Market Trends and Reports: Page 283

Pet Food Market

Petfood quality, pet health top purchasing drivers, mirroring human food trends

A new survey of dog owners by a UK-based pet supplies website shows the quality of petfood outweighs costs for many pet parents, echoing ongoing premiumization in the US petfood market and mirroring purchasing drivers for human food. Conducted online by GJW Titmuss from October to December 2013 and responded to by 675 dog owners, the survey showed 61% of the owners consider quality the most important factor when choosing a dog food, versus only 9% choosing cost.

Pet Food Market

SMARTCOOKEE superfood-based pet treats

Pet Food Market

Three Dog Bakery Honey Hearts, Puppy Kisses To Go dog treats

Three Dog Bakery

Pet Food Market

PetSafe indigo Fresh dog dental treats

Market Trends and Reports

Petfood Forum and Petfood Workshop 2014 offer latest petfood research, insights

Global sales of petfood topped US$69 billion in 2013, according to Euromonitor, with some market segments growing more than 5%. Petfood professionals can help their companies lead that growth by learning the latest research and industry information at Petfood Forum and Petfood Workshop 2014. As the one place the global petfood industry comes together each year, these conferences also offer a prime opportunity to network with peers and leading industry suppliers.

Pet Food Market

Mexico introduces 16 percent petfood tax

Mexico introduced a 16 percent tax on processed petfood on January 1. The tax will be applied at the retail level.

Pet Food Market

2014 human food trends for petfood to watch

Is the next big thing in petfood based on a relatively old thing? In the December issue of Pet Product News International, David Lummis of Packaged Facts speculated that the next petfood trend could be “biologically appropriate.” This harks back to a term and acronym that were widely used about a decade ago, BARF (biologically appropriate raw food), when the raw petfood segment was getting started.

Market Trends and Reports

Thiamine concentrations in canned foods for cats

Researchers measured thiamine concentrations in commercial canned foods formulated for cats as an assessment of the variation among canned foods. Researchers also determined the effects of flavor (fish vs. nonfish) of the food, texture (paté vs. nonpaté) of the food, country of manufacture and size of the company on thiamine concentration.

Pet Food Market

Looking into the 2014 petfood crystal ball

I don't really have a crystal ball (and I probably wouldn't trust it if I had one). Nor can I claim to predict, with full confidence, what will happen in the global petfood industry next year. But I can make a fairly informed speculation about the issues and events that may affect petfood in 2014. In no particular order of conviction or chronology:

Market Trends and Reports

Procter & Gamble sees continued petfood challenges in third quarter

Procter & Gamble and Colgate-Palmolive have both been facing similar market challenges in the pet care market as of late. Mars and Nestle are consolidating their positions in the global petfood market, together accounting for 50% of value sales, and small and medium-sized companies in the industry are fragmenting the premium end of the market, where Procter & Gamble and Colgate-Palmolive have traditionally derived the bulk of their sales.

Market Trends and Reports

MPM Products sells 100 millionth unit of wet cat food

MPM Products, manufacturer of the Applaws and Encore petfood brands, is celebrating after selling its 100 millionth unit of wet cat food worldwide. The Manchester, England-based company is seeing sales of its brands continue to grow and is on track to reach its target of £24 million (US$39.1 million) turnover by the end of 2013.

Pet Food Market

Pet market premiumization: An industry update

The all-important human/animal bond is helping to insulate the pet market during the recession and boding well for ongoing market growth, as marketers across all pet categories solidly position their products on pet owners' affection for their animals. In Packaged Facts' February/March 2013 online survey, as reported in our Pet Market Outlook 2013-2014, 83% of pet owners agreed with the statement "I consider my pet(s) to be part of the family," with 59% agreeing a lot and 25% agreeing a little.

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