Spending on pets projected to reach $62 billion this year

07/25/2013 | MediaPost Communications

A recent study from the market research organization Packaged Facts projects a 4.7% increase this year in consumer spending on pet products and services over 2012 levels, bringing spending to $62 billion. Veterinary services and pet food will each garner an expected $21 billion-plus, while other pet services including grooming, training and dog-sitting are expected to grow fastest, gaining 6%. Dogs will be the main beneficiaries of these expenditures, according to the report.

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