Economic pressures hamper pet food sales growth

The ongoing complex global economic situation is wearing on pet owners and their bank accounts.

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As economic instability spreads across multiple fronts globally, pet owners — and by extension, the pet industry — are feeling the strain.
As economic instability spreads across multiple fronts globally, pet owners — and by extension, the pet industry — are feeling the strain.
tArtistGNDphotography I iStock.com
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Factoring in challenging macroeconomic and dog population trends, but also some signs of improvement in inflation, Packaged Facts projects retail sales of pet food and treats to rise 2.1% to US$70.45 billion in 2026. A compound annual growth rate (CAGR) of 3.2% is projected over the upcoming 2025–2030 period, thereby bringing sales to US$80.67 billion in 2030.

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