Animalscaretips
Typically sold in pet stores and supermarkets, it is usually specific to the type of animal, such as dog food or cat food.
- Where do most people buy their pet food?
- Is pet food regulated in Australia?
- What industry is pet food in?
- Which country spends the most on pets?
- Is the pet food industry profitable?
- Can I sell pet food in Australia?
- What is in dog food in Australia?
- Is pet food regulated in New Zealand?
- How much pet food is sold per year?
- How many brands of pet food are there?
- Who owns the real pet food company?
- Is the pet food industry competitive?
- Is the pet food industry growing?
Where do most people buy their pet food?
Animal lovers' shopping behavior
The most popular shopping locations for pet products are big-box stores, followed by grocery stores and chain pet stores. Those that do prefer online channels, favor them for a number of reasons.
Is pet food regulated in Australia?
Pet food is essentially self-regulated with voluntary industry standards applied through the Pet Food Industry Association of Australia (PFIAA).
What industry is pet food in?
The pet industry comprises live animal purchases, pet food, pet supplies, pet services such as grooming and boarding, and vet care. Pet food and treats were estimated to make up the largest share of the market in the United States in 2021.
Which country spends the most on pets?
According to The Economist and research from GfK (market research company), people in Britain, France and Switzerland spend the most on their pets among European citizens. Additionally, Americans are at the top of the list, where two-thirds of the households own a pet.
Is the pet food industry profitable?
Pet food businesses can be extremely profitable. Businesses that provide organic and gourmet pet foods can see profit margins as high as 40 percent. While the exact profit a business makes depends on how large it grows to be, a successful pet food business could break a six-figure annual profit with margins like these.
Can I sell pet food in Australia?
The PFIAA recommends any business producing pet food is compliant with AS5812 – Manufacture and marketing of pet food. ... The Standard applies to all pet food sold through any sales channel, regardless of whether manufactured in Australia or imported from overseas.
What is in dog food in Australia?
Cat and Dog Food Ingredients
Care is taken to ensure the ingredients are fit for purpose and safe to consume. Pet food ingredients may be sourced from animals and include beef, pork, lamb, chicken and fish or from plant products such as corn, wheat, soy, sorghum, peas, potatoes and barley.
Is pet food regulated in New Zealand?
In the US, pet food is regulated by the Food and Drug Administration (FDA), which also regulates food for humans. Japan, Singapore and New Zealand also have enforceable pet food regulations.
How much pet food is sold per year?
According to Euromonitor International, global pet food sales totaled $93.9 billion in 2019, an increase of 6.5% over 2018. US pet food and treat consumers accounted for 36.5% of that by purchasing $34.3 billion of pet food and treats, of which nearly $6 billion was spent on dog and cat treats and mix-ins.
How many brands of pet food are there?
Pet food and treat options available to US pet owners have exploded in recent years. GfK reports the number of brands has increased 71% since 2011 and now totals 630.
Who owns the real pet food company?
The majority owner of The Real Pet Food Company (TRPC), Quadrant Private Equity, has sold its interests to the Beijing-based Hosen Capital, China's largest agribusiness company New Hope Group and the Singapore Government's investment vehicle, Temasek.
Is the pet food industry competitive?
Competitive Landscape
The global pet food market is consolidated with the top global players occupying a major share in the market. The competition in the market is driven by consumer loyalty.
Is the pet food industry growing?
The global pet food market is expected to grow from $72.07 billion in 2020 to $75.29 billion in 2021 at a compound annual growth rate (CAGR) of 4.5%. ... The market is expected to reach $90.32 billion in 2025 at a CAGR of 5%.
