Why the global pet economy is poised to surpass $500 billion by 2030

The global pet industry is set to grow more than 45% over the next five years, surpassing US$500 billion by 2030, according to Bloomberg Intelligence’s newly released 2025 Pet Economy Report. Diana Rosero-Pena, equity research analyst with the firm, shared the findings at Petfood Forum 2025, highlighting steady demand for pet food, changing spending behaviors … Read more