Hispanics fire up the pet owner population
By 2020, the U.S. market will account for over half of the growth. They will make present an incredible opportunity for the accessories and pet food manufacturers.
65 million American households, provide a home to over 200 million pets. We see a rise in Pet ownership in Multicultural families homes.
Terditonaly dog owners are non-Hispanic white. But the true growth in the dog owners population is Latinos, Asians and other.
Between 2015 and 2020, as the boomers generation and the total of 65+ Americans increase we will experience a decline in pet ownership. The growth in Hispanic and Multicultural families pet ownership may balance the pet ownership.