Pet ownership had been pretty steady for the past 10+ years, with about 54% of American households having at least one pet. And then 2020 happened. In the past year, pet ownership has skyrocketed! People with more flexible work-from-home schedules, or just realizing the importance of having a loving companion during periods of lockdown and isolation may be driving this trend. Experts are estimating 3 million new families welcomed animals into their home in 2020! What does this mean for you? Besides more people discovering the joy and love that only an animal can bring to their lives, this could continue to grow the pet supplies industries, bringing many new toys, treats, and other experiences and products to animal lovers. This upwards trend in pet ownership is great news for everyone!
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