The Canadian booming pet business is nothing to bark about

According to the latest statistics from the Canadian Animal Health Institute (CAHI), there are 8.2 million dogs and 8.3 million cats in Canadian households. That’s a 10 per cent increase over the past 10 years, CAHI reports.

t’s no surprise then that the pet business is booming.

Pet owners are concerned with the health and safety of their furry friends now more than ever.

According to Agriculture and Agri-Food Canada (Ag Canada), a third of respondents in a recent U.K. study said their dog or cat’s health and well-being was of greater concern to them than their own.

That means scrutinizing food more closely and not just buying the kibble on sale at the grocery store.

Specialty and big-box pet stores have expanded across Canada, occupying massive retail square footage in nearly every urban centre and offering expansive food product lines.

The global pet industry was recently valued at around $116.6 billion US, with the lion’s share of that going toward pet food specifically at $84.5 billion.

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