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Spot Prices Are Rising
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Spot Prices Are Rising

As the pandemic began to bite in 2020, millions of Americans turned to the ultimate form of creature comfort: four-legged companions.

Daily Upside, 2022


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7

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Recommendation

With 20% of Americans bringing new pets home during the pandemic, the pet supply and veterinary markets have become highly lucrative and even more competitive. In this piece from The Daily Upside, Isobel Hamilton and Pat Trousdale examine the profits and pitfalls of this dog-eat-dog – or dog-eat-petfood-worth-millions – industry.

Take-Aways

  • Nearly one in five Americans added a cat or dog to their household during the pandemic.
  • Buying pet supplies online ballooned from a 7% penetration rate in 2015 to 30% in 2020.
  • Large corporations are investing in the highly lucrative veterinary sector.

About the Authors

Isobel Hamilton is a tech journalist who writes for Business Insider. Pat Trousdale is the founder of The Daily Upside.