Market Trends and Reports: Page 13

Pet Food Market
October 2024: ‘Petflation’ slowed as national rates rose to 2.6%
Pet prices experience seventh straight month of deflation.
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Adventures in Pet Food
Top human food trends for 2025: Insights for pet food
Consumers are still focusing on ingredients, wellness, gut health, plant-based foods and sustainability, but for next year, AI has also made top trends lists.
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Adventures in Pet Food
Pet treat update: Is it becoming a cat’s world?
In the U.S., cat treat sales are growing at a much higher rate than are dog treats, though from a much smaller base. Should companies focus on this category?
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Pet Food Market
India pet food market will double to reach $1.98 billion by 2030
The market is also seeing a trend toward natural and organic pet food, driven by increasing health consciousness among pet owners.
The India pet food market has experienced substantial growth over the past decade, fueled by increasing pet ownership, urbanization and rising disposable incomes.
Pet Food Market
Dog food quality insights from Mexico’s consumer protection agency
PROFECO's latest report evaluates the quality of 41 brands of dry dog food available in the Mexican market.
PROFECO's dog food quality study offers valuable insights for Mexican pet owners.
Market Trends and Reports
Study: 43% of Americans prefer pets over children
A new report from the Harris Poll said many Gen Z and Millennials feel pets are easier to care for and come with fewer financial burdens.
According to a recent Harris Poll, ‘Fur Families’ are the preferred lifestyle choice over having children in 2024, with pet parenthood having a strong foundation in American livelihoods.
Adventures in Pet Food
The ongoing pain of high prices for pet food purchasers
Pet owners are still experiencing financial constraints from higher pet food prices and also ones for human food, beverages and other pet care categories.
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Market Trends and Reports
Freshpet reports strong Q3 results with increased sales, profit growth
The company reported a net income of $11.9 million for the third quarter of 2024, compared to a net loss of $7.2 million in the same period last year.
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Market Trends and Reports
Report: E-commerce pet food sales projected to surpass US$21B in 2024
E-commerce continues to dominate the U.S. pet food market due to ongoing shifts in consumer buying habits and strong competition from platforms like Amazon.
The pandemic significantly boosted online sales due to its convenience and contactless nature, and this trend continues.
Adventures in Pet Food
Pet food brand success today requires consumer trust
Consumers worldwide have low trust in national and global companies, according to a recent survey, and in today’s world, that could apply to pet food, too.
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Market Trends and Reports
US pet food sales: Units and volume catching up to dollars
New U.S. pet food sales data from NielsenIQ, presented during KibbleCon 2024, indicate changes in dollar, unit and volume growth rates to date in 2024.
Newer pet food formats like freeze dried are growing at higher rates than more traditional types, though from much smaller sales bases.
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.
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