25 Most Popular Dog Breeds In 2024

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In this article, we will list the 25 most popular dog breeds in 2024. If you want to skip our discussion regarding the pet industry and pet ownership in the US, visit the 7 most popular dog breeds in 2024

Pet ownership in the United States surged unprecedently after the onset of COVID-19 lockdown restrictions. A Morgan Stanley (NYSE:MS) report in 2022 revealed that 5 million more pets have found their way to American households since the onset of COVID-19. 

To put things into perspective, American pet ownership's growth rate almost doubled between 2020 and 2022. Pet ownership in the US from 2009 to 2019 grew by 4.7%. However, during the years 2020 and 2022, it grew by more than 9%. One interesting thing to note is that between 2021 and 2022, nearly 1 in 10 people between the ages of 50 and 80 got a new pet. So, there is a considerable increase in pet ownership among senior people. It is also worth noting that according to Morgan Stanley (NYSE:MS) the pet services industry is set to grow at an 8% compound annual growth rate (CAGR) till 2030. In addition, the annual per-pet spending is expected to reach $1,320 by 2025 and $,1897 by 2030. In the year 2022, Americans spent a whopping $136.8 billion on pet care, as well. 

Pet ownership is already quite popular in the United States. A 2023 survey shows that 66% of the households in the country own a pet. As expected, the most popular pets in the United States are dogs. Nearly 65.1 million out of the 86.9 million pet-owning households own a dog.

The pet care industry is huge all around the world. The Global pet care market was valued at $159.1 billion in 2022. It is set to grow at a CAGR of 5.1% between the forecast period of 2022 to 2030. The market is expected to reach $236.16 billion towards the end of this period.

While the United States remains the largest market for pet care globally, some emerging economies, particularly from the Asia Pacific region have strong growth prospects. Some of the factors driving the growth of the pet care market include an increasing consciousness of pet health and the integration of technology in health care. Recently, there has been a surge of online subscription-based pet clinics offering 24/7 consultations. 

With the surge in pet ownership and a rising interest in pet care, it is worth having a look at some of the largest players in the market. These include Chewy, Inc. (NYSE:CHWY) and Petco Health and Wellness Company, Inc. (NASDAQ:WOOF).

Chewy, Inc. (NYSE:CHWY) is a Plantation, Florida-based company that manufactures and sells a variety of pet care products. These products include pet treats and medications. Chewy, Inc. (NYSE:CHWY) announced the launch of Chewy Vet Care on 14th December 2023. It is powered by Chewy's technology platform and will provide a variety of services including routine appointments, urgent care, and surgery.