Although growth in pet ownership has levelled off in the past five years with more than 200 million pets of all kinds in 65 million households, the rapid acceleration of Americans expected to move into their 60s and beyond between 2015 and 2020 has raised warning flags for pet industry leaders.
"Pet ownership drops off with age," says the report. "While 53% of 65 to 69-year-olds own pets, just 34% of Americans in the 70+ age group have a pet in their home."
The report, Pet Population and Ownership Trends, takes an in-depth look at these and other trends affecting the future of the pet industry. It includes detailed estimates of the size of the American pet population today and projections of the future growth in the dog and cat population. The report also provides demographic and attitudinal profiles of owners of dogs, cats and other pets such as fish, birds and reptiles.
This report and other related reports are available for online download from Packaged Facts for a fee. Visit www.packagedfacts.com for more information.
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