Was researching on the Pet Ownership Statistics for some time and here is the information for you. Please read on! So this is what a petpreneur need to know…Over time we’ve witnessed the societal evolution of pets from being just a strange or awe-striking creature to becoming integrated into homes as a family pet for companionship. Like humans, pets feed, they grow, multiply and increase in number. As a pet business owner, you’ll need to be aware of the statistics of what you’re dealing with, their percentage, and insurance policies to reevaluate your business goals. With so many pets in existence now, some being crossbred while others fully bred, knowing how they are dispersed across worlds is an eye-opener for your pet business.

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What you need to know about pet ownership statistics

Dogs

Let’s start with dogs, the most loveable creatures ever. They’re called man’s best friend for good reasons, right. Did you know that about 36% of Americans give presents to their dogs on their birthdays or rescue days. It’s safe to say that Americans are real dog lovers. We’ve seen this display of affection for dogs in several of their movies and sitcoms. This particular animal is perfect for a pet. It not only offers you great companionship but also safeguards you and your home. Here are some facts about man’s best friend.

• If you’re looking for a big, fierce dog, Saudi Arabia has loads of them. This country has the highest population of big dogs in the whole world. Numbers don’t lie as over 70% of their dog population is made up of dogs of larger breeds.
• If you want to go low, Brazil holds the record for the largest number of small dogs per person in the world.
• When it comes to feeding, our Norwegians friends have it on lock. They spend an average of about $630 a year on feeding their dogs, while the people of Vietnam spend the least amount.
• India which is a very populous country holds a record of dog populations with the fastest growth rate.
• America hosts about 70 million dogs in the world.
• In the United States alone, there are over 60 million households that own dogs. This sums up to 36.5%.

Cats

These feline creatures are very smart, beautiful and aside from being a household companion; they checkmate the existence of rodents and lizards in the home. As expected the United States is filled with cats, all 74 million of them, in their various breeds and species. Did you also know that more than half of the total number of Americans have either a cat or a dog at home? Cats are relatively intelligent creatures and are known to be very fierce, well some of them. They are related to the likes of cheetahs, leopards and the lion family. Here are the statistics about cats.

• Including the stray ones, they are over seven hundred million cats in the entire world. This is subdivided into 220 million family-owned cats and the remaining 480 million strays.
• Out of this number of owned cats, about 100 million of them are Europe owned.
• France tops the list in the European continent as the country with the highest population of cats, all 12.6 million of them and Germany comes in second with 11.8 million cats.
• As estimated by the American Veterinary Medical Association (AMVA), about 32.4% of its citizens and residents (Americans) are cat owners.
• This percentage is represented in 74 million cats living in America.
• The least cat populated country is the Czech Republic with 1.75million of them.
• It costs an average of $75 a month to take care of an adult cat, and $125 goes for a kitten.
• For neutering, it costs an owner $165, and because some breeds are affiliated with ailments more than others, the cost of healthcare depends on its breed.
• The cost of feeding cats depends on the cat’s preference. If the cat prefers dry food, then you’ll spend an average of $1.75 per pound of food. However, the wet food is more expensive and goes for $1.50 per pound.
• In an ASPCA estimate, it was revealed that the total expenditure on a cat during its life expectancy of 15 years is about $7,640. With cost of neutering, collar, litter box and carrier as its capital cost while that of food, medicals, litter, treats/toys as its yearly costs.

Birds

These are incredible creatures with their brightly colored feathers and majestic wings. Birds are relatively easier to care for as compared to the canines and the felines. Well from the movie Rio, you can guess that the country with the highest population of birds in Brazil. With a staggering number of 191 million birds of diverse colors, species, and beauty. With the parrot being a major interest for bird lovers. It is one bird that listens and weighs in on your conversations, thus making it the only pet with communication skills.

• About 7.9 million American households possess birds, and another 20 million Americans are proud bird owners.
• The cost of a bird depends on the species you’re going for. African Greys go for $600-$2000, Cockatiels go for $50-$150, Macaws from $900-$5,000 or even more, Conures start from $150-$500, Budgies from $10-$35 and lastly Canariesat$25-$150.
• A bird can live for 10-15 years. Hence this just increases the capital and yearly costs of owning one.
• A cockatoo costs about $52,300 in its entire lifetime.
• In the middle eastern countries like Dubai, desert birds like eagles and owls are really popular.
• Although certain species of birds risk possible extinction, even the popular ones too stand a chance of not surviving the current global situations. With over 25 species going extinct in the last decade, this is a definite wake up call to the planet.

Fish

This is one pet that doesn’t do much. They just swim around a bowl and are also known for their bright colors and fins. Although for pet fishes their presence isn’t as visible as that of a dog or a cat, but lots of homes still keep pet fishes. The United States takes the lead as the country with the highest population of fish, all 57.7 million of them. Coming in second is France with 37.3 million, and next is Brazil with 26.5 million fish.

