#pet food and supplies

[tritonmarketresearch]

Trends to Leverage in the Global Pet Food Market 2023

Pet animal adoption has escalated majorly post 2020, mainly as a result of COVID-19-induced loneliness. Statistics suggest that 85 million families across the world own some kind of pet. This has consequently increased the sales of food products for these companion animals, which is expected to propel the global pet food market at a CAGR of 7.91% in the forecast period 2023-2030.

An interesting trend driving this growth is that of pet humanization, as owners are increasingly treating their pets like family members. And thus, pet care trends now mirror human trends, especially the soaring demand for high-quality food. Also, due to heightened awareness of their pets’ nutritional needs, owners are willing to spend more on health-focused and premium quality food products.

Premiumization Trend underpins Growth Prospects

As the pet humanization trend gathers momentum and disposable income rises, owners are more likely to splurge on luxurious products for their pets. According to FEDIAF, Europeans spent over $20.3 billion on pet food, supplies, and services in 2021, which is reflective of the increasing pet ownership in the region. Increased spending by buyers is expected to drive the Europe pet food market at a CAGR of 7.41% over the forecast period.

Premium pet food is sourced from superior quality ingredients, and has high protein content to cater to the taste buds and health needs of carnivores like cats and dogs. To cater to its growing demand, manufacturers are coming up with innovative products that are free of antibiotics, synthetic hormones, artificial colors & flavors, preservatives, etc.

Japan-based Inaba Foods Co Ltd is one such market player, which has gained prominence as one of the leading brands offering premium dry and wet cat food. Furthermore, several manufacturers have expanded their premium product portfolio with distinct offerings for various breeds, kittens, puppies, and lactating mothers. Organic and vegan pet foods, as well as gourmet and artisanal pet foods, have also emerged as favorites, in line with the premiumization trend.

Physical v/s Digital Stores: How are Distributors Competing for Buyer Attention?

While e-commerce sites have always been a reliable purchasing medium, the pandemic brought about a paradigm shift in the way people shop. Due to the easy availability of pet food online, the e-commerce distribution channel is anticipated to witness the fastest CAGR of 8.89% during 2023-2030.

In addition to convenience and comfort, online shopping allows buyers to thoroughly research products and compare costs & benefits before making a purchase. With the help of established e-com platforms like Amazon and Chewy, several pet food providers have been able to increase the sales and subscriptions for their products.

However, this has placed a degree of pressure on physical pet food outlets, such as supermarkets and specialty stores, thus pushing them to innovate. In June 2021, Australian retail giant Coles rolled out a “self-serve doggy treat bar” at its physical stores, in a bid to attract customers in light of the growing online competition.

The humanization and premiumization trends are encouraging pet owners to turn to retail stores, especially pet superstores, as they offer specialized care and products that meet increasingly segmented, high-end demand. Store-based distribution channels dominate the market, with the highest revenue of $94947.82 million in 2022.

Countering Challenges with Targeted Solutions

Based on a 2018-2019 study by the American Pet Products Association, an estimated 56 million cats and 50 million dogs are overweight. The alarming statistics are a result of factors like overindulgence of certain foods and treats; sedentary lifestyles of owners and their pets; inappropriate nutritional advice from veterinarians; and a failure to acknowledge the seriousness of even slightly extra body fat.

However, the lack of transparency on nutritional labels of products is also a major contributor to the growing obesity epidemic, which can cause several chronic illnesses. In this regard, therapeutic diets and nutritional supplements are recommended, as their intake ensures adequate nutrient balance for optimum health of pet animals. Supplements containing vitamins, probiotics, fish oil, and even CBD, are becoming increasingly popular, which is contributing to the global animal nutrition market growth.

Call to Sustainability – Manufacturers Aim to Lower their Carbon Pawprint

Humanization has enabled pet owners to have a more hands-on approach towards their fur babies, which has resulted in them becoming more conscious of their purchase decisions. This has enlarged the spotlight on sustainability and compelled market players to rethink all aspects of their offerings, from ingredient sourcing to manufacturing to packaging.

Sustainable packaging is particularly witnessing high demand. And realizing its growth potential, several players in the global pet food packaging market have started offering sustainable solutions. For example, in November 2020, US-based pet food giant, Mars Petcare Ltd, announced its decision to incorporate recycled polypropylene plastic for packaging some of its popular products.

Premium brands stand to largely benefit from the rising ethical consciousness and sustainability demands of pet parents. As the trends of pet humanization and premiumization evolve further in the years to come, the companies that stay informed and adapt to these changes will shape the outlook of the pet food market.

