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HomeDog FoodInflation pushes US pet meals gross sales to US$77.5B in 2022

Inflation pushes US pet meals gross sales to US$77.5B in 2022



In the US, pet meals gross sales worth grew to US$77.5 billion in 2022 in comparison with 2021, regardless of comparatively gradual quantity development. To succeed in that determine, U.S. pet meals gross sales grew at 13.4% final 12 months, however the fee differed by channel. E-commerce pet meals gross sales made up 38% of gross sales whereas rising 18.8% in comparison with 2021. Brick-and-mortar retail gross sales nonetheless made up the vast majority of the pet meals market at 62%, however grew at 10.2%.

“Almost all classes are rising on-line quicker than they’re in retailer,” Andrea Binder, consumer director of the retail pet channel for NielsenIQ, stated throughout her presentation at World Pet Expo on March 22 in Orlando, Florida, USA.

Though pet meals and deal with gross sales have grown in worth on-line and in shops, gross sales didn’t develop as a lot by quantity in 2022.

“Items bought just a little bit totally different story,” she stated “We began to see models decline roughly 5, six or 10% throughout the channels in this fall. So, actually all of that greenback development is being pushed by inflationary strain.”

Adjustments to pet meals spending patterns in 2022

As inflation made pet meals and treats dearer, pet homeowners altered their buying habits.

“We have been getting a lot of questions round how the patron is buying and selling throughout the classes with that inflationary strain,” Binder stated. “Let’s begin with dry pet food. We see a little bit of a decline in premium dry pet food and actually a development in non-public label. Clients are nonetheless wanting probably for these attributes, comparable to wholesome substances that you’d get with a premium canine dry pet food, however possibly a extra worth possibility like a non-public label providing in that house. Moist pet food tells a barely totally different story. We nonetheless see declines in premium and a development in non-public label, but it surely is perhaps extra of a continuum there. We see a decline in premium, however then a development within the center tier, after which a decline in value-priced and development in non-public label. The patron could also be buying and selling down a bit extra inside the moist pet food house. Dry cat meals has just a little bit totally different story as effectively. There’s not a complete lot of motion inside this house, just a little bit up in non-public label and just a little bit down in worth. It might be there’s just a little little bit of a commerce from a worth to a non-public label possibility. However not a whole lot of motion out of the premium house.”

A few of these adjustments could also be attributable to produce chain points together with inflation, she stated.

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