The trend of pet humanization in Thailand has continued, despite people cutting spending on their pets due to the flood crisis and pet loss, according to Euromonitor International's Other Pet Food in Thailand report.
Spending on pets is expected to rebound to previous levels during the second quarter of 2012, the report says. The report also identifies leading petfood companies and brands and offers an analysis of the market for bird, fish and small mammal/reptile food. The report provides retail sales data from 2007-11 and forecasts to 2016. The report can be purchased online.
The mid-year meeting addressed several regulatory matters affecting petfoods
It gives more direct control to CVM in establishing and maintaining ingredient definitions
Committees discussed key proposals such as a possible shift in the oversight of animal feeds
While petfood shoppers continue to show strong brand loyalty, pet products have not been immune to the store brand swing
Read more of Dr. Mukund Parthasarathy's insights on the changing petfood retail market and how it affects petfood manufacturers large and small
Now is the time for packagers, producers, marketers and manufacturers to capitalize on the traveling with pets trend
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