2023 Mid-Year Trends: Pet

The Pet industry has been hit hard by inflation with the average retail price of pet products increasing by double-digit percentages across all channels. However, pet parents are still spending money on products that they believe are the best for their pets. In this mid-year report, we explore how the Pet category is doing overall, what functional ingredients are driving purchase decisions, and which trends are showing strong growth in the pet category.

IN THIS WEBINAR YOU’LL LEARN:

• How the pet category is performing in terms of dollar and unit sales across multiple channels
• What functional ingredients within Pet Food & Treats are driving purchase decisions
• Which trends are showing strong growth in the pet category and which ones are losing steam