Pet ownership is on the rise with two thirds of consumers globally owning a pet in 2016, compared to 60 percent in 2014.
Millennials — those aged 18-34 — are driving the trend, according to GlobalData research, by delaying marriage and children until later in life and instead turning to pets.
[verdict_chart id=”11069″]Pet ownership among millennials hit 70 percent in 2016; an increase of eight percentage points over two years.
While dogs and cats continue to be the most popular pets; interestingly bird ownership is also on the rise.
The rising interest in birds is likely to be linked to the suitability of small birds to apartment living; as urbanisation and rising living costs mean people, particularly young millennials, are living in smaller spaces and want pets that will fit this urban lifestyle.
Bird ownership IS highest among millennials – 12 percent of 18-34 year olds claimed to own a bird in 2016.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
