#Packaged Facts

Report: 4 factors transforming veterinary industry

June 1, 2018

Growing competition for flea and tick medication sales online, the aging demographics of the veterinary profession, the heavy debt load of recent veterinary school graduates, and the money being offered by consolidators are transforming the veterinary industry, according to market research firm Packaged Facts’ Pet Industry Outlook: Veterinary Services and Pet Product Retailing. Consolidation and ecommerce trends that in large part are fueling the shifts tie in to significant changes in …

US pet owners spent nearly $3B on grooming services in 2017

May 3, 2018

Data released by market research firm Packaged Facts shows that U.S. pet owners spent nearly $3 billion on animal grooming/spa services and products in 2017. The firm, which is partnered with the nonprofit American Pet Products Association, links the expenditure to the increasing trend of pets being considered as family members, citing that 76 percent of those surveyed said it was “important to keep their pets clean and fresh-smelling.” “Treating pets as family members …

US pet industry sales reach $86 billion, growth projected

March 14, 2018

The U.S. pet industry continues along a healthy growth trajectory, with overall sales of pet products and services rising almost 5 percent last year. Burgeoning online sales and strong numbers in veterinary services and pet food contributed to the advancement of the market, which Rockville, Md.-based market research firm Packaged Facts estimates at $86 billion in the brand new report U.S. Pet Market Outlook, 2018-2019. Sales of retail channel pet food made …

4 things veterinarians, pet marketers must know about Gen Z, millennials

March 13, 2018

Pet ownership in the U.S. is trending younger and younger. The 57 million pet owners under age 40 account for 41 percent of all pet owning adults in the United States. Over the past decade Gen Z (18- to 24-year-olds) and millennials (25- to 39-year-olds) accounted for more than half of the growth in the pet owner population, according to Rockville, Md.-based market research firm Packaged Facts in the company’s new report 
New on

Join VPN Plus+ today to get access to exclusive content like:

Reducing the risks of equine anesthesia
From antioxidants to vitamins, many supplements lack official testing
A practical guide to compassionate care, for all parties involved
Just how family-friendly is our profession?
Join Now!
COVID-19
Drug, medical supply shortages due to COVID-19 may disrupt veterinary care
COVID-19 myths debunked in webinar
Veterinary students commence despite COVID-19 restrictions
One Health approach drives COVID-19 testing partnership
Support shelters get $400k shot in the arm