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Pet Food Market
Market Trends and Reports: Page 3
Market Trends and Reports
US pet food sales at US$64.4 billion in 2023, ‘a little disappointing’
Although pet care sales grew less than in previous years, analysts nevertheless forecast pet care to continue growing in the coming decade and outpace other segments of the fast-moving consumer goods category.
Brand Insights
Buy Better, Buy Smarter
Supply Tigers Inc
Tailored solutions to curb indirect spending and improve cost and operating efficiencies for your pet food production.
Global Pet Food Trends by Region
Global differences in pet food purchasing channels
Worldwide, pet owners may continue diversifing their pet food buying channels, looking for the brands they want at affordable prices.
Pet Food Marketing and Branding
Pet food innovation rate down, but new product value up
Although the new product pipeline slowed in 2020, that smaller quantity of new pet consumables brings in more profits.
Market Trends and Reports
Pet product paradigm shift: Target Gen Z trends to increase market impact
Although Millennials remain the largest pet owning generation, Gen Z is changing the way owners want to learn about and purchase pet products, noted the American Pet Products Association's latest Strategic Insights Report for 2024.
Pet Food Marketing and Branding
Cat food, treat innovation rises in 2024 with health focus
Numerous cat consumables were displayed in Global Pet Expo’s new products showcase as cat owner spending grows faster than dog in the U.S.
Market Trends and Reports
Report: Cost of pet parenting grows with humanization trend, premium products
Rover's 2024 True Cost of Parenthood report for dogs and cats revealed that 61% of owners reported an increase in expenses associated with their furry companions over the past year.
Adventures in Pet Food
4 pet food trends I’ll be tracking at Global Pet Expo 2024
Does the show promise to showcase air-dried and freeze-dried products, more new cat foods and treats and still more CBD treats and supplements?
Global Pet Food Trends by Region
6 ways urbanization influences global pet food industry
Although regional differences exist, six effects of human urbanization influence pet ownership worldwide.
Africa
Pet food among top opportunities for US exporters to Kenya
Cats were the most frequently kept pets in Kenya with 68% of pet owners having them.
Adventures in Pet Food
Consumers loyal to preferred pet foods despite high prices
Pet food inflation in the U.S. keeps falling, though prices are still much higher than three years ago; yet most owners are sticking to their pet food choices.
Central/Western/Southern Asia
Turkish pet food growth opens US ingredients opportunity
Although domestic production has increased, demand has outpaced supply, so Türkiye has also imported more pet food over the years. There may be opportunities for U.S. rendering companies to export pet food ingredients to Türkiye.
East Asia
Singapore’s imports of US pet foods up 17% in 2022
U.S. pet food brands have s 23% market share in Singapore, second only to Thailand.
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