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:
2 top trends for 2021 according to the pet food industry
New shelter data casts doubt on whether the pet population and pet ownership are truly growing.
Shelter pet adoption numbers down in 2020, but high rate
While the pandemic caused unprecedented suffering worldwide in 2020, the disruptions to dogs, cats and other pets adoption numbers may normalize in 2021.