Between 2012 and 2016, the percentage pet owners who reported giving treats increased, according to the most recent American Pet Products Association’s National Pet Owners Survey.
The American Pet Products Association’s 2017-2018 National Pet Owners Survey examined how pet owners in the United States view the importance of brand.
Between 2010 and 2016, the annual revenue Mars Petcare grew the most compared to other dog and cat food companies in the Petfood Industry Top Companies database.
Blue Buffalo grew at least nine times faster than Mars, Purina, Big Heart Pet Brands or Hill’s Pet Nutrition, in terms of compound annual growth rate (CAGR).
Different social and economic trends influence pet food markets in these regions, resulting in disparities between value and volume growth of pet food retails sales.
While the pandemic caused unprecedented suffering worldwide in 2020, the disruptions to dogs, cats and other pets adoption numbers may normalize in 2021.