The Pet Care Industry
Revenues Show Steady Growth
According to the APPA, American Pet Products Association pet boarding, grooming, and daycare accounted for $5.76 billion of the $66.75 billion dollar pet industry in 2016. The pet industry has grown 73.4% since 2006.
The Ark's first location opened in 2006 right before the Recession that devastated many small businesses in the United States. While other businesses were failing The Ark was thriving, boasting double digit sales percentage growth rates through the worse periods in 2008 and 2009.
2017-2018 APPA National Pet Owners Survey Statistics: Pet Ownership & Annual Expenses
According to the 2017-2018 APPA National Pet Owners Survey, 68% of U.S. households own a pet, which equates to 84.6 millions homes compared to 56% of U.S. households that owned a pet in 1988.
Number of U.S. Households that Own a Pet (millions)
7.90 - Bird
6.7 Small Animal
*Statistics provided by American Pet Products Association's 2017-2018 National Pet Owners Survey.
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