Market Trends and Reports: Page 11

Market Trends and Reports
Growth continues in cat food space, trends evolve
More pet parents are tackling their cats’ specific needs when it comes to nutrition and wellness.
Cat owners are closer than ever to their feline companions, and as a result they’re looking to maximize their animal’s health with the best cat food and treat options out there.
Brand Insights
Pet food ingredient insights for new product development
WATT Global Media
Explore sustainable and healthy ingredients that keep your formulations profitable. Brand Insights from Petfood Industry.
Pet food ingredient insights for new product development
Market Trends and Reports
Central Garden and Pet acquired pet treat maker TDBBS
The addition of TDBBS will expand Central’s portfolio with bully and collagen sticks, bones and jerky, and further strengthen Central’s e-commerce and digital capabilities.
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Adventures in Pet Food
Human food, pet food ingredients coming full circle?
Human food and pet food have gone through cycles emphasizing avoidance of certain ingredients, yet the focus now seems more on functional ingredients.
Soybeans and meals are among the pet food ingredients that have been demonized over time.
Market Report
The prognosis for prescription pet foods
Pet owners continue to shift the channels through which they purchase their pets’ diets.
Veterinary diet purchasing directly through the veterinarian is down, but that doesn’t mean pet owners aren’t spending their money on specialty formulations for their pets.
Market Trends and Reports
Hill’s net sales up 21.5% in Q3 2023, profit at US$201 million
Hill's Pet Nutrition made up 22% of parent company Colgate-Palmolive’s sales in the third quarter of 2023.
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Something to Chew on
Why cats are a growth category for pet food
Rising urbanization is leading to increased cat ownership and, following on, higher cat food sales growth, presenting opportunities for pet food companies.
Higher cat ownership means higher growth rates for cat food and treat sales.
Pet Food News
Pet companies in Ukraine, Spain, Poland announce expansions
Suziria Distribution, Affinity Petcare and Piesotto are expanding pet production and business initiatives.
Suziria Distribution has opened a new pet product warehouse in the Kyiv region of Ukraine.
Adventures in Pet Food
Cats, cat food growing in Asia and around the world
Cats now outnumber dogs in several countries in Asia, following a pattern seen in Europe for some time. More cats lead to higher cat food sales growth.
Pet Fair South East Asia showcased many cat food brands and companies, including Kit Cat International of Singapore.
Market Trends and Reports
US pet food spending at US$58.1B in 2022, forecast up for 2023
The APPA forecast that pet expenditures will reach US$143.6 billion this year, with pet food and treats making up US$62.7 billion of the total.
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Market Trends and Reports
Purina PetCare continues leading growth in Q3 2023
Purina PetCare has been a growth leader for Nestle during the past few years.
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Adventures in Pet Food
Finding pet food innovation and opportunities in new places
Announcements about the use of AI in pet food, new research and ongoing investments in pet care startups may point to a more innovative future for the industry.
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Adventures in Pet Food
Will pet food prices in the US keep falling?
U.S. pet food inflation year over year declined again in September 2023, following a pattern of several months and in line with falling human food prices.
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