August 1, 2022 – Debbie Phillips-Donaldson
For several years, the pet food industry has celebrated the market’s growth outpacing that of many other consumer goods categories, even during the pandemic. Yet no one is high-fiving over pet food’s latest growth story: an inflation rate that’s exceeded even the overall U.S. Consumer Price Index (CPI). Pet food inflation in the U.S. rose to 10.3% in June 2022 versus June 2021, surpassing the 9.1% CPI increase.
August 3, 2022 – Debbie Phillips-Donaldson
By all accounts, supply chain issues will be with us for a while, not just in the pet food industry but for the economy as a whole. Indeed, the current situation seems to be evolving into one of those paradigm shifts, not just disrupting the status quo but changing it for good.
August 8, 2022 – Tim Wall
Ordering a perfect cup of Earl Grey tea from a Star Trek-style replicator remains for the next generation. However, small-scale 3D printing of pet treats may not be science fiction for long. Those futuristically created treats may themselves contain equally novel ingredients, such as insect and algae proteins.
August 12, 2022 – Debbie Phillips-Donaldson
During the pandemic, as pet owners (existing and new) locked down with their furry family members, they rewarded the comfort and companionship with plenty of pet treats—to the tune of nearly US$10 billion in 2021 in the U.S. alone, according to Packaged Facts.
August 18, 2022 – Debbie Phillips-Donaldson
It’s become almost an axiom that pet food closely follows human food, especially in terms of trends. Unfortunately, that’s also true when it comes to prices: Even though the overall consumer price index (CPI) for the U.S. declined in July 2022, to 8.5% from 9.1% in June, both human food (or “food at home”) and pet food inflation continued to rise.