Market Trends and Reports: Page 6

East Asia

Singapore’s imports of US pet foods up 17% in 2022

U.S. pet food brands have s 23% market share in Singapore, second only to Thailand.

Brand Insights

Solving Separation and Segregation Issues in Pet Food Blends

Horizon Systems

Industry trends of using finer ingredients like starches, fillers and flow agents — also regrind and recycle materials — in greater percentages can result in ingredient separation and segregation, affecting your final product.

East Asia

South Korean pet food imports grew US$108M from 2018-22

China ranks as South Korea’s top pet food supplier with a 30% market share.

Adventures in Pet Food

The state of pet food innovation in early 2024

Pet food innovation doesn’t always mean new products; sometimes it’s new delivery services, new market players and new research on existing ingredients.

Pet Ownership Statistics

5 emerging markets for cat food; China, Brazil, Mexico top

The popularity of cats seems to be growing globally.

Adventures in Pet Food

U.S. private label pet food sales: Still small but soaring

Though the U.S. has long lagged behind Europe in private label pet food sales and market share, those sales continue to grow amid ongoing pet food inflation.

Market Trends and Reports

BRF pet food grew 1.8% in Q4 2023, superpremium brands led

Superpremium brands Biofresh and Guabi Natural expanded their share of pet sales in 2023 compared to the previous year.

Market Trends and Reports

J.M. Smucker pet food sales down 40% in Q1 FY24

If one excludes net sales in the prior year related to the pet food brands the company sold, net sales actually increased.

Market Trends and Reports

New facility boosting Hill’s Pet Nutrition wet pet food innovation

The Tonganoxie plant opened in 2023. The facility increased the company's production capacity and provided a runway for the expansion of Hill's Science Diet and Prescription Diet brands.

Pet Food Market

Blue Buffalo to build warehouse in Kansas, create 103 jobs

General Mills’ pet division had an annual revenue of US$2,300,000,000 in 2022.

Market Trends and Reports

Blue Buffalo volume sales resumed growth in early 2024

This growth in Blue Buffalo’s Life Protection recipe may be part of a larger wave of growth for General Mills’ pet foods, now that some supply chain challenges have receded.

Market Trends and Reports

Purina PetCare sales hit US$21.47 billion in 2023

By product category, Purina PetCare was the largest contributor to Nestle’s organic growth, with strong momentum across all channels.

Market Trends and Reports

2 brands led J.M. Smucker pet division to US$1.5 billion in FY23

The company plans to continue developing the Milk-Bone brand while latching on to the pet product humanization trend by including Jiff peanut butter in a dog treat to be released later this year.

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