Pet Food Market Trends

Research and Markets offers new global pet care market report

Report projects global pet care retail values nearing US$94 billion in 2012
Despite economic uncertainty, the global pet care market continues to grow in 2012, with retail values approaching US$94 billion, according to Research and Markets' latest report, "Pet Care Forecast Revisit 2012: How Resilient Is the Global Market?" The report, by Euromonitor International, projects sales will continue to grow between 2012 and 2017, thanks to the humanization of pets and strength in emerging markets, although retail value prospects were downgraded from previous Euromonitor forecasts. 
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Packaging: what consumers (say they) want

Consumer surveys routinely show the same wants and needs for packaging of consumer goods products: convenience, ease of opening and closing (and, increasingly, ease of resealing the package), product freshness and sustainability -- though the majority of consumers surveyed don't seem willing to pay more for eco-friendly packaging. These all hold true in a survey conducted by Packaged Facts earlier this year and reported by Marketing Daily.
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Indian pet care market to reach US$144.8 million by 2015

Euromonitor International report projects pet ownership rise to fuel demand for pet care products
According to a report from Euromonitor International, the pet care market in India is estimated to reach Rs800 crore (US$144.8 million) by 2015 from Rs368 crore (US$66.6 million) in 2011, as pet ownership rises and fuels greater demand for pet care products. Industry players estimate that average spending on pets is crossing more than Rs10,000 (US$180.74) per month, which includes daily hygiene care, petfood, vaccination and other services. 
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Interpets 2012 draws record number of visitors, exhibitors

Japan's pet industry show attracted 46,883 visitors, up from 39,481 in 2011.
In 2012, the Japanese pet industry show Interpets drew more visitors than its first show in 2011, with 46,883 visitors in 2012 compared to 39,481 in 2011. Among those who attended Interpets, which took place August 23-26, were 9,836 pet industry professionals. 
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Global petfood market to reach US$74.8 billion in 2017

Transparency Market Research projects Asia Pacific region to be fastest growing global petfood market
  The global petfood market will grow by 4.2 percent annually over the next six years, increasing from US$58.6 billion in 2011 to US$74.8 billion by 2017, according to a report published by Transparency Market Research of Albany, New York, USA. The report projects the US market for petfood sales will increase 3.2 percent in 2012, growing at an annual rate of 3.5 percent over the next six years, from US$21.7 billion in 2011 to US$26.6 billion in 2017.  
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How to: Apply human food trends to petfood

Fringe foods, DIY dog food and health-enhancing diets take their cues from the grocery aisle and put them on the pet store shelf
The field of pet nutrition has become more science-based than ever, according to the Veterinary Practice News article "Pet Food Nutrition Mimics Human Health Trends." Large petfood companies are using scientific research to provide petfood options to consumers that claim to prevent or combat common health problems such as kidney disease, arthritis and cancer.
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New study aims to better understand pet ownership, end pet homelessness

American Humane Association looks into reasons behind not owning a pet in this first phase of a three-part study
American Humane Association's Animal Welfare Research Institute released the results of the first phase of a three-part study to better understand pet ownership and retention and discover the most effective strategies to ensure homeless animals find their forever homes. Phase I of the "Keeping Pets (Dogs and Cats) in Homes Retention Study," funded through a grant from PetSmart Charities, examines why some American households don't have a pet through interviews with 1,500 previous pet owners and non-pet owners.
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Food technologists offer insights for petfood, too

Though the Institute of Food Technologists focuses on foods for human consumption, the organization has interest in the unique issues involving petfood
While the Institute of Food Technologists (IFT) focuses mainly on the human food industry, many of the organization’s initiatives, including its annual meeting, are applicable to petfood as well. In fact, when I attended IFT’s 2012 Annual Meeting & Food Expo June 25-28 in Las Vegas, Nevada, USA, to speak about petfood regulations, I ran into several people from the petfood industry who have been IFT members for years.
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Nielsen to host new product webinar on July 31

Free webinar for industry professionals will focus on successful new product development
Nielsen will host a webinar at 12 p.m. ET on July 31 for industry professionals, entitled, "Breakthrough Innovation: Creating - and Sustaining - a Leader." In this free webinar, Nielsen experts will discuss new product innovation, sharing the results of its Breakthrough Innovation Report, a study of more than 11,000 new product introductions over a three-year period. 
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Pet Fair Asia exhibitor booths now sold out

Nearly 12,000 visitors expected to attend China's pet trade show
Organizers of China's pet trade show, Pet Fair Asia, have announced that booths are already sold out for the 2012 show, taking place in Shanghai, October 11-14. With 5,641 visitors from 21 countries currently pre-registered, 12,000 visitors are expected to attend Pet Fair Asia this year. 
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