3 Pet Economy Stocks With Fetching Futures
A booming pet care industry is offering investors opportunity just when they need it.
Pet ownership is growing. A 2020 survey by the American Pet Products Association showed that 67% of U.S. households own a pet, which works out to 84.9 million homes. Back in 1988, the first year the survey was conducted, only 56% of U.S. households owned a pet.
Attitudes toward pets have also changed over the decades. Now, pets are seen as family members, and owners increasingly want to be sure their pets enjoy the best nutrition, exercise, and healthcare. This is called the humanization of pets, and it is a lucrative market to be in. Let's take a look at three companies with promising futures in this industry.
Source Fool.com
