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According to Lai, the industry has been growing rapidly over the past 10 years, and it shows no sign of stopping.
“It's [forecast the] pet care industry, globally, will surpass $269 billion by 2025. So, those are astounding numbers.”
Lai specifically suggested Zoetis, a global animal-health company, which covers both companion pets and livestock and provides such things as pet vaccinations and medications.
She said pet-related stocks are likely recession-proof because people will make sure their dogs, cats and other pets get the best care no matter what the economy is doing.