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Featured: Page 33
News Hound
Keep watching the SKUs! Social media amplifies pet food rumors
Social media attention may play a role in propagating rumors and lending them credence.
Petfood Forum News
What are pet owners' expectations around sustainability?
At a recent Petfood Forum panel discussion, experts highlighted the growing importance of sustainability in pet food, noting the tension between consumer demand for sustainability and its higher costs.
Market Trends and Reports
J.M. Smucker sales down US$41.3 million in Q1 FY25, profits up
The Meow-Mix brand increased with the quarter's mid-single-digit net sales and volume/mix growth. Milk-Bone demonstrated net sales growth in soft and chewy snacks.
Trending: Pet Food Podcast
EPISODE 67: How are predicted pet food trends playing out in 2024?
In this episode of Trending: Pet Food, Lindsay Beaton and IFF’s Dr. Mary Cope explore the top 2024 pet food trends, including premiumization, functional ingredients, and sustainability, while offering insights on the industry's future growth.
Petfood Forum News
Why ‘sustainability’ is a critical strategy for pet food manufacturers
Pet food manufacturers must prioritize sustainable practices to secure their future, as they balance environmental impacts and meet growing consumer and regulatory demands.
Sustainable Dog and Cat Food
Mars partnership launches sustainable pet food program
The new pilot initiative aims to drive innovation in pet food and engage with the startup ecosystem to develop more sustainable solutions in the pet industry.
Pet Food Market
Inspired Pet Nutrition acquires Butcher's Pet Care
The combined group will have sales in excess of £350 million (US$461.7 million).
Trending: Pet Food Podcast
EPISODE 68: What is the importance of conducting market research?
Kristy Boulos, COO of Matrix Partners, stresses the importance of market research in branding pet products to understand consumer needs and stand out from competitors on this episode of Trending: Pet Food.
Pet Food Market
July 2024: Pet prices up 0.1% as inflation falls to 2.9%
This is the lowest year-over-year inflation rate since 2.5% in March 2021.
Pet Food Ingredients
Above Food expands plant-based pet food ingredients with acquisition
With the acquisition of The Redwood Group, Above Food said it can extend its pet food business to approximately US$110M of combined company revenues on a proforma basis.
East Asia
South Korean pet food imports drop in 2023, despite sales growth
In 2022, the market size for dog and cat food reached KRW 1.69 trillion (US$1,308 million), representing a 71% increase from 2017's KRW 988 billion (US$874 million).
Market Trends and Reports
BARK revenue hits US$116.2 million in Q1 FY25
BARK, Inc., a global omnichannel dog food and other products brand, announced its financial results for the fiscal first quarter ended June 30, 2024.
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