The Pet Economy

The Pet Economy

Introduction

Americans today spend $ 41 billion a year on their pets. This makes the annual cost of buying, feeding and caring for pets is greater than the total expenditure of U.S. films (U.S. $ 10.8 billion), videogames (U.S. $ 11.6 billion) and music (U.S. $ 10.6 billion). In US the amount of money spend on food of pet has increased, it was reported that owners of pet are spending more on their animals. Gourmet is the most successful product of 2011. It was also reported by retail analysist sales of pet food have increased by 6.8% with ...