Latest News: Page 66

Pet Ownership Statistics
US pet ownership steady since 2010; Cat may rise, dog fall
Analysts don’t forecast a significant increase in pet-owning households. By 2030, the number may rise by only one million.
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Pet Food News
Native Pet doubles footprint with Tractor Supply partnership
The company will bring its full line of products to 2,200-plus retail stores nationwide and tractorsupply.com.
Tractor Supply has a rapidly growing pet category that will now include Native Pet's dog supplements.
Market Trends and Reports
US pet food sales at US$64.4 billion in 2023, ‘a little disappointing’
Although pet care sales grew less than in previous years, analysts nevertheless forecast pet care to continue growing in the coming decade and outpace other segments of the fast-moving consumer goods category.
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Pet Food Marketing and Branding
AI-powered dog food vending machine debuts in Finland
The innovative vending machine from Hau-Hau Champion uses AI-powered facial recognition software and disinfectant blue light technology.
Hau-Hau Champion pioneered its AI- powered dog food vending machine in Finland.
Pet Food Market
Partner in Pet Food targeted by private equity in joint bid
Partner in Pet Food
Advent International and CVC Capital have joined together to acquire PPF, a Hungary-based manufacturer of pet food.
Partner in Pet Food supplies retailers, discounters, specialty pet retailers and online specialists in 38 countries with a range of dry, wet and semi-moist cat and dog food and snacks.
Production
Muenster Milling opens freeze-dried pet food facility in Denton, Texas
The 120,000-square-foot facility includes raw meat processing capabilities that can produce various protein blends and nutritional profiles.
Muenster Pet Foods creates premium dry and freeze-dried dog and cat food recipes, plus meal toppers, supplements and treats.
Global Pet Food Trends by Region
Global differences in pet food purchasing channels
Worldwide, pet owners may continue diversifing their pet food buying channels, looking for the brands they want at affordable prices.
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Production
Canadian pet treat producer expands Nashville, North Carolina, facility
The Crump Group will invest $85 million into state-of-the-art technologies and processes to bolster the company’s production capacity.
An $85 million expansion project at its Nashville, North Carolina, production facility will enable pet treat producer, The Crump Group, to expand its manufacturing capacity.
Pet Food Additives/Supplements
Pet Releaf launches non-CBD line of supplements
Pet Releaf
A plant-based pet CBD brand, Pet Releaf shared its first non-hemp-based supplements during 2024 Global Pet Expo in Orlando last week.
Pet Releaf introduced its first non-hemp-based supplements, including a postbiotic for dogs and cats of all ages and a fish-free Omega 3.
Pet Food Marketing and Branding
Pet food innovation rate down, but new product value up
Although the new product pipeline slowed in 2020, that smaller quantity of new pet consumables brings in more profits.
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Pet Food News
New Zealand Riverland Foods opens $21 million plant in Christchurch
Riverland's state-of-the-art facility will specialize in co-manufacturing wet diets and produce up to 30 million cans of pet food annually.
Riverland Foods Factory
Pet Food Marketing and Branding
Cat food, treat innovation rises in 2024 with health focus
Numerous cat consumables were displayed in Global Pet Expo’s new products showcase as cat owner spending grows faster than dog in the U.S.
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