“Petflation” 2021 – A Closer Look at the CPIs for the Pet Industry
Overall, Pet Prices inflated in 2021, but at a slower rate than the overall market.
Author Archive for: johngibbons
Entries by John Gibbons
2020 U.S. Pet Spending by Generation – Boomers’ Spending Surges
Baby Boomers’ emotional commitment to their Pet “children” produced a huge lift in spending!
Retail Channel Monthly $ Update – November Final & December Advance
Record sales in December wrap up a record breaking year!
PET STORES – CHAINS vs INDIES
The “big guys” rule the Pet Store Channel but small chains can also be a powerful force in local markets!
Retail Channel Monthly $ Update – October Final & November Advance
November sets all time sales records for both Total Retail and the Relevant Retail Group!
2020 U.S. TOTAL PET SPENDING $83.74B…Up ↑$5.31B
Pet Parents focused on needed segments – Food & Veterinary. Discretionary segments suffered but overall pet spending increased by more than $5B!
2020 U.S. VETERINARY SERVICES SPENDING $24.85B…UP ↑$3.05B
Strong inflation but even stronger spending….74% of the growth was “real”!
Retail Channel Monthly $ Update – September Final & October Advance
Retail Sales growth was strong and widespread in October . In fact, the Relevant Retail Group had their 2nd biggest month in history!
2020 U.S. PET SERVICES SPENDING $6.89B…Down ↓$1.73B
As expected, the Pandemic had the biggest negative impact on this most discretionary segment of the Pet Industry.
2020 U.S. PET SUPPLIES SPENDING $15.16B…DOWN ↓$1.65B
Supplies Spending has now declined for 24 months and 2020 $ fell below the level in 2016.