Sales performance, growth prospects in US pet food

The trends are shifting in terms of pet ownership and pet food sales influences.

New Sprinkle Headshot Headshot
David Sprinkle
February 7, 2024
Subscribe to Magazine
Dogs and cats are vying for the top spot in pet owners’ hearts more than ever, shifting pet food sales trends to match.
Dogs and cats are vying for the top spot in pet owners’ hearts more than ever, shifting pet food sales trends to match.
Nataba I iStock.com

Packaged Facts estimates U.S. retail dollar sales of dog and cat food at US$51 billion in 2023, up 11% over 2022 and the fourth consecutive year of double-digit growth. Over the 2018–2022 period, dog and cat food garnered a compound annual growth rate (CAGR) of 13%, largely due to inflation-driven gains later in this period.

Log in to view the full article
Subscribe to Magazine
Recommended
Pet Food Press Releases
Mars has announces new CFO
Artisticco Llc Bigstock com Pet Shop Illustration
Adventures in Pet Food
3 values that drive pet food purchasers
Related Stories
Cat owners have long known their animals are worth it, and now the pet food industry may be catching up.
Market Report
Pet food marketers begin to cat(ch) up
Veterinary diet purchasing directly through the veterinarian is down, but that doesn’t mean pet owners aren’t spending their money on specialty formulations for their pets.
Market Report
The prognosis for prescription pet foods
The pet supplement space continues to grow as COVID has heightened pet owners’ awareness of their animals’ needs.
Market Report
Pet supplement sales push past US$2 billion
Dogs have been well-represented in pet food since pet food began, and now cats are getting some well-deserved attention.
Market Report
It’s raining kittens: Cat adoption in the spotlight
More in Market Report
Market Report
Cross-currents in pet food expectations
Pet owners provide clear preferences in surveys, but their actual purchases don’t always bear their thoughts out.
Pet owners treat their pets like family, and with that comes the same conflicts of desire vs. practicality in pet food purchasing that exist in human food purchasing.
Brand Insights
Achieve Cost Savings and Sustainability in Pet Food Production
Buhler Group
Unlocking cost efficiency through sustainable practices.
Achieve Cost Savings and Sustainability in Pet Food Production
Market Report
Vets as pet care influencers are on a more crowded stage
Specialty pet shops and the internet have gained in influence in recent years.
Veterinarians remain a reliable source of pet information in pet owners’ eyes, but other sources of information are gaining ground among millennials and Gen Z.
Market Report
Dry dog food update: Growth from ongoing premiumization
The top dog kibble companies continue to see growth in usage, as does the overall category.
Dog kibble brands continue to grow, alongside and perhaps in spite of novel ingredient and similar trends.
Market Report
Pet food sales and retail shopping patterns: A side-by-side look
E-commerce and brick & mortar continue to grapple for share in an omnichannel market containing more players than ever.
Pet food shopping has far more consumer options than ever before, leading to a different experience for each pet owner depending on their needs.
Market Report
Pet food marketers begin to cat(ch) up
The cat segment may finally be getting its due as investors and companies alike see the available opportunities.
Cat owners have long known their animals are worth it, and now the pet food industry may be catching up.
Market Report
The prognosis for prescription pet foods
Pet owners continue to shift the channels through which they purchase their pets’ diets.
Veterinary diet purchasing directly through the veterinarian is down, but that doesn’t mean pet owners aren’t spending their money on specialty formulations for their pets.
Market Report
Pet supplement sales push past US$2 billion
An increased focus on pet health has pet owners looking beyond food for solutions.
The pet supplement space continues to grow as COVID has heightened pet owners’ awareness of their animals’ needs.
Market Report
It’s raining kittens: Cat adoption in the spotlight
Learn about current trends in cat adoption, including a comparison to dog adoptions and a focus on kittens.
Dogs have been well-represented in pet food since pet food began, and now cats are getting some well-deserved attention.
Market Report
Market prospects: Puppy adoption vs. senior dog spending
Learn about age-related trends in the dog ownership space, including the demographics of puppy adoptions versus senior dog spending.
Dog ownership is seeing shifts, with multiple potential causes merging together to highlight senior pups.
Pet Food Market
What’s next for pet food: A generational perspective
Learn about the various pet food shopping patterns found among the generational demographics, especially millennials and Gen Z.
All the generations love their pets, but they may have different priorities when it comes to feeding their beloved animal.
Pet Food Market
Inflation drives pet food dollar growth
Learn about current inflation patterns and their effects on the pet food market.
Dollar moving up. Money finance growth chart graph stock market
Pet Food Market
Demographic headwinds to dog population growth
Learn about the economic and demographic factors involved in the current downswing of dog ownership, as well as what pet spending might be in for.
Shot of a young woman relaxing with her dog at home
Page 1 of 10
Next Page