According to the State of the Industry Report of the American Pet Products Association (APPA), the pet industry has reached a milestone in 2020, with sales reaching 103.6 billion U.S. dollars, a record high. This is an increase of 6.7% from the 2019 retail sales of 97.1 billion U.S. dollars. In addition, the pet industry will see explosive growth again in 2021. The fastest growing pet companies are taking advantage of these trends.
1. Technology-We have seen the development of pet products and services and the way to serve people. Like people, smart phones are also contributing to this change.
2. Usability: Mass retailers, grocery stores, and even dollar stores are adding high-quality pet clothing, pet toys, and other produc...