The "Pet Food in the U.S., 16th Edition" report has been added to ResearchAndMarkets.com's offering.
With 2021 sales approaching $40 billion, sales of dog and cat food are expected to top $60 billion by 2026, with e-commerce continuing to strengthen its position as the No. 1 retail channel.
In the previous edition of this report, the big question was how the COVID-19 pandemic would affect the pet food market. We now know that the pandemic had a surprisingly positive effect on the pet market as a whole and on pet food in particular, which saw double-digit growth in 2020 and 2021.
And the pandemic continues to impact the market, the most visible forces being the record inflation and supply chain disruptions that have driven prices to an all-time high. Other market factors include an increased awareness of health and wellness, the acceleration in online shopping and related behavior and the solidification of pets' role in the home as family members.
Despite the challenging conditions of the past few years, the pet food market has proven to be as resilient as ever, bolstered by U.S. pet owners' willingness to spend on their beloved "fur babies" even in the midst of a health and economic crisis.
Featuring updated sales projections and analyses of the trends impacting the market now and into the foreseeable future, this completely revised 16th edition of Pet Foods in the U.S. analyzes the lingering impact of the pandemic including inflation, supply constraints, shopper patterns and pet owner interest in alternative pet foods.
Providing separate sales tracking and projections for dog and cat food, the report also examines trends by form (dry, wet, semi-moist, frozen/refrigerated, and freeze-/air-dried), ingredients, and product claims across the full retail spectrum including online retailers, mass-market outlets, the pet specialty channel and other channels.
It provides a comprehensive overview covering historical market size and projections (2017-2026); cross-market trends; consumer expenditures; market opportunities; mergers and acquisitions; channel trends including e-commerce and omnichannel; and new product and marketing trends--all presented through the lens of the changes brought on by the pandemic.
By Leah Wilkinson
A new year brings new opportunities and excitement, and 2023 is bound to be the same, with several chances for advancing policy issues of importance to the U.S. animal food industry.
By Lindsay Beaton