A new survey report, Future of the Pet Industry 2015, from Pet Product News, shows optimism among retailers is high, with most pet product retailers anticipating healthy sales growth in the next year, with premium pet food expected to be a high-growth area.
One in four stores anticipate sales being more than 10% higher in 2015 than in 2014, and 90% of stores expect sales to be the same as or better than last year.
The survey findings include:
By Greg Aldrich, Ph.D.
The options for plant-based proteins in pet food are expanding all the time.
By Debbie Phillips-Donaldson
Despite the pandemic and economic turmoil, pet food saw healthy sales increases in 2020, as did market leaders.