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!
Author Archive for: johngibbons
Entries by John Gibbons
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.
Retail Channel Monthly $ Update – August Final & September Advance
Recovery? Yes! Total Retail & Relevant Retail are growing at record rates since 2019!
2020 U.S. PET FOOD SPENDING $36.84B…Up ↑$5.65B
The Pandemic drove binge buying of Pet Food which produced a record increase in spending!
U.S. CU INCOME AND SPENDING IN 2020
The pandemic focused our attention on the essential needs of the household.
Retail Channel Monthly $ Update – July Final & August Advance
The Recovery remains strong with no noticeable impact from the COVID resurgence!
2020 Top 100 U.S. Retailers – Sales: $2.4 Trillion, Up 8.5% – 152,931 Stores with Pet Products……plus the Internet!
The Top 100 accounts for 60% of U.S. Relevant Retail $, but 80+% of U.S. Pet Products $