Woman walking dogs on leashes in the countryside.

Entrepreneurs Are Finding Opportunities in the Pet Market

The global market for pet care products is estimated at $179 billion a year, and projected to hit $255 billion a year by 2027. In fact, 45% of American pet owners spend the same amount of money or more on their pets’ healthcare as they do on their own.

How did the pet market get so big? Well one small reason is that more people purchased or adopted dogs in record numbers during the COVID-19 pandemic. Plus, starting something as simple as a dog-walking business can make for a great side hustle.

Want to learn more? Listen to the clip below:

Tune in to News/Talk 760 AM WJR weekday mornings at 7:11 a.m. for the WJR Business Beat. Listeners outside of the Detroit area can listen live HERE.

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