Boom in the pet products industry, high-end brands and pet hotels
TAMPA, Florida. – From pet care to pet strollers, the sky’s the limit when it comes to your fur baby.
“If you go back to the 1970s, our dogs used to live in backyards. Now they really are part of our family,” said Denise Wolin, CEO of Royal Pets Market & Resort in Tampa.
Even designers like Gucci create high-end products for these whimsical cats and dogs.
“The whole pet industry has really changed, both financially and in terms of what our parents choose to buy for their pets today,” Wolin said.
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In addition to indestructible toys and decorative treats, pet owners are looking for good quality foods and supplements for health and longevity.
“About 31% of millennials have pets. They want organic food, they want the same supplements they take,” Wolin said.
And it’s not just what they eat, but how they eat. There are bowls designed to help with digestive issues for fast eaters.
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There are soothing shirts, beds for anxiety, and interactive games to work their minds.
“So it helps them because the animal thinks. The animal uses energy,” Wolin explained.
All-inclusive businesses like his are growing. They offer one-stop services like veterinary care, daycare, and even a comfortable place to stay while their owners are away.
“We have a 5-star pet-friendly hotel. Our villas and castles have video cameras so the pet owner can see their pet,” Wolin said. “Where other industries are declining, the pet industry is actually growing.”
Spoiling pets can be expensive, but what owners say they get in return is priceless.
“That unconditional love is amazing and people want and need it. There’s nothing like that bond you get from your pet,” Wolin shared.