Pet care is becoming big business, with plenty of tails wagging the opportunity. In 2020, the pet care industry brought in $99 billion in sales. That was $9 billion more than 2018. Going forward, the massive industry could be worth about $100 billion, growing by about 4% to 5% annually, as noted by Quartz.
There’s even a dog walking service, Rover, that says more than two million pet parents have used their service to book more than half a million dog walkers, groomers, and dog sitters all over the world, added Quartz. The business is now worth $1.4 billion.
In short, pet care growth is growing fast. Better, the industry is still recession proof, benefiting companies such as Freshpet Inc. (NASDAQ:FRPT), Chewy Inc. (NYSE:CHWY), Amazon.com Inc. (NASDAQ:AMZN), and Trupanion Inc. (NASDAQ:TRUP).
It’s Also a Solid Catalyst for Better Choice Company (OTC:BTTR)
Better Choice Company Inc. is a growing animal health and wellness company committed to leading the industry shift toward pet products and services that help dogs and cats live healthier, happier and longer lives. In addition, the company just announced that Chief Executive Officer, Scott Lerner and Executive Vice President of Strategy, Rob Sauermann, will be speaking at the D.A. Davidson 4th Annual Consumer Growth Conference on Thursday, March 11th at 11:00 a.m. ET.
Scott Lerner, CEO of Better Choice, stated, “We are pleased to have been invited by D.A. Davidson to present our story at their Consumer Growth Conference. We are looking forward to outlining our exciting blueprint for success as we are quickly becoming a force in the fast-growing animal health and wellness sector.”
The 4th Annual Consumer Growth Conference will feature company presentations, panel discussions, one-on-ones and small group meetings with company executives.
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