US pet food sales bank on power of top global players
The robust performance of top US pet food companies contributes to the market’s dominance in global sales
The ongoing dominance of US-based pet food companies atop the Top Pet Food Companies Database and annual report is a key reason the US continues to lead global pet food sales. While most of these companies, especially the two largest (Mars Petcare and Nestlé Purina PetCare), sell their products globally, their robust performance in the US definitely contributes to that market’s strength.
Among the 11 top-growing large brands of dry dog food in the US mass market channel in 2015, seven belonged to Mars or Nestle, according to Packaged Facts; the others were part of Ainsworth Pet Nutrition or Sunshine Mills, both among the 20 largest pet food companies globally.
In the US pet specialty channel, brands under Mars and Nestlé—the latter through its Merrick and Zuke’s divisions—have spearheaded new product introductions in the fast-growing freeze-dried pet food category, GfK reported. Those brands were joined by one from WellPet, also one of the 20 largest companies.
All this product development and market presence from top companies helped US pet food sales reach US$30.27 billion in 2015, a 3% increase over 2014. Sharing this data during Global Pet Expo in March 2016 in Orlando, Florida, USA, David Sprinkle of Packaged Facts projected 2016 sales to rise 3.3% to US$31.26 billion, with continuing growth each year climbing to 4.9% by 2020.
The 2015 US sales accounted for a large share of the US$70 billion global pet food market, though it should be noted the global figure is from…