Rising Concerns Over Pet Ownership Costs Amid Inflation and Tariffs
SEATTLE — March 20, 2025 —
A new report shows pet costs rise fast in the United States. Pet owners feel price pressures now. Rover’s "True Cost of Pet Parenthood Report 2025" finds 52% of pet parents worry that tariffs add extra cost. They already pay more for pets as inflation lifts essential item prices.
Economic Pressures on Pet Owners
The report shows 28% of pet owners fear they cannot afford pet supplies. Costs climb, and this trend troubles many. Rebecca Greenstein, DVM, speaks in the report. She works with Rover and runs Kleinburg Veterinary Hospital. She says, "People worry about cost, yet they remain devoted to their pets." Life-long pet costs seem high, but pets give love and joy. Greenstein suggests that pet owners plan a budget, set aside savings, and keep up with regular veterinary checkups.
Financial Breakdown of Pet Care
The survey of 1,000 pet owners in the United States lists many expenses. A 10-year-old dog costs about $34,550 over its life. A 16-year-old cat costs near $32,170. As pets live longer, costs rise too. The report notes that treat and chew prices may grow 85% higher, veterinary fees may rise 11%, pet cleaning supplies could jump 183%, and grooming fees might go up 20%. Forty-eight percent of owners worry about overall pet cost hikes, and 31% see pet prices rising faster than everyday household items.
Budgeting Strategies of Pet Owners
Rover finds that 69% of pet owners spend most of their money on pet food and treats. In reaction to high prices, 25% of pet parents choose cheaper pet food or care services. Still, many owners seek high-quality products. Sixty-eight percent look for items that match the quality they expect for themselves, and 20% want even higher quality. When cutbacks happen, 34% say pet spending is one of the last areas to trim. To care for their pets, 33% reduce spending on groceries or entertainment.
Trends Among Canadian Pet Owners
The report also studies Canadian pet owners and shows they pay more. Canadian cat owners may spend as much as $73,585 over a pet’s lifetime, while dog owners might spend up to $53,935. Costs for dogs may increase 18%, and for cats 41% this year. In facing rising costs, 55% of Canadian pet owners choose locally sourced or Canada-made products even if those cost more. This trend is stronger for dog owners (57%) than for cat owners (52%).
Looking Ahead
Inflation and tariff threats mean pet costs will keep rising. Pet owners must plan their budgets carefully. Yet, many stay committed to giving their pets the best care despite tight funds. The way we care for pets changes as financial pressure increases.
For further details, pet owners can read Rover's "True Cost of Pet Parenthood Report 2025." To stay updated on pet food trends and ownership costs, subscribe to Pet Food Processing's newsletters.
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