I had heard that the world spent less on energy R&D than on pet food, so I decided to check. Actually, it's worse than that.
|Photo © Sophielouise at Dreamstime|
Worldwide energy R&D spending in 2007 was about $12 billion according to IEA statistics that we are reporting in the upcoming World Development Report. I could not find what the world spends on pet food - so I looked up what happens in the US. In 2005, Americans spent $34 billion on pet products, 41 percent (or $14 billion) of which was on food and treats.