2019 U.S. TOTAL PET SPENDING $78.44B…Down ↓$0.16B
A spending mixed bag, but a rebound in Pet Food $ was not enough to overcome a big drop in Supplies $ due to tarifflation.
Over 45 years in Consumer Products including 31+ years in the Pet Industry developing and executing successful strategic sales and marketing plans for manufacturers.
A spending mixed bag, but a rebound in Pet Food $ was not enough to overcome a big drop in Supplies $ due to tarifflation.
Spending was up 2.7%, but inflation was up 4.1%, producing a net 1.4% decrease in the amount of Veterinary Services.
A small drop in $, but Services basically “held their ground” at their new elevated level of spending.
Total Sales peaked in July but the Relevant Retail Group is still gaining ground vs 2019!
In 2019, Tarifflation drove a record decrease in Supplies’ spending…across 97% of U.S. demographics!
The recovery from the FDA grain free warning is under way!
Pet Food begins a recovery but Supplies take a nosedive!
The overall recovery flattens but still strength in relevant retail.
58 Retailers have 145,607 Stores with Pet Products……plus the Internet!
The Pet Industry currently reflects the inequities of U.S. society, especially for Black Americans.