4% growth forecast for 2020 pet food sales, down from 6%
Pet food sales will reflect, as occurred in the Great Recession, some trading down to value and store brands.
Adapted from a press release:
Total U.S. retail sales of pet products and services may decline by 17% in 2020, compared with the 5% growth forecast prior to the coronavirus pandemic by market research firm Package Facts. However, pet food sales may still grow by 4%, according to projections in…