[batwynn]

Sometimes a business quietly stop supporting queer people, diversity, and the environment and that sucks, obviously. But sometimes they make an entire press statement and say how they’re embracing the bigot money with their whole chest:

Link to the press statement.

So, yeah. Fuck them. Bigot bucks only go so far, and they aren’t about to buy out your fucking shit dog food because you yee-hawed their hatred. Hope your business fails.

Alt text below:

Text:

STATEMENT

ISc

TRACTOR*

SUPPLY CO

June 27, 2024

For more than 85 years, Tractor Supply has been focused on one thing... serving Life Out Hero. Every day our 50,000 Team Members take eare of our eustomers like family. We deeply value our relationship with our customers and the communities we call home.

We are passionate about being good neighbors in our hometowns because without you, we would not be what we are. It is imperative to us that our customers hard-cared dollars are taking care of our Team Members and the communities we all love. As you supported us, we have invested millions of dollars in veteran causes. emergency response, animal shelters, state fairs, rodeos and farmers markets. We have also invested in the future of rural America. We are the largest supporter of FEA and have longstanding relationships with 4-H and other educational organizations.

We work hard to live up to our Mission and Values every day and represent the values of the communities and customers we serve. We have heard from customers that we have disappointed them. We have taken this feedback to heart.

Going forward, we will ensure our activities and giving tie diroctly to our business. For instance, this means we will:

1. No longer submit data to the Human Rights Campaign

3. Rether ou Team Were En pronie Growline enterie, netok ing and supering the austeing a good neighbor and stop sponsoring nonbusines

activities like pride festivals and voting campaigns

3. Whire u cre martin grand Del eat it i enterie rain cornet

We will continue to listen to our customers and Team Members. Your trust and confidence in us are of the utmost importance, and we don't take that lightly.

As we look forward to celebrating our nation's independence, we also celebrate our more than 50,000 team members across 2,250 stores. Rural communities are the backbone of our nation and what make America great. We are honored to be a part of them.

We are always here and ready to serve you and your family with our legendary service for the life you love. See you in the stores.

[littlealienproducts]

Handmade Bunny Treats and Toys by BinkyBakeShop

[happycrabitat]

Bark & lichen snackies

[irl]

if u evr suggest 2 me 2 feed my cat royal canin or science diet, i will tke tht as a dangerous personal attack n i will treat it as such

[meownotgood]

aki would give your cat kisses and cuddles. y'all could cuddle her together

pls you'll make me tear up. aki would be so sweet to peaches and just imagining him petting her or baby talking her or holding her... I WILL LITERALLY CRY SHE'S LIKE MY DAUGHTER.......

honestly peaches is a bit shy, she only cuddles with me and stays upstairs if someone is over. but aki will win her trust so easily with pets and snacks... lol

[bevanne46]

This season, get into the giving spirit by helping your local animal shelter. They are the generous and kind humans dedicating themselves to the care of animals in need. Here’s how you can help the mission.

#NationalAnimalShelterAppreciationWeek

[sprinklethecat]

Can anyone spare some money for cat food?

We adopted a cat to try and help with my partner's mental health, but it turns out she was pregnant. We've got plenty of kibble and food for mama and also Sprinkle is fine on food, but we're going to run out of canned food for the kittens after Christmas. :(

I set up an Amazon wishlist, but also can order from chewy. I need $50 to get free shipping from chewy and can use a gift card to get things.

If you can get the gift card, my email is logicalmoose@gmail.com

The wish list is here.

Please reblog if you can't help! It'd be appreciated. 🥺🥹

I'll share some pictures of the little ones soon!

[petnews2day]

Rescue aims to find senior dogs homes with help from dog food brand

New Post has been published on https://petn.ws/zAIst

Rescue aims to find senior dogs homes with help from dog food brand

Some say old dogs can’t learn new tricks, but can they find their forever home? Well, Hill’s Pet Nutrition is trying to help do just that by offering a year of free food to the families who adopt two senior dogs. The pet food brand teamed up with Vanderpump Dogs, a rescue organization in Los […]

See full article at https://petn.ws/zAIst #DogNews #Trending, #Animal, #AnimalRescues, #AnimalWelfare, #Care, #Central, #CentralRegion, #Charity, #CharityU0026Philanthropy, #Chris, #ChrisPratt, #Dogs, #East, #EastRegion, #Food, #Garfield, #Live, #NetworkTrending, #Network, #Neutral, #Night, #Overall, #OverallNeutral, #OverallPositive, #Pet, #PetFoodU0026PetCareSupplies, #Philanthropy, #Positive, #Pratt, #Region, #Rescues, #Saturday, #SaturdayNightLive, #Supplies, #U0026, #Welfare, #West, #WestRegion

[libraryofva]

Recent Acquisition - Ephemera Collection

Our business is feeding the dogs! Make them happy and healthy by feeding DOGGIE DINNER (Contains No Horse Meat). Simpson Products Co. ... Represented by H.C. Kersten Company, 10th & Byrd Street, Richmond, VA. Advertising blotter

[clubsilenzio]

when you’re literally the family dog. there is no dog, but there is one.

