Source: Pet Food Processing
Rising costs are making dog ownership increasingly unaffordable for many Americans, despite continued interest in canine companionship. According to Packaged Facts, dog-owning households declined more than 4% between 2019 and 2025, while cat-owning households increased 4%.
Housing affordability represents a major obstacle, particularly for younger consumers. Homeowners are nearly twice as likely as renters to own dogs, while high mortgage rates, home prices, and rental restrictions discourage potential owners. Inflation has also increased expenses for pet food, Veterinary services, grooming, and other necessities. A May 2026 survey found that 74% of pet owners expressed concern about rising pet food and Veterinary costs.
Meanwhile, affluent households continue purchasing premium products and services, masking financial pressures affecting other consumers. Although pet food sales reached approximately $69 billion in 2025, growth has largely reflected inflation rather than increasing pet populations. The findings suggest affordability, rather than declining interest, threatens future dog ownership.
Read the full story HERE: https://www.petfoodprocessing.net/articles/21046-companionship-costs-why-dog-ownership-is-becoming-harder-to-afford