What's the state of the global petfood industry?
Despite petfood recalls in the US, problems with chicken jerky treats from China and the still-stumbling economy -- especially in Europe -- the global petfood industry seems to keep humming along. For example, a new report from Research and Markets shows the nearly US-based petfood manufacturers (including huge multinationals like Mars and Nestle Purina) earn a total annual revenue of about US$47 billion dollars.
Even in Western Europe, with its reeling economies, petfood sales are increasing. "No crisis in the Italian pet supplies industry" proclaims a headline in online magazine Vimax.com, citing data from the 2012 ASSALCO-Zoomark report showing sales of dog and cat food grew 2.1% in 2011 and reached 1.604 million Euro (US$2.015 million), including snacks and treats. (ASSALCO is the Italian pet trade association.)
It will be interesting to see if petfood growth continues -- or any growth happens -- this year considering the current Eurozone economic crisis. Yet growth is continuing in the US, in spite of a sluggish recovery, and most industry experts expect growth to continue to soar in so-called developing petfood regions like Latin America, Eastern Europe and Asia, especially markets like China.
- What is the single biggest or best opportunity for the global petfood industry at this time?
- What is the single biggest or most important challenge for the industry at this time -- and what should organizations in the industry do to meet that challenge?
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Replies to This Discussion
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Permalink Reply by Huang Kama on -
Dry petfood for the first step of this project.
If we can do it well ,the other kind of pet food will need.
We all know the Petfood Forum China,but we want to find the consultant more early .
Can you help me ?
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Permalink Reply by marcel blok on -
Understood. Will set wheels in motion. Hope to have more news by middle of next week.
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Permalink Reply by Huang Kama on
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If there is any new evolve ,you can contect me by e-mail: hsina.chm@163.com I am looking forward for you kindly reply! Thank you so much！
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Permalink Reply by Andea Terrile - Italy on -
Dear Marcel,
Your formula is for a dry or wet food? Cats or dogs?
Best regards
Andrea TerrileAgras Delic SpA
Italy
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Permalink Reply by Michael Fan on
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our formula is for dry food， we can do for both cat and dog
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Permalink Reply by marcel blok on
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Dear Andea,
Can you be more precise as to your needs? All combinations wet/dry/cat/dog are of course possible.
Send me an e-mail and I can see what I can do for you: marcel.blok@home.nl
Best regards,
Marcel
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