Financial Crippling | The Pet Industry

The numbers that represent the pet industry are 6 and 9. A noticeable increase in pet ownership followed the trend of 6 in 2013 and continued to expand progressively before the upswing in 2015, Universal Year 8. As research organizations anticipated, the United States will likely confront an unusual national crisis.

Given that everything is cyclical, once the energy of 9 gradually begins to fade in late 2023, the number of people willing to foster or adopt dogs is expected to continue declining. It is being reported that there are currently more adoptable pets than ever. With inflation, the exorbitant cost of housing, and other undisclosed reasons, animal shelters are struggling to cope.

Many factors are liable to change, and therefore, the numbers are unable to precisely identify the driving forces behind most changes.

Since 2015, the pet industry has experienced significant growth. An estimated 90.5 million Americans currently own a pet. According to the APPA, nearly a third of millennials are pet owners, the highest percentage of any generation. According to Home Business Magazine, pet grooming is one of the fastest-growing categories in the industry. Also, according to reports, the market is expected to grow from $100 billion to $275 billion over the next decade. Will the bubble burst?

In 2015, the pet industry was worth $60 billion. Just two years later, it was worth $70 billion, and estimates for 2019 put the industry around $75 billion.

Between 1990 and 1998, a growing interest in pet ownership likely emerged.

As you are well aware by now, we consider 2020 a turning point. The pet industry reached a milestone in 2020,  and shortly thereafter, the decline in people fostering and adopting pets began. Of course, despite the decline, specific sectors of the pet industry will continue to maintain a steady average growth rate.

Judging by the numbers, conceivably, within forty months (3 years from the time of this post), the pet industry could take a nosedive; thus, a large number of people in the pet industry will have to restart their careers. Economic constraints and the busy lifestyles and activities in 2026 are expected to negatively impact the pet industry.

The Energy IS Real!

Every industry experiences a moment of glory, yet some industries, like sports, manage to maintain their stability and thrive for much longer, weathering the changes and challenges of time. Numerology effectively highlights the trends that are fading away and those that are emerging. Financial restraints and the busy, boisterous activities in 2026 will take a toll on the pet industry.

Repost: originally posted 4/18/2022