Press Releases: Article Detail
March 22, 2018
The Impetus Agency
APPA Releases Updated Report Detailing Pet Ownership Among Generations to Identify Trends, Changes and New Opportunities
-Generational Report Volume Two Details a Shift from Baby Boomers to Millennials-
(Stamford, CT) — Bob Vetere, president and CEO of the American Pet Products Association (APPA), announced today, the release of Volume Two of APPA’s Generational Report that delves deeper into data trends and buying behaviors of pet owners by generation. In the past few years, pet ownership in the U.S. has undergone a generational shift. No longer do Baby Boomers represent the largest portion of pet owners; now Millennials are the largest segment. With more Millennial pet owners than ever before, it is critical for the pet industry to understand how Millennials differ from the other generations when it comes to pet ownership.
“It’s critical that the pet industry pay close attention to trends in pet ownership by generation as the Millennial generation continues to grow as does their buying power,” said Vetere. “We recognize, as do many industries, that Millennials continue to surpass Baby Boomers in numbers and isn’t a generation we should ignore. The goal of this report is to help the pet industry understand where the buying power is, and how to best capitalize.”
Based on the 2017-2018 National Pet Owners Survey, the Generational Report analyzes all aspects of pet ownership by generation [Millennials, Gen X, Baby Boomers and Builders].
Topics reported include:
- Media usage
- Online purchasing
- Types of pets owned
- Health benefits of pet ownership
- Reasons for not currently owning a pet
Reporting data by generation has become more common across many industries in an attempt to learn how consumers behave differently according to their age, and Volume Two of the Generational Report specifically explores dog and cat ownership by generation, including:
- Where the pet was obtained and the average amount spent
- Veterinarian visits
- Flea and tick product usage
- Calming products
- Types of food
- Treats and chews
- Specific expenses for dog and cat ownership
- Toy and gift purchases
- Car travel and visiting pet-friendly places
- Benefits and drawbacks of ownership
- What a pet owner would do if their pet died
The report includes everything from how each generation becomes aware of pet products; types of products purchased; toy and gift purchases; top expenses; brand name importance; where their pets are obtained and more. The full report of more than 65 pages of information is available for purchase for $400 for APPA members and $600 for non-members. To learn more, please visit www.americanpetproducts.org.
The American Pet Products Association (APPA) is the leading trade association serving the interests of the pet products industry since 1958. APPA membership includes more than 1,200 pet product manufacturers, their representatives, importers and livestock suppliers representing both large corporations and growing business enterprises. APPA's mission is to promote, develop and advance pet ownership and the pet product industry and to provide the services necessary to help its members prosper. APPA is also proud to grow and support the industry through the following initiatives: Pets Add Life (PAL), the Human Animal Bond Research Institute (HABRI), The Pet Leadership Council (PLC), the Pet Industry Joint Advisory Council (PIJAC), Bird Enjoyment and Advantage Koalition (BEAK), and the Pet Care Trust. Visit www.americanpetproducts.org for more information.