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7 Best Pet Stocks to Buy in 2023

Americans love their pets and aren’t above spending good money to ensure their furry friends remain a big part of the family. All in all, the U.S. pet expenditures market is expected to reach $143.6 billion in sales in 2023, up from $136.8 billion in 2022 and $90.5 billion in 2018, according to the American Pet Products Association.

Even as high inflation and soaring consumer product costs take a big bite out of household budgets, Americans are likely to steer household funds into pet care. According to Packaged Facts’ 2023 Survey of Pet Owners, pet products and services “are at the bottom of the list of household spending cutbacks, second only to human medicine and health care.”