It’s been said that there is something about the presence of a pet that takes the bite out of being alone.
But caring for pets does take a bite out of your wallet. With an estimated 86 million cats and 78 million dogs in the U.S., it’s expected that $50.8 billion dollars will be spent on all pets this year. And according to this year’s Customer Loyalty Engagement Index here are the loyalty leaders for canned food for cats and dogs:
Top Cat Food Brands
- Purina
- Hills
- Whiskas/Iams
- Fancy Feast
- Friskies/Meow Mix
- 9 Lives
Top Dog Food Brands
- Purina One
- Alpo
- Pedigree
- Hills
- Gravy Train/Iams
Many pets are truly pampered. Owners get them holiday and birthday presents. And beyond the necessities, buy high-tech toys, high-end gifts, gourmet treats, and brand name shampoos and attire. Pet owners groom them and provide routine and specialty veterinary care. Those alone account for nearly $18 billion. But the bulk of the money, nearly 38% of the total spend, goes towards food, an estimated $19.5 billion.
Or $137 billion in dog money!