Value becoming focus of pet industry as inflation bites, says market study

If you thought only pet owners in India were struggling to cope with constantly rising costs of pet food, care products, and services, think again. A survey report in the USA suggests the pet industry in the USA, currently the world’s largest, is at an inflection point due to macroeconomic and industry-specific factors, and providing value to pet owners has come to the fore as a competitive strategy. Packaged Facts, based in Rockville, Maryland, provides...

Record-breaking attendance at Global Pet Expo 2024

The 20th Global Pet Expo, held in Orlando, Florida, on March 20-22, was the biggest edition yet of the pet industry’s premier event, with nearly 20,000 attendees from over 85 countries and over 1,100 companies booking 343,500 net sq ft of exhibition space, the organizers said in a press release. The event is hosted annually by the American Pet Products Association and the Pet Industry Distributors Association at the Orange County Convention Center. Global Pet...

Global pet care market seen crossing $400 billion by 2028

The global pet care market is expected to cross U.S. $400 billion in value by 2028 from U.S. $295 billion in 2022, growing at a compounded annual growth rate of 5.22%, according to an outlook and forecast report for 2023-28 released on ResearchAndMarkets.com. A press release from Research And Markets said that while the global pet care market is highly fragmented with multiple players across various segments, it continues to be dominated by international players...