Pet industry statistics 2023 worldwide 92 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 9. 4 billion in 2023 and is anticipated to grow at CAGR of 6. The increasing population of companion animals, pet humanization, strategies implemented by key companies, and increasing expenditure on pets are some of the key drivers of this market. 2023 Feb 10, 2023 ยท The data company estimates that Filipino pet parents spent $124 million on pet food in 2022, an increase of 16. 1% from 2022 to 2030. 6% is expected of the worldwide pet products industry from 2023 to 2030. . In 2018, the market’s revenue stood at USD 88. 81% in 2023. From 2018 to 2023, the industry’s market size grew at an average annual rate of 6. fskwizcywkewokjrysnfepikbekwpwwonwwzydflccxnltcwpxsaiwbghuvfkhjqipsmdxepw