Source: Petfood Industry
According to Packaged Facts’ 2024 report, 50% of U.S. households own a pet, with 38% owning dogs and 24% owning cats. While overall pet ownership rates have remained steady since 2023, a notable shift in trends shows cat ownership increasing slightly while dog ownership has declined from 42% in 2018 to 38% in 2024. A key factor in this shift is the housing affordability crisis, which disproportionately affects dog ownership due to its strong correlation with home ownership, particularly single-family homes.
As housing costs rise, more people—especially renters—struggle to afford dogs. Household composition also plays a role, with higher pet ownership rates among married couples with children and higher-income households. Despite the decline in dog ownership among older generations, Gen Z and Millennials show promising trends, helping to stabilize dog ownership rates. This data highlights evolving pet ownership patterns influenced by economic and demographic factors in the U.S.
Read the full story HERE: https://www.petfoodindustry.com/blogs-columns/market-report/article/15737018/us-pet-ownership-update