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The pet industry is poised to swell from $320 billion to almost $500 billion by 2030, according to a new report from Bloomberg Intelligence (BI). The report finds that this growth is boosted by a growing pet population worldwide, as well as the premiumization of food and services resulting from the continued humanization of animal companions. The analysis finds that the US is positioned to continue to remain the largest pet market, with sales approaching $200 billion by the end of the dec.

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