Pet & Pet Supplies Stores NAICS 459910

Jul 30, 2025 - Cat Ownership, Supplement Purchases On the Rise: Report

• Cat ownership and cat product purchases are on the rise, according to the 2025 Dog & Cat Report conducted by the American Pet Products Association (APPA). Cat ownership grew 23% in 2024, with 49 million households reporting owning a cat compared to 40 million in 2023. Cat owners are also purchasing more training products and products that encourage quality time outside the home. Nearly 50% of cat owners are using some kind of training method with their cat, compared to 41% in 2024. Nearly a third of cat owners have a leash (up 22% from 2018), 22% own a harness (up 69%), and 27% own a non-flea collar (up 50%). The report also noted that 53% of dog owners and 34% of cat owners give their pets vitamins/supplements in 2024, up 6% respectively in each category over 2023.
• Consumer confidence levels, an indicator of discretionary spending, increased in July 2025 month over month, rising by 2 points, according to the Consumer Confidence Index. Consumer confidence levels have stabilized since May but remain lower than last year’s levels, according to The Conference Board, which publishes the monthly index. July’s gain can be attributed to consumers over 35 years old and shared across all income groups, except the lowest income group earning below $15K. In addition, the consumer sentiment index from the University of Michigan increased in July 2025, rising to 61.8 in preliminary July data from 60.7 in June, according to a report in the Wall Street Journal. July’s inflation expectation results were lower than June’s, when respondents expected a 5% price increase for the coming year. The index serves as a predictor of consumer spending as it indicates consumers’ perception of their financial prospects and the broader economy.

• Sales for the US pet and pet supplies retailers industry are projected to grow at a 2.01% CAGR from 2025 to 2029, slower than the expected growth of the overall economy, according to a forecast from Inforum and the Interindustry Economic Research Fund, Inc. The retail and wholesale sectors are driven by consumer spending, along with expenditure by businesses and the government. Consumer sentiment is expected to improve in the forecast period, which bodes well for the sector. The forecast said retail spending could soften with the growth of spending on consumer services. A factor that may limit consumer spending is higher tariffs on consumer goods. Lower inflation supports a moderate increase of real disposable income by about 2% in 2025 and 1.9% in 2026. Real income could suffer if prices rise due to tariff implementation.
• According to a new report in Retail Dive, the retail sector had 64,319 job cuts in the first four months of 2025, a nearly 300% increase year over year, and was the second highest industry for job cuts. The Challenger, Gray & Christmas report found retail job cuts were up almost 80% year over year in April 2025, reaching 7,235. According to Andrew Challenger, an SVP at the consulting firm, “Generally, companies are citing the economy and new technology. Employers are slow to hire and limiting hiring plans as they wait and see what will happen with trade, supply chain, and consumer spending.” The US lost 603,000 jobs in total across all industries, the most since 2020, when over one million job cuts occurred. According to the report, nearly half of the cuts in the first four months were attributed to job eliminations by the Department of Government Efficiency (DOGE).