Industry Analysis & Industry Trends
Long leash
With rising pet ownership among US households and more owners humanizing their pets, online pet food and supply stores have fared well over the five years to 2011. Increasing popularity of premium pet food supplies have also fueled industry growth over the period; since premium goods are typically priced higher, they provide a good source of revenue for players. Nevertheless, the closing of a tax loophole and increasing competition will likely constrain profit margins.... purchase to read more
Industry Report - Industry Analysis Chapter
With rising pet ownership among US households and more owners treating their pets as members of their family, pet food and supply stores have fared well over the five years to 2011. The increasing popularity of premium pet food supplies has also fueled industry growth over the five-year period; since premium goods are typically priced higher, it serves as a good source of revenue for industry players. While pet specialty stores like PetSmart currently dominate the total market for pet supplies, niche players like 1-800-PetMeds and discount retailers like Walmart have rapidly gained market share within the industry. Despite the economic downturn that undermined most of the retail sector, the Online Pet Food and Pet Supply Sales industry has remained strong in the past five years... purchase to read more