How M&A is shaping the pet meals market in 2023
Debbie Phillips-Donaldson – Could 1, 2023
As with most years, 2023 is seeing its fair proportion of pet meals mergers & acquisitions (M&A) however offers up to now have additionally included a number of important divestitures. Arguably probably the most noteworthy has been J.M. Smucker’s announcement that it’s promoting most of its pet meals and deal with manufacturers, together with iconic names like 9Lives, Kibbles n’ Bits and Gravy Practice. The corporate is holding solely two high-performing manufacturers, Milk-Bone and Meow Combine, plus its personal label pet meals enterprise.
Inflation drives pet meals greenback progress
David Sprinkle – Could 1, 2023
U.S. retail gross sales of pet meals rose 16% in 2020, 14% in 2021 and 12% in 2022. For a mature class approaching US$60 billion in annual gross sales, three years of progress within the double digits would possibly appear to be trigger for celebration, however the numbers are deceiving. Throughout 2022, virtually all of the greenback progress stemmed from worth inflation, with the pet meals shopper worth index growing 10% yr over yr, in contrast with nearly no enhance in 2020 and a lower than 1% enhance in 2021.
Good and unhealthy information: US pet meals inflation stays regular
Debbie Phillips-Donaldson – Could 19, 2023
U.S. retail worth knowledge for April 2023 confirmed pet meals costs had been 14.6% greater yr over yr (YOY) in comparison with April 2022. This represented only a slight enhance over March 2023’s 14.4% pet meals inflation but was nonetheless almost 3 times the U.S. nationwide inflation fee—as proven by the patron worth index (CPI)—of 4.9% YOY. So the pet meals determine is undoubtedly a excellent news/unhealthy information story: good that it appears to have steadied however unhealthy that it’s nonetheless so painfully excessive.
What’s in a reputation: Can ‘upcycling’ entice pet meals consumers?
Debbie Phillips-Donaldson – Could 25, 2023
As extra shoppers and companies concentrate on sustainability, one of many areas beginning to acquire extra consideration is meals waste: About 40% of all human meals produced globally is misplaced or goes to waste, in accordance with a report by WWF and Tesco.
Purposeful pet meals drivers: Well being, diet, science
Debbie Phillips-Donaldson – Could 31, 2023
A new examine from Kerry exhibits half of North American pet homeowners surveyed are keen to pay extra for pet meals with useful advantages, with the important thing to their willingness mendacity in a eager curiosity in well being and diet. Whereas that is nothing new for the pet meals market, it reinforces the continuing energy of the well being and wellness pattern and corroborates different survey findings, together with ones revealing a rising desire for science-backed elements and claims.
