Let me start out by saying that I am a proud Millennial who owns a dog! We hear so much about how the Millennial microculture is changing the world we live in through the economy, society, and companies. The Millennial generation, who places emphasis on individualism, is seeking flexible schedules, meaningful work, and a solid learning curve. Did you know that we are less likely to be homeowners, car owners, or parents than previous generations? With the increasing amount of student loan debts, Millennials are more focused on starting their careers to pay off these debts rather than building families. This being said - surprisingly, there is an increase in pet ownership. Overall, the Millennials are delaying relationships and parenthood, substituting this with pet companionship. Compared to babies, pets are less expensive and allow more freedom while still providing parenting practice. A survey shows that 75 percent of Americans in their 30s are dog-owners and 51 percent are cat-owners, compared to 50 percent of the overall population with dogs and 35 percent with cats (A. Bhattarai, 2016). Abha Bhattarai shows in his article that Millennial men are more likely to look for companionship in pets than women are, with a survey conducted on people (ages 18 to 34) showing that 71 percent men/62 percent women had dogs while 48 percent men/35 percent of women had cats (2016).
These mentioned traits of the Millennial microculture describe a shift in consumer behavior pertaining to the pet industry. The $63 billion pet industry has tripled since 1996; in the past year, Americans spent $11 billion on pet-pampering alone with 33% spending on toys, 17% on costumes, and 10% on pet strollers (A. Bhattarai, 2016). Abha Bhattarai says that Millennials are twice as likely as Baby Boomers to buy clothing for pets (2016). As a Millennial dog owner, I should admit that I am guilty of pet-pampering, since my dog has a coat for the winter months and a blanket to tuck him into at night. Millennials grew up in a society where technology has developed and improved drastically. Social media and texting have become primary ways of communication. Have you noticed how many people post pictures of their pets on Facebook? Often, they are seeking approval and social identity. The higher hedonic and functional values we Millennials receive from pets stem from our backgrounds and impact our decisions involving purchases for our pets. This interesting article describes eight ways Millennials are redefining pet ownership. Debbie Phillips-Donaldson shares in Figure 2 these pointers on how the consumer behavior of Millennials is different from previous generations (2015).
Based on this list, I believe the pet industry will see major changes in upcoming years regarding product development in order to accommodate this different set of values of the Millennials.
Sources:
Bhattarai, A. (2016). Millennials Are Picking Pets over People. The Washington Post. Retrieved from https://www.washingtonpost.com/news/business/wp/2016/09/13/millennials-are-picking-pets-over-people/
Phillips-Donaldson, D. (2015). Baby Boomers, Step Aside: Millennials Now Own More Pets. Petfood Industry. Retrieved from http://www.petfoodindustry.com/articles/5049-baby-boomers-step-aside-millennials-now-own-more-pets
*Pictures taken from web:
https://runningwithwishes.wordpress.com/tag/dogs-in-strollers/
http://www.goodtoknow.co.uk/family/galleries/34412/dogs-in-clothes/8
Figure 1: Increase in Pet Pampering*
These mentioned traits of the Millennial microculture describe a shift in consumer behavior pertaining to the pet industry. The $63 billion pet industry has tripled since 1996; in the past year, Americans spent $11 billion on pet-pampering alone with 33% spending on toys, 17% on costumes, and 10% on pet strollers (A. Bhattarai, 2016). Abha Bhattarai says that Millennials are twice as likely as Baby Boomers to buy clothing for pets (2016). As a Millennial dog owner, I should admit that I am guilty of pet-pampering, since my dog has a coat for the winter months and a blanket to tuck him into at night. Millennials grew up in a society where technology has developed and improved drastically. Social media and texting have become primary ways of communication. Have you noticed how many people post pictures of their pets on Facebook? Often, they are seeking approval and social identity. The higher hedonic and functional values we Millennials receive from pets stem from our backgrounds and impact our decisions involving purchases for our pets. This interesting article describes eight ways Millennials are redefining pet ownership. Debbie Phillips-Donaldson shares in Figure 2 these pointers on how the consumer behavior of Millennials is different from previous generations (2015).
Figure 2: Pet Shopping Differences of Millennials
Based on this list, I believe the pet industry will see major changes in upcoming years regarding product development in order to accommodate this different set of values of the Millennials.
Sources:
Bhattarai, A. (2016). Millennials Are Picking Pets over People. The Washington Post. Retrieved from https://www.washingtonpost.com/news/business/wp/2016/09/13/millennials-are-picking-pets-over-people/
Phillips-Donaldson, D. (2015). Baby Boomers, Step Aside: Millennials Now Own More Pets. Petfood Industry. Retrieved from http://www.petfoodindustry.com/articles/5049-baby-boomers-step-aside-millennials-now-own-more-pets
*Pictures taken from web:
https://runningwithwishes.wordpress.com/tag/dogs-in-strollers/
http://www.goodtoknow.co.uk/family/galleries/34412/dogs-in-clothes/8












