Sag Harbor

Compaired to previous years 2006 has seen a huge jump in the pet industry. With the boom of high end specialty pet stores consumers are passionate about finding style and uniqueness for their pets. With this boom of the pet buisness industry other businesses like hotels, restrants and shopping malls have opened their arms to mans best friends. Large companys still dominate this industry for most supplies but with this “boom” alot of mom and pop shops have been opening up offering cookies, toys and custom pet supplies.

The 2006 economics for small businesses will be affected by an unabated increase in pet-related spending, focusing on improving pet health and trading up to quality for pet accessories and food. Goods and services trends include:

1. Growth in unique pet goods.

The American Pet Products Manufacturers’ Association (APPMA) estimates that pet goods and medicines spending will grow 8.6% to reach $8.8 billion in 2005 (out of a total of $35.9 billion in overall pet industry expenditures). Much of the growth will come from newer pet items such as pet deli snacks, toys, luxury items, and convenience accessories such as programmable feeding and watering stations, warming mats, and self-cleaning litter boxes. High-end specialty pet stores will thrive despite competition from the big box stores as passionate pet owners look for selection, style, and a unique shopping experience.
2. Growth in pet services such as grooming, boarding, pet photography, dog walking, and pet sitting.

More than $2.4 billion dollars will be spent on pet services in 2005 according to the APPMA, which will continue to grow at around 5% for 2006. More pet owners will pay for these services as it is becoming socially unacceptable in some areas to leave your dog alone during the day or your cat alone for the weekend

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