Petflation 2023 – September Update: Drops again to +5.7% vs 2022

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In September, Petflation slowed to +5.7% vs 2022 but it is still 1.5 tiimes the national rate!

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2022 U.S. PET SUPPLIES SPENDING $21.94B…Down ↓$1.86B

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The 2021 binge buy was not repeated so the $ fell 7.8%, but 52% of 96 demographic segments still spent more.

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2022 U.S. PET FOOD SPENDING $38.69B…Up ↑$4.29B

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Pet Food spending increased 12.5% in 2022, but 82% of the lift came from higher prices!

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Retail Channel Monthly $ Update – July Final & August Advance

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“Real” sales for Relevant Retail have now been positive for 3 of the last 4 months!

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Petflation 2023 – August Update: Drops 24% to +6.6% vs 2022

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Petflation slowed from 8.7% in July to 6.6% in August but is still 1.8 times the National CPI of 3.7%.

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2022 Top 100 U.S. Retailers – Sales: $2.85 Trillion, Up 6.8% 165,205 Stores with Pet Products……plus the Internet!

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In 2022, the Top 100 Retailers generated 35% of Total Retail $, 58% of Relevant Retail $ and 75% of Pet Products $.

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Retail Channel Monthly $ Update – June Final & July Advance

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Relevant Retail $ were up vs 2022 – both actual & “real”, but over 80% of the $ales lift came from NonStore Retailers.

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U.S. Pet Services Spending (Non-Vet) $10.87B (↑$3.43B): 2022 Mid-Year Update

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This segment is the most driven by high income so high inflation had little impact!

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U.S. PET SUPPLIES SPENDING $24.38B (↑$6.96B): MID-YR 2022 UPDATE

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A $7B increase that slowed in the 1st half of 2022, perhaps due to fast growing inflation!

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