[tritonmarketresearch]

Increased Spending on Premium Products to Drive Global Pet Food Market

Triton Market Research presents the ‘Global Pet Food Market’ report sectioned by Animal Type (Cats {Wet Cat Food, Dry Cat Food, Treats & Mixes for Cats}, Dogs {Wet Dog Food, Dry Dog Food, Treats & Mixes for Dogs}, Other Animal Types), by Food Type (Wet Food, Dry Food, Other Food Types), by Distribution Channel (Store-based, Veterinary, E-commerce, Other Distribution Channels), and by Regional Outlook (Europe, Middle East and Africa, Latin America, Asia-Pacific, North America).

The report further discusses the Market Summary, Industry Outlook (Impact Analysis, Porter’s Five Forces Analysis, Market Maturity Analysis, Industry Components, Regulatory Framework, Key Buying Impact Analysis, Key Market Strategies, Drivers, Challenges, Opportunities, Analyst Perspective), Competitive Landscape, Research Methodology & Scope, Global Market Size, Forecasts & Analysis (2023-2030).

Triton Market Research’s report implies that the global pet food market will grow with a CAGR of 7.91% in the forecast years between 2023 and 2030.

Request Free Sample Report:

https://www.tritonmarketresearch.com/reports/pet-food-market#request-free-sample

 The expansion of the pet food market is largely driven by the rising number of D2C pet brands & start-ups, as well as owners’ willingness to pay for premium pet food products. The rise in people’s disposable income has enabled them to splurge on premium food. This is also supported by the fact that many owners do not consider spending on pets as a luxury expense and consider them as part of their family.

Also, with the growing awareness, pet owners are finally beginning to understand how their pets’ dietary habits affect their health. Many a time, the nutrition information provided by pet food manufacturers on their product labels may be deceptive. Besides, several pet foods available in the market today contain substances like carbs, sugar, and yeast, which can cause weight gain. Factors such as these affect the pet food market’s growth prospects.

The market in the Asia-Pacific is estimated to grow at the fastest rate globally, over the forecasted period. The regional market is expected to witness strong growth, benefiting from the rise in the pet population and consumers’ increasing focus on pet welfare.

Leading names operating in the pet food market include Nestle Purina Petcare, Diamond Pet Foods, Blue Buffalo Pet Products Inc, Hill’s Pet Nutrition Inc, Champion Petfoods LP, Farmina Pet Foods, Unicharm Corporation, Mars Petcare Ltd, Inaba Foods Co Ltd, and Wellness Pet Company.

The level of industry rivalry is high in the studied market. Established players, such as Nestle Purina Petcare, Mars Petcare Ltd, and Hill’s Pet Nutrition Inc, account for the lion’s share of the market. However, competitors have an advantage due to pricing and novel ingredients. These leading companies have expanded their product lines and increased their emphasis on R&D, which has helped them strengthen their market position. Moreover, several market giants have specialized and improved the scope of their product ranges by acquiring businesses already existing in these areas.

 Contact Us:

sales@tritonmarketresearch.com

Phone: +44 7441 911839

[butts-bouncing-on-the-beltway]

Getting ever closer to radicalisation by trying to buy my cats a bed and realizing it would cost me nearly a hundred dollars to buy anything passing a decent standard of durability when I could just build a bed myself out of a wooden crate and some old pillows and fabric for $20 or less and my cats would be perfectly fucking happy

[littlealienproducts]

If your guinea pig could make a wishlist - it would include these goodies!

Nature's Bites Variety Pack - Fruit and Vegetable Mix for Small Pets

Timothy Hay

Very Berry Butterflies Hay Cookies

Sea Grass Enrichment Mat

Wooden Castle

Foraging Toy

Wooden Hay Corner Hidey

[happycrabitat]

A peek into our hermit crab kitchen!

happycrabitat.etsy.com

[mabelsguidetolife]

im sooooo lucky my dog likes cats and respects boundaries because this whole thing would be much harder