![Pets thumbnail](https://focusbankers.com/wp-content/uploads/2023/01/Pets-thumbnail.png)
The global pet industry has grown dramatically in recent years, despite the downturn in the world economy, driven by increased adoption rates, humanization trends among owners, and e-commerce penetration. The industry has proven to be largely recession-resistant while underlying trends support continued growth in the future, regardless of overall economic conditions.