Pet Food Processing - September 2023 - 9

STATE OF THE INDUSTRY
onward and
UPWARD
I
Despite economic challenges, US pet industry sales continue
to increase, predicting profitability for years to come.
By Kimberlie Clyma | kclyma@sosland.com
In 2020, the US pet care industry surpassed the $100
billion sales milestone, and years later has showed no
signs of slowing down. According to the American Pet
Products Association's (APPA) State of the Industry
data, total pet industry sales topped $136.8 billion in
2022, representing an increase of 10.8% from 2021.
Bloomberg Intelligence (BI) predicts that the US pet
market will achieve $195.6 billion in sales by 2030.
" Pet spending in 2022 was up nearly 11% from the
previous year, " said Peter Scott, president and chief executive
officer of APPA, following the release of the 2022
State of the Industry data. " While we outperformed our
2022 forecast, we know this increase can be attributed
in large part to higher than anticipated inflation, and we
expect spending will follow a similar trajectory and remain
steady in 2023. "
Globally, pet food sales are expected to grow to $133.9
billion in 2023, according to year-end estimates by market
research provider Euromonitor International. In
the United States, pet food and treat sales are expected
to reach $53.2 billion by the end of 2023. Dog and cat
food exports increased 20% from $2.05 billion in 2021
to $2.4 billion in 2022, according to the US Department
of Agriculture's Global Agricultural Trade System.
While food and treats still represent the highest spend
66%
of US households own some sort
of pet (65.1 million households have a dog
and 46.5 million households have a cat).
Source: American Pet Products Association
category for pet parents, other pet-related products and
services continue to make the list of necessary expenses.
The APPA's 2022 State of the Industry report showed:
* $58.1 billion was spent on pet food and treats (a
16.2% increase from 2021)
* $35.9 billion was spent on veterinary care and
product sales (a 4.7% increase over 2021)
* $31.5 billion was spent on pet supplies, live animals
and OTC medication (a 5.7% increase from
2021)
* $11.4 billion was spent on other services, including
grooming, dog walking and boarding (a 20%
increase over 2021)
" Overall, we are excited to report all signs continue to
point to the strength of the industry, " Scott said.
According to Chicago-based market research firm
Circana, all pet food formats saw growth between June
2022 and June 2023.
Dry dog and cat food sales both had strong years
with increased growth from prior years. In the 52
weeks ended June 18, 2023, dry dog food sales increased
19.7% (growth between 2021 and 2022
was 12.3%). Dry cat food sales increased 21.8%
after experiencing a 13.2% increase between
2021 and 2022. Nestlé Purina and Mars Petcare
2023
Pet Food Sales
Global
United States
2023 sales*
(in billions)
$133.9
$53.2
Source: Euromonitor International; *2023 estimated year-end sales
Growth %
2018 to 2023
43.9%
37.3%
www.petfoodprocessing.net | September 2023 | PET FOOD PROCESSING 9
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Pet Food Processing - September 2023

Table of Contents for the Digital Edition of Pet Food Processing - September 2023

