Pet Products Association. March 23, 2023. Accessed June 9, 2023. https://www.americanpetproducts.org/press_releasedetail.asp?id=1267
