
Pet food shopping has far more consumer options than ever before, leading to a different experience for each pet owner depending on their needs.
Filimonov | iStock.com
In its just-released “U.S. Pet Market Outlook, 2024-2025,” Packaged Facts forecasts a compound annual growth rate (CAGR) of 5.8% for pet products over the 2023-2028 period. In the pet products arena, in keeping with recent historical patterns, pet food will post higher growth rates than non-food pet supplies, and e-commerce gains will outpace brick-and-mortar growth.
Packaged Facts projects a 7.3% CAGR for pet food (defined here to include pet treats), bringing this sector to US$83.2 billion in sales by 2028, compared with a 2.4% CAGR for non-food pet supplies.
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