Industry Analysis & Industry Trends
For those with pets, pet food becomes indispensable in maintaining an 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 Analysis Chapter
The Dry Pet Food Production industry mainly concerns various types of dry dog and cat food manufacturing. Whole-grain corn and poultry products constitute major inputs for the industry's ingredients. In turn, prices for these commodities help dictate industry product prices and profit margins. Although pet-owning consumers form the majority of end users, the industry's major downstream markets consist of brick-and-mortar and online retailers and wholesalers that stock and supply pet food.
Over the past five years, the industry has weathered the economic challenges of the postrecessionary period well. After the recession, customers continued to look for ways to save on pet food purchases. Many opted to trade down from wet dog foods to dry foods... purchase to read more