Just in time for National Pet Day on April 11, the Mastercard Economics Institute has revealed some paws-itively purr-fect insights about the growing pet economy globally. 🐾 Melbourne, Australia, paw the biggest increase in pet spending between 2019 and 2024, reinforced by the country's reporting of an 80% increase in dog registrations over five years. 🐾 The pandemic has unleashed a wave of pet ownership, leading to increased spending on premium pet food, grooming, and health services. 🐾 In the U.S., Pittsburgh tops the Pet Lovers Index. Overall, pet spending in the U.S. has jumped by 51.3% between 2019 and 2024. 🐾 While brick-and-mortar stores are still the most popular option for pet owners across multiple countries, e-commerce and subscription services have been clawing away market share for years. Read more: https://lnkd.in/eNRYkJsq Wishing you and your beloved companion a pet-acular day! 🐶🐱🐟🐢 🐇 🐹 🐦 🐍 🐭 🐹 🐴 #NationalPetDay #DataInsights #MastercardEconomicsInstitute
I love this for several reasons. 1. Actionable insights. 2. Sharing powerful insights in an engaging manner. 3. Great plays on words. 4. Great pictures of such cute pets/ animals helping share those insights.
Fascinating insights from Mastercard on the booming pet economy! As spending habits evolve globally, businesses in the pet sector must communicate clearly across markets to meet rising demand. Professional translation helps brands connect with pet lovers worldwide—whether in stores, online, or through tailored services. #PetEconomy #ConsumerTrends #TranslationMatters
I'm thrilled to see my dog Snow featured in the company's image carousel, especially in such an important study. 🐶 👏
Isn't Fintech the future? Just like Alipay, bank cards will soon be replaced by mobile payments. Learn from China! Pivot or die! ❤️🐼
I will just add that we also have some benefits regarding our pet companions 😍 Feel free to reach out if you saw some role you interested in 🔴 🟠
Love this! The pet economy is wild, my cats are basically a line item in my budget now. 😂
Haha! Emily Y. Lin, I think Snow wins most adorable award at MC. Wow. Pittsburgh. I had no idea. Thanks for sharing these insights. Happy #nationalpetday. 🐶 😺 🦎 🐢 🐔
Marketing Communications Manager at NXP Semiconductors
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