A record rebound from the Pandemic that was widespread – 90% of 96 demographic segments spent more!
A record increase, actually larger than Supplies’ annual spending for all years prior to 2003!
Yes, Consumers spent more at Retail in 2022 than in 2021 but they bought less – Inflation!
Pet Food has the highest rate but all other segments and Total Pet set annual inflation records!
No Binge in 2021 so $pending was down $2.44B, but 65% of demographic segments spent more on Food.
A record $16.23B increase but not without turmoil!
Sales are up again but the amount sold YTD vs 2021 continues to be down for most channels!
As the National inflation rate slows, Petflation continues to increase!
Gen X was the best performer in every Pet Industry segment. They earned the top spot in Pet Spending!
Record increases from all segments but food produced a record $16.23B increase in Total Pet, which was demographically widespread.