Pet Food Processing - September 2023 - Intro
Pet Food Processing - September 2023 - 1
Pet Food Processing - September 2023 - 2
Pet Food Processing - September 2023 - 3
Pet Food Processing - September 2023 - 4
Pet Food Processing - September 2023 - 5
Pet Food Processing - September 2023 - 6
Pet Food Processing - September 2023 - 7
Pet Food Processing - September 2023 - 8
Pet Food Processing - September 2023 - 9
Pet Food Processing - September 2023 - 10
Pet Food Processing - September 2023 - 11
Pet Food Processing - September 2023 - 12
Pet Food Processing - September 2023 - 13
Pet Food Processing - September 2023 - 14
Pet Food Processing - September 2023 - 15
Pet Food Processing - September 2023 - 16
Pet Food Processing - September 2023 - 17
Pet Food Processing - September 2023 - 18
Pet Food Processing - September 2023 - 19
Pet Food Processing - September 2023 - 20
Pet Food Processing - September 2023 - 21
Pet Food Processing - September 2023 - 22
Pet Food Processing - September 2023 - 23
Pet Food Processing - September 2023 - 24
Pet Food Processing - September 2023 - 25
Pet Food Processing - September 2023 - 26
Pet Food Processing - September 2023 - 27
Pet Food Processing - September 2023 - 28
Pet Food Processing - September 2023 - 29
Pet Food Processing - September 2023 - 30
Pet Food Processing - September 2023 - 31
Pet Food Processing - September 2023 - 32
Pet Food Processing - September 2023 - 33
Pet Food Processing - September 2023 - 34
Pet Food Processing - September 2023 - 35
Pet Food Processing - September 2023 - 36
Pet Food Processing - September 2023 - 37
Pet Food Processing - September 2023 - 38
Pet Food Processing - September 2023 - 39
Pet Food Processing - September 2023 - 40
Pet Food Processing - September 2023 - 41
Pet Food Processing - September 2023 - 42
Pet Food Processing - September 2023 - 43
Pet Food Processing - September 2023 - 44
Pet Food Processing - September 2023 - 45
Pet Food Processing - September 2023 - 46
Pet Food Processing - September 2023 - 47
Pet Food Processing - September 2023 - 48
Pet Food Processing - September 2023 - 49
Pet Food Processing - September 2023 - 50
Pet Food Processing - September 2023 - 51
Pet Food Processing - September 2023 - 52
Pet Food Processing - September 2023 - 53
Pet Food Processing - September 2023 - 54
Pet Food Processing - September 2023 - 55
Pet Food Processing - September 2023 - 56
Pet Food Processing - September 2023 - 57
Pet Food Processing - September 2023 - 58
Pet Food Processing - September 2023 - 59
Pet Food Processing - September 2023 - 60
Pet Food Processing - September 2023 - 61
Pet Food Processing - September 2023 - 62
Pet Food Processing - September 2023 - 63
Pet Food Processing - September 2023 - 64
Pet Food Processing - September 2023 - 65
Pet Food Processing - September 2023 - 66
Pet Food Processing - September 2023 - 67
Pet Food Processing - September 2023 - 68
Pet Food Processing - September 2023 - 69
Pet Food Processing - September 2023 - 70
Pet Food Processing - September 2023 - 71
Pet Food Processing - September 2023 - 72
Pet Food Processing - September 2023 - 73
Pet Food Processing - September 2023 - 74
Pet Food Processing - September 2023 - 75
Pet Food Processing - September 2023 - 76
Pet Food Processing - September 2023 - 77
Pet Food Processing - September 2023 - 78
Pet Food Processing - September 2023 - 79
Pet Food Processing - September 2023 - 80
Pet Food Processing - September 2023 - 81
Pet Food Processing - September 2023 - 82
Pet Food Processing - September 2023 - 83
Pet Food Processing - September 2023 - 84
Pet Food Processing - September 2023 - 85
Pet Food Processing - September 2023 - 86
Pet Food Processing - September 2023 - 87
Pet Food Processing - September 2023 - 88
Pet Food Processing - September 2023 - 89
Pet Food Processing - September 2023 - 90
Pet Food Processing - September 2023 - 91
Pet Food Processing - September 2023 - 92
Pet Food Processing - September 2023 - 93
Pet Food Processing - September 2023 - 94
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Pet Food Processing - September 2023 - 97
Pet Food Processing - September 2023 - 98
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Pet Food Processing - September 2023 - 100
Pet Food Processing - September 2023 - 101
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Pet Food Processing - September 2023 - 103
Pet Food Processing - September 2023 - 104
Pet Food Processing - September 2023 - 105
Pet Food Processing - September 2023 - 106
Pet Food Processing - September 2023 - 107
Pet Food Processing - September 2023 - 108
Pet Food Processing - September 2023 - 109
Pet Food Processing - September 2023 - 110
Pet Food Processing - September 2023 - 111
Pet Food Processing - September 2023 - 112
Pet Food Processing - September 2023 - 113
Pet Food Processing - September 2023 - 114
Pet Food Processing - September 2023 - 115
Pet Food Processing - September 2023 - 116
https://www.nxtbook.com/sosland/pfp/pet-food-processing-january-2025
https://www.nxtbook.com/sosland/pfp/pet-food-processing-november-2024
https://www.nxtbook.com/sosland/pfp/pet-food-processing-september-2024
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-july-2024
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-may-2024
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-march-2024
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-january-2024
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-november-2023
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-september-2023
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-july-2023
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-may-2023
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-march-2023
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-december-2022
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-october-2022
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-september-2022
https://digital.petfoodprocessing.net/sosland/pfp/-pet-food-processing-june-2022
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-march-2022
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-december-2021
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-october-2021
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-september-2021
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-june-2021
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-march-2021
https://digital.petfoodprocessing.net/sosland/pfp/2020_12_01
https://digital.petfoodprocessing.net/sosland/pfp/2020_10_01
https://digital.petfoodprocessing.net/sosland/pfp/2020_09_01
https://digital.petfoodprocessing.net/sosland/pfp/2020_06_01
https://digital.petfoodprocessing.net/sosland/pfp/2020_03_01
https://digital.petfoodprocessing.net/sosland/pfp/2019_12_01
https://digital.petfoodprocessing.net/sosland/pfp/2019_10_01
https://digital.petfoodprocessing.net/sosland/pfp/2019_09_01
https://digital.petfoodprocessing.net/sosland/pfp/2019_06_01
https://digital.petfoodprocessing.net/sosland/pfp/2019_03_01
https://digital.petfoodprocessing.net/sosland/pfp/2018_12_01
https://digital.petfoodprocessing.net/sosland/pfp/2018_09_01
https://digital.petfoodprocessing.net/sosland/pfp/2018_06_01
https://digital.petfoodprocessing.net/sosland/pfp/2018_03_01
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