A new study by the Nielsen Co. shows that North America and Europe account for more than half of the world’s pet food sales, but growth potential in these regions is more limited than in others. Meanwhile, sales in Latin America and Eastern Europe are growing at a double-digit pace.
The study looked at where consumers are shopping for pet food:
Seventy percent of global pet food sales are in eight countries:
Specialty pet food sales have soared in Germany, with 86% of sales made by the top four specialty pet retailers.
That’s compared with:
New shelter data casts doubt on whether the pet population and pet ownership are truly growing.
While the pandemic caused unprecedented suffering worldwide in 2020, the disruptions to dogs, cats and other pets adoption numbers may normalize in 2021.