Several of the most-read news articles and blogs on Petfood Industry’s website focused on inflation in 2022. Although inflation has tapered off during the year, pet owners may still be concerned about the cost of feeding their pets in 2023.
Although 2022 had fewer major mergers and acquisitions than some previous years, one of the biggest news items of the year was Mars Petcare’s purchase of Champion Petfoods. The press release about the transaction and a blog about its ramifications were in the top 10 most-read articles. Even an earlier article speculating about the potential for Mars Petcare to acquire Champion was in the top 20.
The third most-read article dealt with a rising issue affecting pet food packaging suppliers. In 2022, pet food customers increasingly focused on per- and polyfluoroalkyl substances (PFAS) used on pet food bags. Some states have already started regulating the use of PFAS on pet food packages, and more may follow in 2023.
The 10 articles listed below had the most pageviews on PetfoodIndustry.com in the past year.
Debbie Phillips-Donaldson: Pet food inflation in the U.S. rose to 9.1% in May 2022 versus May 2021, exceeding the 8.6% increase in the total Consumer Price Index (CPI) for May 2022. While year-to-date (YTD) through May, pet food inflation is at 5.7%, lagging the 8.2% for the CPI, pet food appears to be catching up as the year goes on.
Largest global pet food company announced its acquisition of Canada-based producer of Acana and Orijen brands for an undisclosed amount.
The chemicals were not identified in the pet foods themselves. Bags from Purina Cat Chow Complete Chicken had the highest concentration of total PFAS, at 245 parts per billion (ppb).
Debbie Phillips-Donaldson: At the end of 2021, pet food inflation in the U.S. stood at only 2.4%: higher than 2020 but lagging well behind the overall U.S. inflation rate of 7%, as well as that of other sectors. Yet we all know inflation has not only continued into 2022 but also worsened. Is that true for pet food, too?
New corporate identity encompasses expansive growth in all segments of pet food.
Debbie Phillips-Donaldson: Cases of canine dilated cardiomyopathy (DCM) did not increase significantly from 2000 to 2019 as sales of grain-free pet food were soaring, at least from 2011 to 2019, at a rate of 500%. That’s the conclusion of a peer-reviewed study by BSM Partners released on March 17, 2022, and published in the journal “Frontiers of Animal Science.”
Despite all the changes the past few years have brought, many of the same trends remain dominant in the pet food industry.
Recently the U.S. Bureau of Labor Statistics (BLS) released U.S. inflation data for March 2022, and the news (not good) spread fast and wide: The Consumer Price Index (CPI) rose 8.5% compared to 2021 levels, the largest increase since 1981. How did pet food fare?
Debbie Phillips-Donaldson: The announcement on November 1, 2022, that Mars Petcare is acquiring Champion Petfoods was significant, though certainly not surprising. Going back nearly four years, to July 2018, media such as the Wall Street Journal reported Champion being for sale, with Nestle Purina PetCare about to purchase the Canadian-based maker of premium Acana and Orijen brands.
Amid the Russian invasion, Kormotech pet food in western Ukraine continues production and opens a new pet charity.
Tim Wall covers the dog, cat and other pet food industries as a senior reporter for WATT Global Media. His work has appeared in Scientific American, Live Science, Discovery News, Honduras Weekly, Global Journalist and other outlets. He holds an M.A. in journalism and an M.S. in natural resources, both from the University of Missouri - Columbia, along with a bachelor's degree in biology.
Wall served in the Peace Corps in Honduras from 2005 to 2007, where he coordinated with the town government of Moroceli to organize a municipal trash collection system, taught environmental science, translated for medical brigades and facilitated sustainable agriculture, along with other projects.
Contact Wall via https://www.wattglobalmedia.com/contact-us/
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