Industry Analysis & Industry Trends
For those with pets, pet food becomes indispensable in maintaining a animal's well-being. This factor kept revenue for dry pet food producers from falling drastically over the past five years. Revenue declines were the result of consumers refraining from purchasing new pets, causing a decline in the number of dogs and cats as pets in the United States. Over the next five years, consumers are expected to return to purchasing pets and pet food. In addition, wholesale bypass will allow dry pet food producers to sell products at lower prices directly to consumers, boosting demand for the industry.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Dry Pet Food Production industry is in the mature stage of its life cycle, typified by a saturated market with a declining number of establishments. In the 10 years to 2017, industry value added (IVA), which is the degree to which industry revenue contributes to US GDP, is projected to decrease at an average rate of 0.4% per year. Real GDP is projected to grow 1.9% annually on average during the same period, indicating that the industry is shrinking while the US economy is growing.
The number of establishments fell over the past five years at an average annual rate of 0.7% to 426 in 2012 due to a number of factors. Some firms were forced to exit the industry in the wake of the recession, while others chose to exit as a result of falling profitability... purchase to read more