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!
Author Archive for: johngibbons
Entries by John Gibbons
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!
U.S. Pet Services Spending (Non-Vet) $10.87B (↑$3.43B): 2022 Mid-Year Update
This segment is the most driven by high income so high inflation had little impact!
U.S. PET SUPPLIES SPENDING $24.38B (↑$6.96B): MID-YR 2022 UPDATE
A $7B increase that slowed in the 1st half of 2022, perhaps due to fast growing inflation!
Retail Channel Monthly $ Update – May Final & June Advance
Monthly Real Sales vs 2022 (Incuding Inflation) are positive again for Relevant Retail. The slow turnaround continues!
Attending SuperZoo 2023? – It is a great Opportunity! But….You Need a Plan!
If you do nothing else at SuperZoo 2023, you can spend 72 seconds with each exhibitor. You need a plan!