Though lockdowns have eased and the country has reopened, adoption rates have largely kept shape, according to Sumit Singh, CEO of Chewy.
"Overall adoptions, we believe, [are] up still year over year by double-digit percentages both across dog and cat," he told CNBC's Jim Cramer Thursday.
Chewy, a $33 billion online pet food and supply store, last month launched a pet adoption service and is currently working with 6,000 shelters, he noted.
While Singh did not cite any statistics, online searches for pets remain elevated and the pet owner market has expanded greatly, based on research from Piper Sandler.
The pet products industry made $103.6 billion in sales in 2020, according to the American Pet Products Association.
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American Pet Products Association