Will high pet treat sales growth soon come down to earth?

Aug 14, 2024 · ClarkandCompany | iStock.com. Pet treats have been one of the fastest-growing categories for several years. In 2023, U.S. sales of dog and cat treats rose more than 10% …

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Will High Pet Treat Sales Growth Soon Come Down To Earth?

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Aug 14, 2024 · ClarkandCompany | iStock.com. Pet treats have been one of the fastest-growing categories for several years. In 2023, U.S. sales of dog and cat treats rose more than 10% …

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Pet Treat Update: Is It Becoming A Cat’s World? | PetfoodIndustry

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2 days ago · For dog food, it means only 1.1% growth for dollar sales in the 52-week-period ending October 5, 2024, as tracked by NIQ. And dog food unit sales have declined 1.7%, with …

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General Mills' Pet Food Sales Growth Losing Steam - Star Tribune

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Nov 6, 2024 · The CEO is hoping stocking stuffers for the nation’s dogs will turn things around for the company’s $2.3 billion pet food business, which saw overall sales drop for the first time …

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An Update On The US Pet Treats Market - GlobalPETS

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Mar 24, 2023 · Sales of pet treats and chews benefitted from a pandemic surge, rising 20% in 2020, 18% in 2021, and 12% in 2022, to reach $11.3 billion (€10.5B) in that year. Even with …

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Pet Treat Sales To Reach $10 Billion This Year In The US?

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Dec 10, 2021 · Treats have continued to outpace the other areas of the pet market and COVID has only accelerated it: “Pet owners spending more time at home with their pets has translates …

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Pet Treat Sales Near $10 Billion In U.S. - Supermarket News

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Jan 27, 2022 · U.S. retail sales of dog and cat treats were expected to reach $9.87 billion by the end of 2021, after two years of double-digit increases, according to Packaged Facts’ Pet …

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Pet Treat Sales To Reach $10 Billion This Year In The US?

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Dec 10, 2021 · After two years of double-digit growth, Packaged Facts predicts that retail sales of dog and cat treats will reach $9.87 billion by the end of 2021. ... “Pet owners spending more …

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Why Pet Treat Sales Continue To Rise - PetfoodIndustry

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May 1, 2022 · The usage rate for dog treats and biscuits has held steady, from 75.5% in 2006-07 to 77% in 2020-21. Yet dog treat sales have also grown along with dog ownership: According …

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FAQs about Will high pet treat sales growth soon come down to earth? Coupon?

How much will pet food sales grow 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. ...

How much do pet treats sell in 2022?

According to Packaged Facts, pet treat sales topped $11 billion in 2022, including both brick-and-mortar and online sales. E-commerce held the largest share of this market at 34% of sales. While dog treats still make up the majority of total treat sales at 78%, cat treat sales continue to grow at a quicker pace. ...

Is the pet treat market growing?

FMI Examines Growth Patterns in 35+ Countries. The pet treat market has been on a steady rise for the past decade. The market is set to maintain its trajectory with a modest CAGR of 5.50%. In 2024, the market value exceeded expectations, reaching a soaring US$ 8,350.5 million. ...

Is the pet treat market on a steady rise?

The pet treat market has been on a steady rise for the past decade. The market is set to maintain its trajectory with a modest CAGR of 5.50%. In 2024, the market value exceeded expectations, reaching a soaring US$ 8,350.5 million. The trend is set to continue, with the market projected to reach a whopping US$ 14,231 million by 2034. ...

Did dog food sales grow in 2022?

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%). ...

How much is dog food worth in 2023?

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. ...