Companion Animal Industry Overview

These flashcards cover key concepts regarding the pet industry, its statistics, trends, and career opportunities in veterinary medicine.

What is the pet industry also referred to as?

Petconomy

What are some key components of the pet industry?

Nutrition, healthcare, toys, services/products like boarding and daycare.

How much are U.S. pet owners expected to spend on their pets this year?

Nearly $110 billion.

What has seen a 147% increase in purchasing patterns in the last 5 years?

Raw dog food.

What percentage of pets are insured in the U.S.?

3%.

What factor about pet care products are more than half of pet owners willing to spend more on?

Eco-friendly pet care products.

What is the estimated annual cost range for owning a dog?

$700 to $2000.

What was the first commercially prepared pet food introduced, and when?

In 1860.

What defines a 'complete and balanced' pet food according to AAFCO?

Standards set for nutritional completeness.

What is the total global pet food market size as of 2021?

$94.8 billion.

Name a trend that is currently influencing the pet health care industry.

Rising demand for preventive care and wellness products.

List two major companies in the pet supply industry.

Hartz and PETSMART.

What emerging trend involves technological advances in the pet industry?

Innovative products like pet wipes, pet toothpaste, and litter robots.

In veterinary medicine, what has been the trend regarding the number of female DVMs since 2007?

There was an increase from about 500 in 1970 to about 40,000 in 2007.

What is one duty of the Biomedical Science Corps in the U.S. Air Force?

Responsible for food safety and care of government-owned animals.

What roles do veterinary technicians and technologists provide?

Technical support to DVMs, researchers, and other scientists.

What are three designations for trained working dogs?

Service dogs, therapy dogs, and emotional support animals.

What type of industries are companion animal careers linked with?

Private practice, research, public health, and government agencies.

What major challenge does the global pet food market face?

Fragmentation with several players occupying the market.

What are pet owners increasingly willing to invest in, reflecting trends in human food?

Functional foods for pets.

Which country is noted for a large influence on globalization in the pet industry?

China.