Market Trends and Reports: Page 289

Market Trends and Reports

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Market Trends and Reports

P&G recalling Iams, Eukanuba dry petfood brands for potential Salmonella contamination

Procter & Gamble Company is recalling a number of lots of its Iams and Eukanuba dry petfood brands because the products have the potential to be contaminated with Salmonella. These recalled dry dog and cat food products were made during a 10-day window at a single manufacturing site and distributed throughout the US.

Pet Food Market

Do you have insights to share with petfood industry professionals?

If you have new research findings, deep knowledge or experience on a specific aspect of petfood manufacturing or marketing, why not share it with your peers in the petfood industry? Consider submitting an abstract to present at Petfood Forum 2014 or Petfood Forum Asia 2014.

Market Trends and Reports

Nestle reports higher sales for first six months of 2013 with growth in pet care division

Nestle reported sales up 5.3 percent to CHF45.2 billion (US$48.8 billion) for the first six months of 2013 with growth in both North and Latin America, including the company's Purina pet care division. The company reported strong growth specifically in cat food and treats in North America.

Market Trends and Reports

Palatability: The latest research, products and updates in the petfood industry

Palatability is a major player in the petfood industry-if the product you're selling isn't appealing to pets, your customers will soon go elsewhere. Staying on top of the latest research and products, as well as expanding to fit the needs of the industry, are key to ensuring that pets, and their pet parents, are satisfied.

Opertech Bio's microtiter operant gustometer, or MOG, for use by cats (based on the company's existing MOG for rats currently in use) is currently in the prototype stage. A cat would choose taste samples out of individual wells in the floor of the apparatus. A system of two levers and a laser would allow the cat to indicate both what the sample tastes like and a taste preference.

Market trends: Petfood consumer spending habits

Let’s look at US retail trends critically and discover more about where and why pet owners are buying petfood. Then, using what we find, you can prepare your products and brand to continue to buoy the industry with proper placement in retail channels and on the shelf.

Petfood sales have thankfully recovered from their recessionary low; however, the trick will be to sustain or surpass this rate of growth, since at its current pace pet population growth is not sufficient to drive higher levels of market advancement.

Packaged Facts projects over US$21 billion in petfood spending in 2013

Consumer spending in the US pet market will reach US$62 billion in 2013, up 4.7 percent from 2012, according to US Pet Market Outlook 2013-2014. This study, recently released by Packaged Facts, shows that petfood and veterinary services account for the majority of the market, with more than US$21 billion each in sales forecast for 2013.

Market Trends and Reports

Cats fed dry diets may be less willing to eat other food types, study shows

Research published in the Journal of Veterinary Behavior suggests that feedings cats exclusively a dry petfood diet may make them less willing to eat other types of foods. The study involving 18 cats examined how cats develop dietary preferences. Researchers looked at whether kittens first fed moist diets, then switched to kibble, would make an easier transition back to moist foods than kittens that were fed dry food from the beginning.

Pet Food Market

New research benefits pets, people and pet industry

While some issues arising from last week's American Veterinary Medical Association conference -- like whether veterinarians receive enough education on pet nutrition -- might spur controversy, I think everyone can agree that research on the benefits of the human-pet bond, presented during the accompanying conference of the International Association of Human-Animal Interaction Organizations (IAHAIO), is a positive development for pets, people and the pet industry.

Market Trends and Reports

US pet owner spending: Behavior versus attitude

After the Great Recession, it was not surprising to see growth of petfood sales in the US reach only 2.8% in 2010. While any growth was positive, especially considering how the global economy was faring overall, that was down from 6% growth just three years before and 8.3% in 2002, according to Packaged Facts.

Market Trends and Reports

Canidae reformulates grain-, gluten-free PURE dog, cat food formulas

Canidae Natural Pet Food Company announced it is reformulating its grain- and gluten-free PURE dog and cat food formulas. Along with reformulated foods, the company updated the petfood packaging and will launch two new grain-free treat varieties for dogs, under the PURE Heaven name, and two grain-free treat varieties for cats, under the PURE Taste name.

Market Trends and Reports

MPM Products set to expand further into global petfood market

UK petfood producer MPM Products has received a new loan and trade finance package to accelerate product development and expansion in the Asia Pacific and US petfood markets. The company already exports to 33 countries, accounting for 51 percent of orders, but the funding from HSBC's international SME fund will help the company further extend its reach.

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