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Market Trends and Reports: Page 334
Market Trends and Reports
Something to Chew On: Petfood's launch party
A trip to Global Pet Expo in Orlando, Florida, USA, in late March provided tangible proof that the pet industry has weathered the recession well and is set for a strong year. There were definitely more people-pet retail store buyers, exhibiting pet product manufacturers and others-than at least year's event, and a palpable buzz filled the aisles and air.
Market Trends and Reports
Petfood takes a vacation
As the winter months start to fade to memory and the warmer months of summer approach, many pet owners, like many people the world over, will be looking forward to a weekend getaway, a relaxing trip to a tropical destination or lazy days of lounging on the beach. What makes pet owners' vacation plans different?
Market Trends and Reports
Something to Chew On: Bright days ahead-with a few clouds
"On solid ground." That's how Packaged Facts describes the US pet industry in its new report, US Pet Market Outlook 2010-2011: Tapping into Post-Recession Pet Parent Spending. It shows the pet care market grew last year despite the awful economy, and most signs point to continued growth for the next year and beyond.
Market Trends and Reports
Something to Chew On: If you can't beat 'em …
According to recent reports from the American Pet Products Association and Packaged Facts, the US pet industry stared down the recession and won, gaining 5% last year to a total of US$53 billion. The US petfood category also grew 5%, to US$17.56 billion.
Market Trends and Reports
Something to Chew On: What will consumers do now?
"No more fear." While that may sound like a marketing slogan or rock band (in fact, it is the latter), Mintel sees it as an overall theme for how consumers will behave this year. "While in 2009, fear played an important role in shaping consumer behavior, 2010 will see a return of confidence and adaptation," says Richard Cope, Mintel director.
Market Trends and Reports
Something to Chew On: Innovation still drives success
Business and marketing experts have always known the way to continued growth and success is through innovation. In no industry is that more true than petfood.
Market Trends and Reports
High-involvement petfoods and feeding plans
Commercial petfood makers are creating mixers and diets that require consumers to get involved with preparation
Market Trends and Reports
Import and export trends
US trade data show petfood faring relatively well
Market Trends and Reports
Cat cruelty causing outcry in China
About 40 cat lovers protested the offering of felines on restaurant menus outside the Guangdong government office in Beijing, according to an AP story by William Foreman.
Market Trends and Reports
The Top 10
Why these companies lead the global petfood industry in sales, growth and innovation
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