News | US Pet Market Outlook


Growing pet food segment in times of Corona?

In its recently published U.S. Pet Market Outlook 2020-2021, the market research company Packaged Facts forecasts a 17 per cent decline in total U.S. retail sales of pet products and services for the current year.

However, the overall loss will be somewhat mitigated by growth in the pet food and cat litter segments. Packaged Facts forecasts growth of four per cent for the pet food segment.

The forecast means an overall decline from 95 bn dollars in 2019 to 78.5 bn dollars in the current year. However, Packaged Facts expects a significant, albeit partial, recovery next year.

Sales of non-medical services for pets are expected to decline the most, namely by 47 per cent. The veterinary and non-food sectors of the pet industry are also likely to see a decline in sales, Packaged Facts continues.

Packaged Facts predicts that online trade in pet products will account for 24 per cent of total sales this year and an increase to 26.5 per cent by 2024.

| 2 April 2020 | 11:28


Post a comment

* Please complete the areas marked in red correctly and in full!.

(will not be published)

* obligatory fields

Latest news

Interzoo and Zoomark change trade fair dates

The organisers of Interzoo and Zoomark International, WZF and BolognaFiere, have once again postponed their trade fair dates due to the ongoing View news...

Ferplast acquires Marchioro

Ferplast acquired its former competitor Marchioro from the Marp Group at the end of 2020. With the purchase, Ferplast also acquired the plant, View news...

Das Futterhaus: growth exceeds expectations

In 2020, German speciality retail group Das Futterhaus experienced its biggest sales growth in recent years, with an increase of 12.7 per cent. The View news...

Investment deal in the UK

The UK pet food manufacturer Pooch & Mutt has received strategic investment from its long-time manufacturing partner, the Vafo Group, in a View news...

PET worldwide currend issue

Our service during the Coronavirus crisis

Whether in your home office or at work - during the Coronavirus crisis, the current issue of PET worldwide is available here free of charge for use on PCs and mobile devices.

To the e-magazine

Products and concepts for the pet industry

The coronavirus crisis is not the end. What the leading companies offer for the next few month.

Take a look

PET retailers from D, A, CH

Update now!

PET Handel
The unique work on the German retail pet shops. Essential information for successful marketing, sales and field service activities. Loose-leaf collection incl. folders and database CD.
Order now


Get the latest news about the PET industry weekly per email.

Just register