Dublin, Dec. 22, 2014 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/8hwrkp/pet_population) has announced the addition of the "Pet Population and Ownership Trends in the U.S." report to their offering.
Although growth in pet ownership has leveled off in the past five years, more than 200 million pets of all kinds continue to enliven 65 million American households. These include 45 million households with dogs, 30 million with cats and nearly 20 million with other pets such as fish (6.7 million households), birds (4.1 million households) and reptiles (3.7 million households). Dogs and cats in particular have kept their special place in American culture. The vast majority of dog and cat owners consider their pets to be members of the family, and most owners think of their dogs or cats as being vital to their mental and physical health.
Yet, storm clouds may be brewing for the pet industry. Between 2015 and 2020, as the boomer cohort continues to move into their late 60s and beyond, the number of Americans in the 65+ age group is expected to increase nearly four times faster than the growth in the adult population as a whole. This rapid acceleration in the aging of America has raised an alarm for the pet industry because pet ownership drops off with age. 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.
Key Topics Covered:
Chapter 1: Executive Summary
Chapter 2: Topline Trends and Insights
Chapter 3: Dog Population and Ownership Trends
Chapter 4: Cat Population and Ownership Trends
Chapter 5: Pet Population and Ownership Trends:Other Pets
For more information visit http://www.researchandmarkets.com/research/8hwrkp/pet_population
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Source:Research and Markets