Competitive landscape favors corporate kingpins

The convergence of evolving e-commerce strategies, omnichannel shopping trends and consumer demand for comprehensive solutions presents significant growth opportunities for larger companies.

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Pet owner spending has broadened across physical and digital retail channels among all types of pet products and services.
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Packaged Facts projects retail sector sales of pet food and treats (excluding products sold through the veterinary sector) to reach US$70 billion in 2024 — up 4% over 2023, down from COVID pandemic-driven highs of 14% to 16% in 2020 through 2022.

Packaged Facts also projects retail e-commerce sales of pet food/treats to reach US$29 billion in 2025, or 41% of the total, up from 25% in 2019. “E-commerce sales” are defined as including online and smartphone app (digital) sales; sales of pure play internet retailers (such as Amazon and Chewy); digital sales of brick-and-mortar-based retailers (such as Walmart.com and PetSmart.com); and buy online, pick-up in store (BOPIS) or curbside.

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