The U.S. pet industry continues to demonstrate durable, recession-resistant growth, reaching $158 billion in spending in 2025, led by strong demand in food, treats, and veterinary care. Consumer preferences are shifting toward premium, health-focused products, tech-enabled solutions, and integrated wellness services, driving innovation across the market. At the same time, a highly fragmented landscape — particularly in grooming, boarding, and services — creates meaningful consolidation and mergers and acquisitions (M&A) opportunities for strategic buyers and private equity.
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