Pet owners around the world are increasingly spending more on their furry friends. The global pet furniture industry has seen tremendous growth over the past decade to cater to pet parents who want to provide their pets with comfortable and stylish spaces in the home. Let's take a look at some key aspects of this growing industry.

Trends in Pet Ownership

In many parts of the developed world like North America, Europe and Australia, pet ownership rates have risen steadily over the past 20 years. According to recent surveys, nearly 70% of households in the United States and over 50% of households in countries like the UK and Australia own a pet. Dogs and cats remain the most popular pet choices globally, though other small pets like rabbits, hamsters and birds are also gaining popularity in some markets.

This growth in pet adoption has been a major driver for increasing pet expenditures. Pet owners today are more willing to spend on high-quality food, grooming products, toys and other accessories that can improve the lives of their pets. Pet Furniture falls under this last category as animal parents want their dogs and cats to have comfortable beds, caves, trees and other structures for resting, playing and overall well-being.

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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)