Published 09 May 2022

Authors
Gwyneth Holland
Estella Shardlow
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Buoying the $23bn global pet services industry, consumers’ profound connection to their animal companions is shaping leisure activities and work policies alike. Doting pet parents – led by millennials – are spending substantially on nurturing and celebrating their ‘fur babies’, sparking innovation across the tech, media, wellness and retail spheres.

Part of the Family

Protecting Our Pets

Educating Owners

Pet-Shaped Work Perks

As previously reported in The Brief, consumers have a deep affinity for their animal companions, with millennials in particular incorporating their ‘fur babies’ into an array of social rituals and leisure habits. This ongoing pet humanisation trend spells commercial opportunities in everything from home décor to gifting and even dating.

As previously reported in The Brief, consumers have a deep affinity for their animal companions, with millennials in particular incorporating their ‘fur babies’ into an array of social rituals and leisure habits. This ongoing pet humanisation trend spells commercial opportunities in everything from home décor to gifting and even dating.

Summary

Part of the Family

As previously reported in The Brief, consumers have a deep affinity for their animal companions, with millennials in particular incorporating their ‘fur babies’ into an array of social rituals and leisure habits. This ongoing pet humanisation trend spells commercial opportunities in everything from home décor to gifting and even dating.

Protecting Our Pets

The pandemic-era prioritisation of wellness equally applies to people’s four-legged friends. New players are entering the lucrative pet insurance arena, while subscription services are taking care of regular medications, and smart devices are decoding feline health.

Educating Owners

Despite their enthusiasm, many new pet parents are unprepared for the complexities, costs and responsibilities involved. With charities reporting worryingly high levels of animals being abandoned or returned, there’s a need for informative resources to guide would-be or newly minted pet parents – whether that’s via traditional telehealth services, or emerging virtual platforms.

Pet-Shaped Work Perks

Policies such as ‘pawternity’ leave, doggy day-care stipends or animal-friendly offices are a boon to professionals juggling post-pandemic pet-parenting responsibilities. As well as assuaging owners’ concerns about separation anxiety, research suggests productivity, stress levels and morale can in fact benefit from the presence of pets at work.

Playing to the Pet Parents

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Offering access to over 350 consumer and cross-industry reports annually, Stylus Membership is your window to tomorrow’s most exciting opportunities.

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