Every Pet Deserves A Good Home…

Recession Proof Stocks? Pet Spending On the Rise: One US industry unfazed by the economic wreckage surrounding is Pets…

One US industry unfazed by the economic wreckage surrounding it is as fitting as the subjects themselves: the pet business. According to Business insider, it’s booming.

Sure, the plethora of facebook photos of dogs in elaborate Halloween costumes could be a clue to the persistent “bear no expense” mentality owners feel for their four-legged friends, but the numbers are still shocking: an American Pet Products Association’s report found that the industry jumped $31.53 billion dollars between 1994 and 2010, with people expected to spend about $50.84 billion on furry, gilled, winged, equine, and reptilian friends in 2011 alone.

According to the 2011-2012 APPA National Pet Owners Survey, 62% of U.S. households own a pet, which equates to 72.9 million homes. The significant rise in pet-related spending isn’t as surprising given that the number of pets owned has also increased year-over-year.

Pampered Pets

Boutique pet stores are popping up left and right, “dress your pooch in style” screams from window displays, have your precious kitty sleep on a bed of satin, bedazzled with precious gems. Don’t skimp, remember, they love you unconditionally, and a jeweled collar and matching leash is the best way to say you love them back.

The pressure is on to feed pets the fancy organic, range-free, all-natural pet food that can break the bank. Bathe them with lavender scented pet shampoo, and don’t forget to spoil them rotten with holiday gifts!

Veterinarian Bills

Yet the bulk of the spending hike can be attributed to, what else, medical care. Any pet owner knows that animals can get sick, break bones, have cancer, pull a muscle, grow tumors, eat contaminated food and so on. Then there’s the pressure for pets to be spayed and neutered. All are conditions that usually end with Rover at the vet’s office.

Business Insider reports: “Vets and medical supplies for animals have just gotten more expensive. Within the last year alone, people spent $1 billion more on vet care, and another half-billion on medicine, bringing the grand total to $25.51 billion. The availability of more sophisticated treatments for cancer and special services like ophthalmology partly explains the rising costs. However, animals are also checked more frequently by the vet than they used to be, and veterinarians are charging more for their services.”

Follow The Trend

So, with pet care costs on the rise, we decided to take a look at PetSmart Inc., (PETM) one of the few pure-plays on pet spending.

According to Kapitall’s Turbo Chart, PETM has been outperforming the S&P 500 index in recent months. Do you think the company will continue to benefit from pet spending?

By Rebecca Lipman  -  Business Insider

November 9, 2011 Posted by | Animal or Pet Related Stories, animals, Dogs, Just One More Pet, Man's Best Friend, Pet Friendship and Love, pet products, Pets | , , , , , | Leave a comment

Pet Owners Urged to Stop Using Peanut Products

Dozens of pet food and treat manufacturers have now conducted voluntary recalls on products containing peanuts, in response to the ongoing FDA investigation into Salmonella contamination.

Pet Owners Urged to Stop Using Peanut ProductsPeanut butter and paste are sold by Peanut Corporation of America ( PCA) in bulk containers, and while neither product is sold directly to consumers, more than 100 companies that make peanut flavored products received shipments of potentially contaminated stock. After an FDA investigation it was found that the Georgia plant ” was not compliant with Current Good Manufacturing Practices required by the FDA”, and these deficiencies are related to cleaning programs and procedures as well as failure to implement steps to mitigate Salmonella contamination in the facility.  

Pet food and treat manufacturers who have conducted recalls include Carolina Prime, Carolina Prime Pet, Grreat Choice, Happy Tails, Healthy Hide, Healthy-hide Deli-wrap, Salix, Shoppers Valu and more. The ASPCA advises that dogs who do become ill from Salmonella may exhibit symptoms such as vomiting, diarrhea, fever, lethargy, and drooling or panting. In severe cases, the bacterium may spread throughout the body resulting in death. Cats may develop high fever with vague non-specific clinical signs. Anyone who suspects their pet may have contracted salmonellosis should consult their veterinarian without delay.

“The ASPCA recommends that pet parents discontinue the use of all affected products immediately until further information has been received,” said Dr. Steven Hansen, the ASPCA’s Senior Vice President of Animal Health Services. “Pet parents should wash their hands after handling any potentially contaminated food and immediately consult with a veterinarian if any signs or symptoms are noticed in their pets.”

According to the FDA, the risk of animals contracting salmonellosis is minimal, but there is risk to humans from handling these products. And Dr. Louise Murray, Director of Medicine of the ASPCA’s Bergh Memorial AnimalHospital said, “Salmonella can be passed between pets and humans. Adult cats are relatively resistant and most dogs infected with the bacterium appear normal, but may pass Salmonella in their feces which can infect people or other susceptible pets, therefore it’s essential that pet parents take steps to protect both themselves and their animal companions from exposure.”

Source:  Pet People’s Place

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February 5, 2009 Posted by | Just One More Pet, Pet Health, Pet Nutrition, Pets, responsible pet ownership | , , , , , , , , , , , , , , , , , , , , | Leave a comment