• In the UK, fishes are the most popular pets.
• The United States possesses about 12.5 million freshwater fish and 2.5 million saltwater fish.
• This pet has a life expectancy of 10 to 20 years, depending on its species.
• It will cost a pet fish owner about 500-1000 dollars to groom a fish from throughout its life.
• What most owners do is to have a fish tank with different types and breeds of fish all seen through the transparent aquarium.

Apart from dogs, cats, birds, and fishes, there are percentages of other pets that are also kept at home. These include furry little guinea pigs, lizards, tortoise, snakes if you live on a ranch, pet horses and let’s not forget our pet monkeys and other exotic animals. These animals are all beautiful in their ways, with each offering something distinct and unique from the next. Studies show that Americans spend an average of 50 billion dollars every year on their pets. These pets are considered part of the family as half of the total number of pet owners blatantly admit to conversing and speaking with them. They even go as far as taking professional pictures with their pets to solidify their relationship with them. This is seen in 27% of Americans.

Now with all the love and care showered on these pets, some pet owners still do not have insurance policies on their pets.

Pet Insurance

As a pet business owner, this is something you will definitely need to be aware of. Our furry, scaly and feathery friends can sometimes have unexpected problems that threaten their life span. We mean that they could fall ill, sustain injury or have an accident. This was however unexpected, but this is how insurance works, to give you the ability to care for all the people and animals you consider family in the event of an unexpected emergency. Thus, pet insurance is about providing good healthcare to your little friends whenever the need arises.
Once you have your pet on pet insurance, you can sleep knowing that you do not risk the chance of losing him/her to this ailment or injury as you can afford to pay for veterinary fees. Once your pet is pet insured and something goes wrong with them, you will not have to jeopardize your credit score by seeking out a loan, borrowing from friends or taking from your savings in order to treat them and take them home. You’ll have ample cash to do that all on your own.

With the concern for little furry, fuzzy, scaly and feathery friends growing each year, this industry (pet insurance) started in Sweden about a century ago. Presently, more than half of the pets in Sweden are insured. In America today, as reported by the North American Pet Health Insurance Association (NAPHIA), the insurance sector for pets raked in a staggering 1.2 billion dollars in 2017.

Types of pet insurance plans
There are different types of pet insurance plans for you, your pet and even a third party. These include:

• Pet Health Insurance
• Life Insurance
• Theft Insurance
• Insurance Protection

Let’s start with the pet health insurance.

Pet Health Insurance

As mentioned earlier, this is a financial health cover on your pet. It grants you the ability to pay for the medical bills, drugs, and treatments of your little one when they are sick or injured. You can get an insurance plan on any and every one of your pets, just to ensure that they make it up to their life expectancies. Pet health insurance is similar to that of humans because they are premiums, annual deductibles, caps, and even co-pays. However the cost of this health insurance coverage is based on the age of your pet, it’s health profile/history and the level of care you opt for. There are three levels of coverage for a pet health insurance plan. They are:

• Basic coverage
• The comprehensive coverage
• The well care protection

The basic coverage insurance plan is the least expensive choice out of the three. It offers reimbursements in the event of accidental injuries, illnesses, and poisoning. These reimbursements go for procedures that help treat these pets, even if it’s a cancer related illness. The comprehensive coverage offers a more expensive option. Although it’s benefits are more generous than the former, they still have lower annual deductibles. These benefits span from doctor’s office visits to emergencies, accidents, prescriptions, x-rays, tests and all lab fees. The well care protection plan for pets is one that reimburses payments for preventive health care. This includes vaccinations, flea prevention, physical examination, earthworm prevention, and others. This plan is devoid of annual deductibles, but deductions are applicable to other medical services.

As a pet business owner, it is important to arm yourself with knowledge on pet health insurance and the applicable discount plans just to offer your client the best option.

Life Insurance

Just like the human life insurance policy, this one is designed to offer a certain amount of coverage on valuable pets. This plan is usually acquired by zoos and research facilities, and even the owners of pets who have won championship titles. The policy offers monetary compensation to owners in the event of the death of any of those animals.

Theft Insurance

This works under the same policy as the pet life insurance scheme. Here reimbursements are made to the pet owner should any animal /pet be stolen or captured.

Insurance protections

This includes a liability plan in case the pet bites or injures a third party. If you get sued for this, your renter’s insurance scheme provides protection for you to be represented and defended in court. The general insurance protection plan also includes a property protection policy. Here, your renters reimburse you if any property belonging to your pet is stolen.
As a pet business owner, you should be aware of the statistics and insurance policies on pets; this will help you weigh your options and determine the best one for each client. Your business is sure to thrive with this knowledge.

Want to grow and scale your Pet Business ?? Then you need to apply right targeted strategies & an Automated System which can bring a lot of Pet owners as your customers!! Click here to know more!