2022 U.S. PET SERVICES SPENDING $12.36B…Up ↑$3.26B
2021 had a record $2.21B increase in spending but the record didn’t last for long. In 2022 the $ were up $3.26B!
Author Archive for: johngibbons
Entries by John Gibbons
Retail Channel Monthly $ Update – August Final & September Advance
As usual, sales were down from August. Inflation is slowing for most channels but so are sales increases. Overall, the situation is a little better but the results are mixed at the channel level.
Petflation 2023 – September Update: Drops again to +5.7% vs 2022
In September, Petflation slowed to +5.7% vs 2022 but it is still 1.5 tiimes the national rate!
2022 U.S. PET SUPPLIES SPENDING $21.94B…Down ↓$1.86B
The 2021 binge buy was not repeated so the $ fell 7.8%, but 52% of 96 demographic segments still spent more.
2022 U.S. PET FOOD SPENDING $38.69B…Up ↑$4.29B
Pet Food spending increased 12.5% in 2022, but 82% of the lift came from higher prices!
Retail Channel Monthly $ Update – July Final & August Advance
“Real” sales for Relevant Retail have now been positive for 3 of the last 4 months!
Petflation 2023 – August Update: Drops 24% to +6.6% vs 2022
Petflation slowed from 8.7% in July to 6.6% in August but is still 1.8 times the National CPI of 3.7%.
2022 Top 100 U.S. Retailers – Sales: $2.85 Trillion, Up 6.8% 165,205 Stores with Pet Products……plus the Internet!
In 2022, the Top 100 Retailers generated 35% of Total Retail $, 58% of Relevant Retail $ and 75% of Pet Products $.
Retail Channel Monthly $ Update – June Final & July Advance
Relevant Retail $ were up vs 2022 – both actual & “real”, but over 80% of the $ales lift came from NonStore Retailers.
Petflation 2023 – July Update: Slows again, but still +8.7% vs 2022
Petflation slowed again but is still 2.7 times the national rate!