The American Pet Products Association 's annual report on pet industry spending says Americans spent $ 58 billion in last year on their 397 million pets . Americans spent the most on food for their pets 2014 , and much of it mirrored human trends , such as gluten-free , wheat-free or little sugar . Sales of the animals themselves dropped from $ 2.23 billion in 2013 to $ 2.15 billion in last year .
The American Pet Products Association 's annual report on pet industry spending says Americans spent $ 58 billion in 2014 on their 397 million pets . Americans spent the most on food for their pets last year , and much of it mirrored human trends , such as gluten-free , wheat-free or little sugar . Sales of the animals themselves dropped from $ 2.23 billion in 2013 to $ 2.15 billion in 2014 .