Latest News: Page 17

Global Commerce

Global pet care market at US$200 billion in 2024; Cats rising

The twin trends of humanization and premiumization may continue to spread in the pet food market as similar demographic pressures drive pet ownership growth worldwide.

Chat Gpt Image Jun 3, 2025, 10 19 45 Am

Open Farm adds veterinary nutritionist to support product development

Dr. Moran Tal-Gavriel joins the pet food company to lead formulation and innovation across product lines.

Wellness Pet secures $100M refinancing to support long-term growth

Wellness Pet Company

Company extended loan maturities to 2029 and improved liquidity with backing from the majority of its lenders.

Lesaffre and Zilor enter joint venture

Lesaffre has completed the acquisition of a 70% stake in Biorigin, a business unit of Zilor, leading to the creation of a joint venture.

Market Trends and Reports

Study: Most pet owners underestimate lifetime care costs

Synchrony’s 2025 Lifetime of Care Study finds pet care costs have risen significantly since 2022, with most owners unprepared for the financial reality.

According to the study, 74% of pet owners said they have faced unexpected pet care costs exceeding $250, while only 31% of pet owners admitted they can comfortably manage a major pet expense.

Pet Food Additives/Supplements

Study: ADM postbiotic may support blood sugar levels in dogs

A clinical study found that ADM’s PRIOME MH postbiotic reduced post-meal blood glucose in adult dogs, suggesting potential metabolic health benefits.

A recent clinical trial from ADM indicates that the postbiotic supports healthy blood sugar levels in adult dogs.

GAPFA appoints new secretary general

Dr. Sebastian Csaki brings international policy and sustainability experience to lead the Global Alliance of Pet Food Associations.

ProAmpac wins sustainability award for recyclable bag

RadTech honors ProAmpac’s PRO-EVO recyclable SOS bag, developed for pet and human food applications, for its sustainable use of UV/EB technology.

The PRO-EVO Recyclable SOS Bags have been award with a 2025 RadTech Sustainability Award.

IFEEDER outlines research, sustainability goals at annual board meeting

The Institute for Feed Education and Research plans to expand pet and animal feed data reporting and sustainability efforts in its next fiscal year.

ProMach acquires DJS Systems to expand automation in packaging

The acquisition strengthens ProMach’s capabilities in disposable food packaging automation, particularly in precision counting, bagging and thermoforming systems.

Market Trends and Reports

Report: U.S. pet food inflation cools, spending shifts to lower-cost options

New data from the Bank of America Institute shows flat pet food inflation but continued growth in vet and pet service costs, with younger, lower-income pet owners feeling the strain.

This latest report noted the price of pet food and pet services rose sharply over the last five years according to Bureau of Labor Statistics (BLS) consumer price data.

PetSmart Charities, Meals on Wheels celebrate 15 million pet meals delivered

The long-standing partnership continues to help older Americans care for their pets, addressing hunger and isolation through pet food support and services.

Sharon and her 7-year-old dachshund, Kali Mae, are able to thrive with the support of Meals on Wheels Waco.

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