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Research Outline
Prepared for Mike S. | Delivered December 11, 2019
Millennial Pet Owner - Psychographics
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Goals
To build the psychographic profile of a millennial pet owner in the United States, including their habits, hobbies, spending habits, and values.
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Early Findings
Millennial Pet-Ownership Habits
"Millennials are moving away from small dogs toward
medium-sized dogs
, and that pet ownership is becoming more balanced between men and women. There are more male dog and cat owners among millennials than previous generations."
They want to be partners with their veterinarians, they are also more likely to use
veterinary products
rather than just a treatment, and they use dental rinses and get dental cleanings for their pets.
Millennial pet owners value the veterinary service that has
24/7 chat or texting availability
. They contact their veterinary service provider using social media or email.
Seventy percent
of millennials pet owners "would take leave from work to care for a
new pet
if it was offered."
Nearly
67%
of them say that their pet is a part of the family, considering it as their "
fur baby
."
Eighty-two percent
of millennial pet owners view their pet parenting as "preparation for having a baby."
About
51%
of them buy gifts for their pets once a month or more.
Most Millennial pet owners (65 percent) say it would be more stressful to be separated from their pet for a week than their cell phone.
Millennial Pet Owners: Spending Habits
Millennial spend
$1,285
per year on their dogs, while cat owners spend
$915
per year.
"If their pet falls ill, Millennials are ready to spend an average of nearly
$2,000
for the animal’s medical care. One in 10 said they are prepared to spend upwards of $10,000 on a sick pet."
As a tech-savvy generation, millennials prefer to buy toys, accessories, and food from
online retailers
.
"The least purchased pet products from online retailers include treats (
23 percent
), bedding (
24 percent
) and clothing (
24
), with Millennials preferring to purchase them at brick-and-mortar stores."
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