In 2022, pet ownership in the United States declined from 70% to 66%, according to the 2023-2024 American Pet Products Association (APPA) National Pet Owners Survey, representing approximately 86.9 million households with pets. Dogs remained the most popular pets, with 65.1 million households owning them, surpassing cats at 46.5 million households. Despite the decline in ownership rates, pet spending increased, with U.S. residents spending $58.1 billion on pet food and treats in 2022, marking an 11% increase from the previous year. This was attributed to higher inflation rates.

The survey also revealed a shift in pet ownership demographics, with a more even split between older and younger generations. Baby Boomers’ ownership decreased from 29% in 2018 to 24% in 2022, while Gen X’s ownership slightly increased to 25%. Gen Z, the youngest generation, showed the most growth, with their pet ownership rising from 11% in 2018 to 16% in 2022 as they set up their own homes.

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