Economy can't leash spending on pets

Economy can't leash spending on pets Americans spent $50. 51 billion on other services and $2. 01 billion on vet care, $10. 94 billion on supplies and over-the-counter medicines, $3. He estimated 2012 sales would total $53 billion. In 2011, people spent $19. When they go on vacation, they want to make sure their pets are well cared for," she said. "I don't think this is a bad thing. Owners are taking care of their pets, said Dr. "They are planning ahead. com . 9 percent from $3. 79 billion in 2011. 13 billion on live animal purchases. APPA President Bob Vetere said 2012 need to be another banner year for services, predicting it would grow 8. 11 billion in 2012. Pet ownership is becoming less of an impulse decision, Vogelsang said. ' People are more interested in pets than ever before but they are taking their time, once they make the commitment, to do it right. The pet industry is also a major attraction for entrepreneurs and investors looking for creative and innovative products, Vetere said. Vogelsang believes the trend is toward "very specific items geared to the specific needs of pets. Then there are bionic toys for destructive chewers, a large amount of very niche items," she said. Food sales did slow going down, Vetere said, even though the 5. Pet insurance is another area that is expected to grow briskly, Vetere said. 14 billion on live animal purchases. In 2010, they spent $18. APPA numbers indicate that animal sales and adoptions are flattening out and the number of people who switched over to high-end food products is topping out. "Insurance makes such a difference in the health of an animal," Vogelsang said. It's literally a life-saver and I'm really glad people are embracing the concept," the veterinarian said. 77 billion on supplies and over-the-counter medicines, $3. 79 billion on other services and $2. Economy can't leash spending on pets Trade News selected by Local Linkup on 10/03/2012