Dublin, Aug. 25, 2023 (GLOBE NEWSWIRE) -- The "Pet Treats and Chews in the U.S. - 5th Edition" report has been added to ResearchAndMarkets.com's offering.
25% of pet owners were very concerned about the rising prices of pet treats. Natural And Organic Dried Dog Treats
Pet treats and chews have experienced what can only be described as phenomenal growth in the past several years, exceeding overall pet industry growth in both 2020 and 2021 with double-digit increases driven by pandemic-driven demand and correspondingly high purchase rates.
This growth continued in 2022, but although sales remained robust, a significant portion of the dollar increases was driven by the inflationary conditions that impacted nearly every corner of the US economy. Pet treat and chew marketers had to overcome the challenge of many pet owners being unable to afford even basic necessities, let alone discretionary products.
Notes on Human Grade Pet Foods
Sales Growth Continues to Accelerate
Sales Growth by Animal Type
Indulgent Treats Tops in Sales
Annual Expenditure on Treats and Chews
Pet Owners Rely on Pet Treats & Chews
Economic Pressures Persist Despite Lessening Inflation
Pet Treats Market Not Spared Substantial Headwinds
Focus on Affordability in Pet Food and Treats
Pet Treats Provide "Family" Bonding Moments
Human/Animal Bond Part of Humanization Trend
Intensified Focus on Health and Wellness
Pet Obesity and Aging Pets Contribute to Health Concerns
Functional Pet Treats Compete with Other Treatments
Dental Treats Provide Oral Care Benefits
Cannabis/CBD Treats Help with Anxiety, Pain
Pet Owners Less Concerned About Pet Treat Safety
Competition from Wet Pet Food
Pet Treats Sales to Near $18 Billion by 2027
Market Structure and Retail Dynamics
Pet Treat Sales Controlled by Big Five
Raw Food Marketers Field Treats, Bones, Animal Parts
Mergers, Acquisitions, Investments, and Expansions
Kibble Marketers Battle Fresh Food Takeover with Treats
Pet Owners Loyal to Food, Treat Brands
Pet Treats Tend to Be Unplanned, Impulse Purchases
Autoship and Treat Subscription Boxes
MARKETING AND NEW PRODUCT TRENDS
Trends in Treats and Chews
Treats and Chews Follow Pet Food Trends
Made in the USA Top Product Claim
Treat Purchase Rate by Specialty Formulation
Treat Purchase Rate by Texture/Size/Shape of Treat
Limited- and Single-Ingredient Treats and Chews
Freeze-Dried and Air-Dried/Dehydrated Treats
Trends in Rawhides and Long-Lasting Edible Chews
Note on Pet Population Figures
Indulgent Treats Are the Most Popular Choice
Cat Owners Treat Usage Increases
Number of Treat Bags Purchased
Treat Usage Rates by Number of Pets
Pet Treat/Chew Usage Rates by Size of Dog
Treat Usage Rates by Age of Pet
Treat Purchasing Demographic Patterns by Brand
OPPORTUNITIES IN THE PET TREATS MARKET
alternative protein ingredients in pet food and treats", 2023 (percent of dog and cat owners)
Omnichannel Marketing Replacing In-Store Experiences
Notes on Human Grade Pet Foods
Sales Growth Continues to Accelerate
Sales Growth by Animal Type
Indulgent Treats Tops in Sales
Annual Expenditure on Treats and Chews
Pet Owners Rely on Pet Treats & Chews
Economic Pressures Persist Despite Lessening Inflation
Pet Treats Market Not Spared Substantial Headwinds
Owners Cut Back on Pet Treat Spending
Focus on Affordability in Pet Food and Treats
2019 vs. 2021 vs. 2023 (percent of category purchasers)
Pet Treats Provide "Family" Bonding Moments
Human/Animal Bond Part of Humanization Trend
Shift to Alternative Protein Pet Treats Influenced by Human Trends
food and treats", 2023 (percent of dog and cat owners)
Intensified Focus on Health and Wellness
Owners, 2023 (percent of dog and cat owners)
Pet Treats As Pet Health Products
Pet Obesity and Aging Pets Contribute to Health Concerns
Functional Pet Treats Compete with Other Treatments
Dental Treats Provide Oral Care Benefits
Cannabis/CBD Treats Help with Anxiety, Pain
Pet Owners Less Concerned About Pet Treat Safety
Competition from Wet Pet Food
Pet Treats Sales to Near $18 Billion by 2027
Market Structure and Retail Dynamics
Pet Treat Sales Controlled by Big Five
Raw Food Marketers Field Treats, Bones, Animal Parts
Mergers, Acquisitions, Investments, and Expansions
Alphia Partners with Better Choice Company
Natural Balance and Canidae Merge
Purina Acquires Red Collar Pet Treats Factory
Mars' Temptations Enters Cat Food Market
Post Acquires Pet Brands from Smucker
Beach Point Capital Acquires Controlling Stake in Wet Noses
Mars Petcare Acquires Champion Petfoods
Perdue Farms Renovates Treat Facility
Encompass Pet Group Acquires WildPaw
Chasing Our Tails Buys K9 Candy Kitchen
General Mills Increases Co-Packer Production But Plans to Close Plant
BrightPet Nutrition Group Acquires Bravo! Pet Foods
Premium Pet Food Brand Ziwi Acquires New Zealand-Based Freeze-Dried Foods
Mars Petcare Expands Treat Production
Garnett Station Partners Acquires Woof Gang Bakery & Grooming
Tuffy's Treat Co. Acquires Finley's Barkery
The Honest Kitchen Receives Investment
Dane Creek Capital Corp. Acquires Pet Treats Maker Wodema Industries
Phelps Pet Products Acquires Treat Production Equipment from Simmons Pet Foods
Made by Nacho Receives Investment
"I and love and you" Receives Investment
Manna Pro Acquires Oxbow Animal Health
Kibble Marketers Battle Fresh Food Takeover with Treats
Smucker Downsizes Pet Food Portfolio, Post Buys In
General Mills Ramps Down Treat Production
Pet Owners Loyal to Food, Treat Brands
Pet Treats Tend to Be Unplanned, Impulse Purchases
Autoship and Treat Subscription Boxes
CHAPTER 4: MARKETING & NEW PRODUCT TRENDS
TRENDS IN TREATS AND CHEWS
Treats and Chews Follow Pet Food Trends
Made in the USA Top Product Claim
Treat Purchase Rate by Specialty Formulation
Treat Purchase Rate by Texture/Size/Shape of Treat
Limited- and Single-Ingredient Treats and Chews
Freeze-Dried and Air-Dried/Dehydrated Treats
Trends in Rawhides and Long-Lasting Edible Chews
NOTE ON PET POPULATION FIGURES
Indulgent Treats Are the Most Popular Choice
Cat Owners Treat Usage Increases
Number of Treat Bags Purchased
Treat Usage Rates by Number of Pets
Pet Treat/Chew Usage Rates by Size of Dog
Treat Usage Rates by Age of Pet
Products or Services by Type: Overall and by Dog vs. Cat Owners, 2023 (percent)
Services by Type: Overall and by Generational Cohort, 2023 (percent)
Treat Purchasing Demographic Patterns by Brand
For more information about this report visit https://www.researchandmarkets.com/r/tpb1yj
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