October 7, 2022 – Debbie Phillips-Donaldson
Sustainability in most sectors, including pet food, has moved well beyond a trend associated with “tree-huggers” and has entered the mainstream as a business imperative, especially in this age of supply chain disruptions causing scarcity and rising prices of raw materials—not to mention the growing number of disasters wrought by climate change.
October 12, 2022 – Debbie Phillips-Donaldson
The pet food market has a well-deserved reputation for being recession resistant and even, since 2020, pandemic resistant. For example, pet food and treat sales in the U.S. increased 15% in 2020 and another 15% in 2021, according to Packaged Facts.
October 19, 2022 – Debbie Phillips-Donaldson
Throughout 2022, consumers have struggled with rising prices for nearly everything they need to buy, especially food and groceries, due to massive disruptions in supply chains, ongoing economic crises and Russia’s invasion of Ukraine. Those who are pet owners have been dealing with the double whammy of pet food prices increasing at nearly the same pace as human food prices.
October 1, 2022 – David Sprinkle
Pet care spending is showing its recession-resistant mettle, at least in relative terms, even in this newer phase of high consumer inflation.
October 27, 2022 – Debbie Phillips-Donaldson
The U.S. has long led the global pet food industry as the largest market, and now it’s added another, more dubious, #1 status: as the leader in pet food inflation. At the end of September 2022, pet food inflation in the U.S. reached 14% year over year (YOY), outpacing that of human food (“food at home” in U.S. government parlance) at 13% and the overall U.S. consumer price index (CPI) of 8.2%. Unfortunately, this scenario is playing out to various extents in other pet food markets as well, though to date, the U.S. is one of the few in which pet food has surpassed human food in terms of inflation.