Pet meals gross sales and development tendencies
November 1, 2022 – David Sprinkle
U.S. retail gross sales of canine and cat meals approached US$40 billion in 2021, up 15% over 2020, as reported in Packaged Info’ just-released “Pet Meals within the U.S.” (September 2022). Over the 2017–2021 interval, canine and cat meals garnered a compound annual development charge (CAGR) of 11%. Current inflationary costs for pet meals solely partially spurred that development. Double-digit gross sales development within the pet meals market — giant and ostensibly mature as it might be — is pushed by ongoing product premiumization, and particularly “superpremiumization.” The query then turns into: What’s at present placing the “tremendous” in pet meals?
Mars provides to giant pet meals portfolio with Champion deal
November 2, 2022 – Debbie Phillips-Donaldson
The announcement on November 1, 2022, that Mars Petcare is buying Champion Petfoods was vital, although definitely not stunning. Going again almost 4 years, to July 2018, media such because the Wall Road Journal reported Champion being on the market, with Nestle Purina PetCare about to buy the Canadian-based maker of premium Acana and Orijen manufacturers.
High 2023 human meals tendencies: Worth is vital for pet meals, too
November 10, 2022 – Debbie Phillips-Donaldson
The pet meals market has been famously and fortuitously resilient, experiencing ongoing development within the face of recessions, a pandemic and inflation, to call a number of of the main challenges the world has undergone prior to now 15 years. But that doesn’t imply shoppers, together with pet homeowners, can and can proceed to help the business on the identical stage indefinitely.
Pet meals inflation nonetheless going up, producer costs steady
November 21, 2022 – Debbie Phillips-Donaldson
General, human meals (meals at residence) inflation within the U.S. settled at 12.4%, however that’s not as dangerous as pet meals, which reached a brand new excessive of 15% YOY inflation in October, in line with information from the Bureau of Labor Statistics (BLS), compiled and analyzed by John Gibbons on his PetBusinessProfessor.com weblog. That determine represented a 1% rise from September’s 14%, much like the rise in September (up from August’s 13.1%). The excellent news, I suppose—sure, it is a little bit of a attain—is that pet meals inflation has not grown as quickly the previous few months as earlier in 2022.
6 media inquiries to reply throughout a pet meals recall
November 29, 2022 – Debbie Phillips-Donaldson
With one month to go, 2022 has been a comparatively quiet yr for pet meals remembers and litigation. This yr, solely a dozen or so remembers have appeared on Petfood Trade’s web site, most not related to any deaths. Equally, high-profile class motion lawsuits have been unusual. Knock on wooden, proper? Maybe long-standing sanitary measures, FSMA rules and COVID-era biosecurity have mixed to spice up the pet meals business’s deal with security in 2022. However, the perfect time for a pet meals maker to react to a recall, lawsuit or different disaster is when there isn’t one.
