Pets are more beloved than ever by Americans, making a pet food franchise a lucrative investment for the right entrepreneur. Dogs and cats, as well as other pets, are considered a part of the family, and as such are treated with much more care than ever before. As Americans have focused more on the quality of the ingredients they eat, the same attention has been turned to what is in their pets’ food as well.
Pet food revenue amounted to $27,571 million in 2017 in the U.S.
SOURCE: Statista
The pet food market is expected to grow annually by 3.9% between 2017 and 2021.
SOURCE: Statista
On average, each American in the market for pet food spent more than $84 in 2017.
SOURCE: Statista
The market for pet food is expected to show a volume growth of 2.0% in 2018.
SOURCE: Statista
SOURCE: Statista
SOURCE: Statista
SOURCE: Statista
SOURCE: Statista
Types of Pet Food Franchises
Pampering our pets has become a big business, and a pet food franchise is a great way to capitalize on this trend. Whether you focus on a wide variety of options or concentrate on all-natural or healthy pet food, consumers are eager to give their pets the best. There are even possibilities in the area of customized treats or snacks for dogs and cats that your business can offer.
Looking for a business that will continue to grow and develop? A pet food franchise is a great opportunity to create a business that is profitable and makes you feel good. Entrepreneurs would be smart to consider this option, as pet owners continue to spend more on their furry family members. A pet food franchise is a stable, evergreen business with a lot of customer loyalty and repeat business.
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