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Adventures in Pet Food: Page 56
Pet Food Market
Parsing petfood numbers: volume versus value
This site and Petfood Industry magazine often highlight reports from Euromonitor International, Research and Markets and others indicating the continued growth of the global -- or, in reports from Packaged Facts, the US -- petfood market, despite ongoing economic crises and slow recovery from the recession.
Pet Food Market
Finding useful petfood market data
If you rely on data from the US Department of Agriculture on grain crops and prices -- or data on other petfood ingredients -- you may have cause for concern. Possible US federal budget cuts may affect the agency's ability to continue to provide such timely and accurate data, according to Joe Prusacki, director of the statistics division at USDA's National Agricultural Statistics Service (NASS).
Pet Food Market
Online pet retailers and related sites succeeding with innovation, social media
Despite Facebook's less than stellar initial public offering, there's no doubt it remains a force to be reckoned with. With more than 800 million users worldwide -- a number that is expected to reach 1 billion by next month (August 2012) -- along with nearly 47% revenue growth from 2010 to 2011 and many other impressive statistics, this leading social medium has become a household word and daily habit for many consumers. Which means it's also become an invaluable marketing platform for many consumer goods companies, including those that make, market or distribute petfood.
Pet Food Market
Treat sales, Latin America drive pet industry growth, Euromonitor says
Like other experts and analysts, Euromonitor International is bullish on the global pet industry. "Overall retail growth should be stronger than in 2011, with total sales approaching US$95 billion worldwide in 2012, writes Paula Flores, the firm's new global head of pet care research, in a blog. "This represents a year-on-year constant value gain of 2.5%."
Pet Food Market
Corn crop increases, along with wheat prices
The global corn harvest may set another record this year, with a 9% increase in yield over the 2011 crop, itself a record, according to Dr. Joseph Glauber, chief economist at the US Department of Agriculture. The rise in the global crop is being driven by an almost 20% increase in the US harvest, he said.
Pet Food Market
What's next for our industry after the latest petfood recalls?
The good news is that no further incidents from the Diamond Pet Foods recalls have come out since the end of May. The bad news, of course, is that the recalls happened at all and especially that people and pets were sickened by Salmonella-contaminated petfoods produced at Diamond's Gaston, South Carolina, USA, plant.
Pet Food Market
What's the state of the global petfood industry?
Despite petfood recalls in the US, problems with chicken jerky treats from China and the still-stumbling economy -- especially in Europe -- the global petfood industry seems to keep humming along. For example, a new report from Research and Markets shows the nearly 200 US-based petfood manufacturers (including huge multinationals like Mars and Nestle Purina) earn a total annual revenue of about US$47 billion.
Pet Food Market
Petfood trends at Interzoo 2012
Interzoo 2012 has ended, with 1,539 companies from 53 countries exhibiting and more than 37,000 people from 115 countries visiting -- and petfood products galore. While the number of exhibitors and and exhibit space were records, the number of visitors to the show in Nuremberg, Germany, decreased slightly. But most petfood exhibitors I talked with were happy with the show traffic and number of leads or amount of business they received from the show.
Pet Food Market
The latest petfood recalls: Is our industry at another crossroads?
Recalls in our industry are nothing new, of course, and with new food safety regulations bringing new reporting requirements, petfood recalls seem to have increased within the past two years -- even though industry professionals know that's not the case. Rather, manufacturers have become more proactive and complied with the new regulations by reporting any incidence of Salmonella or another pathogen found in a facility, even if no products were contaminated (which is usually the case).
Pet Food Market
Celebrate National Pet Week with good news about pet care spending
May 6-12 is National Pet Week, according to the American Veterinary Medical Association, which says the week is celebrated in the US and other parts of the world to "promote responsible pet ownership, celebrate the human-animal bond and promote public awareness of veterinary medicine." Perhaps your company is planning a special promotion or at least timing promotional activity with local celebrations at pet retail outlets.
Pet Food Market
For petfood manufacturers, corn and wheat harvests might mean good news
Recent reports from the US Department of Agriculture offer good news for petfood manufacturers that use corn- or wheat-based ingredients in their formulations: Planting of corn and wheat in the US is ahead of schedule so far this year thanks to favorable weather. As of April 15, about 37% of the spring wheat crop had been seeded and 17% of the corn crop had been planted, according to reports.
Pet Food Market
For petfood, true innovation now lies behind the scenes
For Interzoo 2012, the organizer of the event -- arguably the largest pet trade show in the world -- invited me to give a presentation during the show's international press conference. While honored and flattered by the invitation, I was also rather nervous, initially, because of the requested topic: innovation in petfood and treats.
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