![While the pet food industry has inarguably shown itself to be resistant during shaky economic times, pet owners are still being affected by financial challenges.](https://img.petfoodindustry.com/files/base/wattglobalmedia/all/image/2024/01/Dog_in_store.65a04f6d84ca2.png?auto=format%2Ccompress&q=70&w=400)
While the pet food industry has inarguably shown itself to be resistant during shaky economic times, pet owners are still being affected by financial challenges.
choja I iStock.com
Pet-owning households all over the world are in a quandary: While firmly planted pet humanization has owners looking toward the premium end of pet products, a consistently down economy and a year of record inflation have set nearly everyone back in terms of spending. Nevertheless, data show that those with furry friends still want to spend on their animals … they just want to do it more thoughtfully.