Petflation 2023 – February Update: Price increase grows to +10.9% vs 2022
Overall, Inflation is slowing… but not in the Pet Industry!
Over 45 years in Consumer Products including 31+ years in the Pet Industry developing and executing successful strategic sales and marketing plans for manufacturers.
Overall, Inflation is slowing… but not in the Pet Industry!
Total Pet Spending is a sum of the segments. Compare their demographic performance side by side to find the similarities and differences.
If you do nothing else at GPE 23, you can spend 1 minute and 18 seconds with each exhibitor. You definitely need a plan!
Sales continue to grow vs 1 year ago. However, the amount of product sold for the Relative Retail Group has now been less for 11 straight months.
With GPE 2023, Pet Trade Shows are finally returning to “normal”!
Petflation slowed slightly from December but remains at a record rate!
A record increase as Pet Health continues as the top priority. Veterinary $ are now up $10.9B from 2019!
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!