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.
Pet owner spending has broadened across physical and digital retail channels among all types of pet products and services.
andreiin | Pixabay.com

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.

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