- One in two owners say pets are just as important as human members of their family, a survey found.
- Animal lovers are paying more for healthcare, grooming, and splurging on treats.
- The US pet industry will be worth $200 billion a year by the end of the decade, Bloomberg forecasts.
One in two pet owners think their furry friends are as much a part of their family as a human, according to a new survey.
The Pew Research Center found that almost two thirds of Americans have a pet, with 51% of respondents saying their four-legged friends are just as important as a child or partner.
The online research surveyed the views of just under 3,000 pet owners in April. It found women were more likely to consider their pets equal to a human family member (57%) than men (43%).
The US is the world’s largest pet market and expected to be worth $200 billion by 2030, according to Bloomberg. From pet insurance, to doggy daycare, and celebrity groomers, Americans are willing to spend big when it comes to their beloved fur babies.
On average, a decent pet insurance plan costs between $30 and $50 a month, while owners of large-breed dogs that require grooming services can expect to pay at least $100 for a full bath and haircut.
Food expenses can vary based on the quality, the size of the animal, and whether you opt for fresh ingredients or kibble.
According to the Bloomberg report, the growth in the pet industry is mostly driven by the rising cost of vet care including visits, pharmaceuticals, and diagnostics that are making it possible for pets to live longer.
Despite the high cost of pet ownership, some dog owners still feel able to splash out. San Francisco’s Dogue is a cafe and pastry shop just for dogs where a customer spent $75 so her pup could enjoy a tasting menu, for example.
The experience included table service and dishes for her dog that would normally cost at least $27. The experience ended with steak tartare made with filet mignon and quail egg.
“I’d save this splurge for a special event, but I’d go back to Dogue, maybe next time with a group,” Kristen Hawley wrote.
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