How to Spend $56 Billion on Your Pet (+Photos)

August 15, 2013 Updated: July 18, 2015
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The pet service industry has exploded in recent years, with virtually every luxury available to humans, now available for your pet. 

In 1994, the U.S. industry was worth $17 billion, rising to $32.4 billion by 2003. Last year, Americans spent $53.33 billion on their pets and the American Pet Products Association estimates sales will top $55.53 billion in 2013.

Aside from basic food and vet bills, pet owners indulge their furry friends in everything from doggie acupuncture and luxury spas, to dress up portrait studios and weight loss clinics. 

The economic downturn hasn’t stalled any of these trends either. Data from U.S. market research company WSL found that 81 percent of respondents are spending as much as before or more on their pets despite the recession.

Some current big money trends in the world pampered pets include computerized identification tags, self-cleaning litter boxes, faux mink coats, upscale leather carriers, doggie seat belts, and monogrammed clothing.