Jun 6, 2012
By Debbie Phillips-Donaldson
Despite petfood recalls in the US, problems with chicken jerky treats from China and the still-stumbling economy -- especially in Europe -- the global petfood industry seems to keep humming along. For example, a new report from Research and Markets shows the nearly 200 US-based petfood manufacturers (including huge multinationals like Mars and Nestle Purina) earn a total annual revenue of about US$47 billion.
Even in Western Europe, with its reeling economies, petfood sales are increasing. "No crisis in the Italian pet supplies industry" proclaims a headline in online magazine Vimax.com, citing data from the 2012 ASSALCO-Zoomark report showing sales of dog and cat food grew 2.1% in 2011 and reached 1.604 million Euro (US$2.015 million), including snacks and treats. (ASSALCO is the Italian pet trade association.)
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