According to sources, the coronavirus pandemic has led to a drastic increase in demand for pets across the world, leading to a massive shortage in supply and price hikes for pets of all kinds. Pet lovers who have been considering getting a furry friend can expect to pay a premium price for cute and cuddly companions due to a supply glut.
As per reports, since the pandemic began, animal shelters have experienced a significant increase in adoption rates. People are seeking the emotional support that a pet can provide during these stressful times of social distancing and remote working.
The situation has created a “seller’s market” for breeders and pet stores, who are taking advantage of the increasing demand to raise prices. The cost of dogs, cats, birds, and other household pets has risen significantly in the past few months, and the trend is expected to continue in the coming months.
As parents seek to keep their children entertained, they are also turning to pets, leading to an increase in demand for puppies and kittens. In some cases, puppies have even been imported from outside the U.S., adding to the increase in prices.
However, experts warn that as people return to their normal lives, the demand for pets may decline, leading to a surplus of animals and potential owner surrenders. Therefore, it is essential for pet lovers to responsibly plan for the long-term care of their pets and not make impulsive purchases due to temporary emotional needs.
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The material in this article is written on the basis of another article.