Recent Posts
- Petflation 2024 – December Update: Drops to +2.0% vs 2023 January 20, 2025
- 2023 Pet Food Spending was $45.50B – Where did it come from…? January 13, 2025
- 2023 Pet Products Spending was $68.52B – Where did it come from…? January 6, 2025
- Retail Channel $ Update – October Monthly & November Advance December 23, 2024
- Petflation 2024 – November Update: Jumps Up to +2.9% vs 2023 December 16, 2024
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Petflation 2024 – December Update: Drops to +2.0% vs 2023
/in Pet Market Segments/by John GibbonsPetflation fell to 2.0% in December and finished 2024 at 2.6%, 17% below the 1997>2023 average!
2023 Pet Food Spending was $45.50B – Where did it come from…?
/in Pet Market Segments/by John GibbonsThe lift was a record $6.81B and +17.6% was triple the average 1984>2022 increase!
2023 Pet Products Spending was $68.52B – Where did it come from…?
/in Pet Market Segments/by John GibbonsDriven by a record lift in Food, Pet Products had the 2nd largest spending increase in history!
Retail Channel $ Update – October Monthly & November Advance
/in Pet Market Distribution Channels/by John GibbonsNovember was the 2nd largest Retail $ month in history but the YOY lifts slowed from October.
Petflation 2024 – November Update: Jumps Up to +2.9% vs 2023
/in Pet Market Segments/by John GibbonsPetflation jumped from 2.0% to 2.9% as the recovery paused again.
2023 Total Pet Spending was $117.60B – Where did it come from…?
/in Pet Market Segments/by John GibbonsAll Industry segments had increases, driven by spending lifts by 91% of all Demogaphics!
2023 U.S. Pet Spending by Generation – Boomers Back on Top!
/in Pet Market Segments/by John GibbonsMillennials have the biggest lift but Boomers move back to the top in Total Pet $.
Retail Channel $ Update – September Monthly & October Advance
/in Pet Market Distribution Channels/by John GibbonsSales were up for all from September and Relevant Retail’s YOY lift was 21% more than average!
Petflation 2024 – October Update: Slows to +2.0% vs 2023
/in Pet Market Segments/by John GibbonsNationally the CPI rose to 2.6% from 2.4% while Petflation slowed to 2.0% from 2.1%. Similar patterns produced different results.
2023 U.S. TOTAL PET SPENDING $117.60B…Up ↑$14.89B
/in Pet Market Segments/by John GibbonsAll segments grew producing the 3rd biggest lift in history. Widespread demographic growth, but income continues to grow in importance.