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Adventures in Pet Food: Page 52
Pet Food Market
US election outcomes could affect petfood safety, labeling
When I was in Shanghai, China, a few weeks ago for Petfood Forum China and Pet Fair Asia, I was somewhat surprised by the number of people who asked about the US presidential election on November 6. I suppose I underestimated how integrated China is becoming into the global economy and political scene, and how much news from outside the country reaches its citizens despite government censorship and blocking of certain media.
Pet Food Market
Global pet care market, including petfood, continues to grow
The global pet care market will reach US$94 billion in sales by the end of this year and continue to grow through at least 2017. That's according to Euromonitor International's latest report, "Pet Care Forecast Revisit 2012: How Resilient is the Global Market?"
Pet Food Market
Petfood in China poised to explode
In 2010, the Chinese pet products market reached 40 billion yuan (US$6.4 billion) in sales, according to Jia Tong, vice president of Goumin.com, which bills itself as the largest social network for pet owners in China. She was one of the featured speakers during Petfood Forum China on October 12 in Shanghai, which drew more than 170 petfood professionals from China as well as Japan, Thailand, the US and Europe.
Pet Food Market
Ingredient scarcity calls for innovative solutions
After one of the worst droughts in US history this past summer, along with hot, dry weather in other parts of the world, it's no surprise that projections for crop supplies are continuing to decline. According to BloombergBusinessweek, a new report from the International Grains Council projects global corn production for the 2012-2013 harvest year to come in at 833 million metric tons, down from August's prediction of 838 million metric tons and 2011-2012's actual crop of 875 million metric tons.
Pet Food Market
SuperZoo sets record, organizer says
In another sign of the seemingly ever-resilient pet industry, last week's SuperZoo pet trade show in Las, Vegas, Nevada, USA, drew a record number of participants, according to the World Pet Association, the show's organizer. Those numbers included a 12% increase in attendees from 53 countries, 871 exhibiting companies and 160,000 square feet of (sold-out) exhibit space.
Pet Food Market
Forcing FDA's hand on new food safety regulations
It's not just people in the petfood industry who are getting antsy about when the US Food and Drug Administration will finally issue pending regulations in accordance with the Food Safety Modernization Act (FSMA). The human food industry has definitely noticed the delay, and now two organizations are trying to force FDA's hand.
Pet Food Market
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.
Pet Food Market
What corn and soybean prices at all-time highs mean for petfood
Though parts of the US Midwest have finally received some rain over the last few weeks, it's a case of too little, too late. The 2012 US drought has done irreparable damage to this year's crops of corn, soybeans and other grains (and the farmers who grow them) and will likely have a long-lasting impact on meat supplies and prices, too. This will definitely affect the prices of food, feed and, likely, petfood in the near future; food prices are already soaring in some parts of the world.
Pet Food Market
Approval process for petfood ingredients not perfect, but it works
The process by which new petfood ingredients are approved and defined in the US is, well, complicated. But for the most part, the process has worked, based on cooperation between the Association of American Feed Control Officials and US Food and Drug Administration. Last week, the memorandum of understanding that underpins that collaborative process was extended.
Pet Food Market
Where does FDA stand on FSMA implementation?
The US Food Safety Modernization Act (FSMA) is seemingly becoming a classic case of "hurry up and wait." When the act was signed into law by President Obama in January 2011, many players in the human food, petfood and animal feed industries began making an urgent case that food producers in all three industries needed to prepare, and fast, for new rules and regulations emanating from the law. Some experts even sounded notes of doom and gloom over concern that the new regulations would prove costly and onerous, especially for smaller manufacturers.
Pet Food Market
Grow the market by encouraging pet ownership
Ownership of dogs and cats in the US has continued to rise in the two decades that the American Pet Products Association (APPA) has been conducting its National Pet Owners Survey. That's the good news. The not so rosy news is that since 2006, the increase in ownership has been very small -- for example, dog ownership increased just 1.5% in the 2011-12 survey from the previous one (2010), while cat ownership grew just 1.8%.
Pet Food Market
Get forecasts for feed grain costs and availability
The US Department of Agriculture will issue its latest supply-and-demand report tomorrow (Friday, August 10), and all expectations are that the agency will again reduce its corn production forecast, according to a Dow Jones Newswires poll of analysts. These analysts project USDA will cut production another 15.4% after a devastating drought has decimated much of the US corn crop.
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