Pet Food News: Page 86

Ethos Pet Brands names Matt Amigh CFO

Amigh will lead the financial strategy across Natural Balance and Canidae pet foods.

Matt Amigh, CFO

Insect-based Cat and Dog Food

Spanish insect producer secures funding to increase capacity

Tebrio has completed a EUR30 million (US$32.4 million) funding round to boost its annual production to more than 100,000 tons to meet growing global needs.

Adriana Casillas, CEO, and Sabas de Diego, CTO, with Tebrio.

Boehringer Ingelheim expands research and development facility

With a capital investment of US$66.1 million and 63 new jobs created, this expansion includes the addition of 63,000 square feet of administrative space and more than 28,000 square feet of laboratory space in Athens-Clarke County, Georgia.

Anchor Ingredients opens Indiana processing facility

The $40 million transload and ingredient processing facility in Richmond aims to serve as a key distribution hub for top pet food brands.

The Richmond facility was completed within 12 months and commissioned on schedule.

AFB International opens Asia Pacific regional hub

Based in Thailand, the new facility will bring together corporate, offices, manufacturing, R&D and quality teams under one roof.

AFB Thailand is the company's first regional headquarters and manufacturing facility in the Asia Pacific region.

Market Trends and Reports

Pure Treats acquiring Bar W Foods, Eighteen Below pet foods

By integrating 18 Below’s expertise, PureBites may expand its product line and capacity, meeting the growing demand of pet owners who are looking for raw freeze-dried pet treats, food and toppers.

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Live and dead bacteria similarly benefited dog health

In a study using the bacteria Bifidobacterium animalis, both the living and dead forms of the bacteria had beneficial effects on dogs’ health.

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Market Trends and Reports

Survey: Pet population increases, pet spending declines

Results from 2024 AVMA Pet Ownership and Demographic survey showed the percentage of U.S. households that own dogs and cats have increased steadily.

According to the AVMA survey, dog owners spent less overall on their pets this year compared to 2023 while cat owners spent slightly more than they did in 2023.

Sarah Hyland honored by Purina for domestic abuse advocacy

The inaugural Variety Courage Award highlighted Hyland's involvement with the Purple Leash Project, which helps domestic violence shelters become pet-friendly.

Sarah Hyland, recipient of the first-ever Variety Courage Award presented by Purina, takes in “Courageous Together” by Kristen Visbal, which was commissioned as part of the Purple Leash Project, an initiative led by Purina and the nonprofit RedRover, that aims to help more domestic violence shelters become pet friendly.

Wellness Pet names Sanjay Singh CFO

Singh brings nearly 30 years of retail and consumer finance experience to Wellness Pet.

Sanjay Singh, CFO

Pet Food Market

Modern Plant Based Foods expands into pet food market with acquisition

The company has acquired AnimalKind, which specializes in plant-based dog treats.

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Market Trends and Reports

Premiumization, pet ownership drive pet food ingredient market growth

MarketsandMarkets reports the global pet food ingredients market will rise from US$34.2 billion in 2023 to US$47.4 billion by 2028, a CAGR of 6.8%.

As more people embrace pets as part of their households, the demand for high-quality, diverse and innovative pet food ingredients continues to rise.

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