Pet Care

The pet care industry in Chile is undergoing significant shifts and challenges amid several prevailing trends. One notable trend is the impact of inflation on premium brands in dog and cat food. As inflation rates surge, premium brands are facing…

In 2024, pet care in Colombia is still feeling the impact of previous years’ high inflation, with soaring rates seen in 2022 and 2023. This widespread increase in prices has had a notable impact on the industry, leading pet owners seek to manage…

Pet care saw solid retail current value growth in Malaysia in 2023, with this trend set to continue in 2024. Improved GDP growth, a subsiding inflation rate, and stable disposable incomes have helped to sustain growth for pet food and pet products in…

Pet care was among the hardest hit industries by inflation and general price increases in Italy, at least in the first half of 2023. However, these price increases were not seen across the board in all distribution channels, with the biggest…

Within pet care in Canada, pet food continued its trajectory of modest retail volume and strong value growth in 2023, with similar increments expected over 2024. The demand for pet food, and pet care in general, continues to be driven by the…

Further price increases across pet care in Japan are evident, helping to drive up retail value sales in 2024. On the other hand, overall demand for some pet care products continues to decline, in line with an overall fall in the pet population.…

Despite a slowdown in the Belgian pet population, the pet care industry continues to benefit from an increase in food volume growth and a moderate increase especially of cats and dogs. The population slowdown has been consistent since the aftermath…

In Denmark, the pet population is declining due to rising living costs and a return to pre-pandemic lifestyles. 2023 registered a decrease in new dog registrations, signalling a probable reduction in the overall canine population by the end of 2024.…

France’s pet population remained relatively stable in 2023, albeit dropping slightly from the peak in 2022 as financial pressures took their tool and consumers looked for savings. When looking at dogs, small and medium-sized dogs remained the most…

In 2024, pet care is set to record mid-single digit current value growth in China, benefiting from the steady growth in the pet population and the heightened focus on the health, nutrition, and living conditions of pets. Pet food is expected to show…

Pet care in South Korea has faced challenges amidst economic slowdown, but is expected to continue to demonstrate resilience and growth in both retail volume and current value terms in 2024. As the economy struggled and living expenses surged at the…

Pet care continues to see dynamic double-digit growth in value and volume terms in Saudi Arabia with it having become one of the most dynamic industries in the Kingdom. This dynamism is being driven by the huge investment made by major pet care…

Pet care is set to maintain slow retail volume growth and more dynamic current value growth in the US in 2024. This year, premiumisation has become a sharpening double-edged sword for future growth in pet care. Although premium categories are set to…

Persistent challenges of inflation and ongoing supply chain disruptions that characterised 2023 are still being observed in pet care in the UK, although unit price growth is starting to slow. Multinational pet food companies face ongoing obstacles…

In 2023, pet care in Slovakia is experiencing ongoing turbulence due to the mounting economic pressures on household expenditure. Pet ownership stopped rising at the end of the review period following a spike during the COVID-19 pandemic, and started…

While the COVID-19 pandemic is no longer a serious concern the slowdown seen in the local economy is a key issue in 2023. With average income decreasing, unemployment rising and with elevated inflation this is having a detrimental impact on…

Despite the challenging economic conditions, pet care in Egypt showed steady value sales growth and development over the review period. Pet care had to navigate through devaluing currencies, high inflation rates, and new import regulations which led…

Pet care was heavily impacted by high inflation and constant price increases over 2022, affecting pet owners in different ways. Two types of customers were observed: those who are increasingly concerned about their health and the health of their pets…

Global inflation and the energy crisis stemming from the war in Ukraine severely impacted pet care in Thailand in 2022, and this is set to continue in 2023. Thailand recorded the highest inflation amongst countries in Southeast Asia, with average…

In 2023, pet care in India is expected to display strong current value growth, driven by increasing pet humanisation and greater accessibility to pet food and pet products. Rising awareness and knowledge of the importance of good nutrition for pets…