January 03, 2012
Did you know that that spending on pets in 2011 topped $50 billion for the first time? That's a lot of dog collars, don't you think!
Actually, we spend on everything from pet accessories and food to veterinary care and services such as boarding and pet sitting. To put $50 billion in perspective, the pet industry tops the book publishing ($31 billion) and women’s clothing ($41 billion) industries by a healthy margin.
Want to know what is driving pet spending in 2012? Hop on over to the Embrace site for an in-depth look at pet-related trends for 2012.
Pet Industry Trends 2012
Pet Industry Trends 2011
Pet Industry Trends 2010
Pet Industry Trends 2009
Pet Industry Trends 2008
Pet Industry Trends 2007
Pet Industry Trends 2006
About the author: Laura Bennett FSA CFA is the CEO and Co-Founder of Embrace Pet Insurance. Her career working in the insurance industry has taken her from Toronto, Canada and Dublin Ireland to the US, where she obtained her MBA from the Wharton School of Business at the University of Pennsylvania. Laura was the first pet insurance actuary in the United States and was named to the Society of Actuaries Top 100 Actuarial Pioneers for her ground-breaking work in pet insurance. Laura strongly believes in furthering awareness of pet insurance across North America and leads that work in her third year as Chairman of the Board of NAPHIA, the North American Pet Health Insurance Association. Laura also writes a blog on pet-related issues, the Embrace Pet Insurance blog.
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