Latest / The Demographics Podcast with Fexingo: Aging Populations, Birth Rates, and Economic Impact
How Falling Birth Rates Reshape the Pet Industry
In this episode of The Demographics Podcast, Lucas and Luna explore how declining birth rates are transforming the pet industry. With more people choosing pets over children, spending on pet care has surged past $150 billion annually in the U.S. alone. They dive into the rise of pet humanization trends, from gourmet pet food to pet insurance and high-tech toys, and discuss how companies like Mars and Nestlé are pivoting their portfolios. They also examine the shift in veterinary services and the growth of pet-friendly workplaces. A fascinating look at how demographic shifts create unexpected…
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