2022 Pet Food Spending was $38.69B – Where did it come from…?

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Pet Food bounced back as 82% of demographics spent more generating a $4.29B (12.5%) increase and a new record high!

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2022 Pet Products Spending was $60.63B – Where did it come from…?

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A $4.29B lift from Food overcame a $1.86B drop in Supplies as 70% of demographic segments bought more Pet Products.

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Retail Channel Monthly $ Update – October Final & November Advance

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For the 1st time in 2023, the Relevant Retail Group is positive in all measurements vs 2022, 2021 & 2019. GREAT NEWS!

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Petflation 2023 – November Update: Down to +4.3% vs 2022

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In November Petflation slowed from 5.2% to 4.3% but it is still 1.4 times higher than the national rate.

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2022 Total Pet Spending was $102.71B – Where did it come from…?

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Big lifts in Food & Services overcame big drops in Supplies & Veterinary. Overall, spending became a little more balanced.

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2022 U.S. Pet Spending by Generation – Gen X Stays on Top!

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Gen X stays on top but Gen Z “gets in the game” by doubling their spending!

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Retail Channel Monthly $ Update – September Final & October Advance

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Inflation continues to slow and sales grew from September but the lifts vs 2022 were small.

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Petflation 2023 – October Update: Down to +5.2% vs 2022

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Petflation fell from 5.7% to 5.2% but it is still 1.6 times higher than the National CPI rate.

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2022 U.S. TOTAL PET SPENDING $102.71B…Up ↑$2.73B

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A $7.55B increase in Food & Services $ overcame a -$4.82B drop in Supplies & Veterinary so Pet $ grew $2.73B, +2.7%.

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2022 U.S. VETERINARY SERVICES SPENDING $29.71B…Down ↓$2.95B

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A record $7.82B lift in 2021 was followed by a -$2.95B drop in 2022, but spending is still up $4.87B (+19.6%) from 2020.

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