Monthly Recap: Our Top News Headlines from August 2021's trusted research brands Packaged Facts and The Freedonia Group were recently featured in a variety of media outlets including The New York Times, Research World, Retail Dive, and many other trade publications. 

See a quick summary of recent market data that received news coverage.

The New York Times: The Cutthroat World of $10 Ice Cream

Fueled by pandemic trends of “at-home comfort” and “anytime eating,” the $7 billion industry grew 17 percent, after roughly 2.4 percent annual growth over the previous decade, said Jennifer Mapes-Christ of the market research firm Packaged Facts.

Research World: Pandemic Trends in the USA That Will Roil Next Year’s Market

In this article, Founder and CEO Robert Granader discusses which consumer behaviors were permanently changed by COVID-19 and how key industry sectors are evolving.

Retail Dive: Petco Sales Up 19% as Category Demand Remains High

The heightened demand was further helped by the fact that the number of U.S. households with pets was projected to grow 4% last year, according to data from Packaged Facts.

New Hope Network: Balanced Health Botanicals Newsletter

Pet supplement sales skyrocketed by 21% in 2020 to reach nearly $800 million, according to Packaged Facts.

Woodworking Network: DIY Closet and Home Organization Projects Saw Increase During Pandemic

According to The Freedonia Group, home organization products and modular units saw a boost during the pandemic as DIY projects increased.

Progressive Grocer: Target Heats Up Hot Pet Category with New Store Brand

In its 2020 report, Packaged Facts pegged the U.S. pet food industry as a $30 billion industry, increasing by 5% each year over the next four.

Pet Food Processing: More Than 50% of US Dog and Cat Population at Least 7 Years Old

Pet ownership in the United States is up roughly 2.4% to 56.4% of all US households, according to market research firm Packaged Facts. 

American Veterinary Medical Association: Are We in a Veterinary Workforce Crisis?

According to early 2020 Packaged Facts data, from before COVID-19 restrictions, most dogs were acquired from a shelter or welfare organization (32% of respondents), followed closely by obtaining dogs from a family member or friend (31%) and then from a breeder (19%).

Fresh Fruit Portal: Berries and Apples Remain Best Opportunities for Fresh Fruit Packaging Suppliers – Report

Apples and berries will remain the best opportunities for fresh fruit packaging suppliers through 2024, according to a new report by the Freedonia Group. Flexible Packaging for Meat, Poultry, & Seafood Continues to Expand Market Share

A new Freedonia Group analysis finds that flexible packaging will continue to expand its share of the frozen meat, poultry, and seafood (MPS) market due to the heightened popularity of pouches and the continued use of bags and wraps.

Pet Product News: Senior Pet Population on the Rise

Pet adoption and pet acquisition trends in 2021 have remained positive—if not as supercharged as in the near-term wake of COVID-19, according to David Sprinkle, research director for market research firm Packaged Facts.

Kitchen & Bath Design News: Home Office Growth Seen Hiking Sales of Organization Products

According to the Cleveland, OH-based industrial research firm Fredonia Group, sales of home organization products are forecast to grow 2.1% per year from an “elevated” 2020 level through 2025, reaching a total of $13.5 billion. Pasco Offering Help to Residents with Unfinished Olympus Pools

Freedonia, an industry market research firm that provides insights on how major events are impacting different parts of the U.S. and global economies, confirms Staten's claims about a shortage of building materials, especially concrete, a major component of swimming pools.

Pallet Enterprise: Block Pallets 2021 Part 1: Market Overview

According to Freedonia, the Asia Pacific region passed North America to become the world’s largest regional pallet market in 2019 and is anticipated to account for 40% of global pallet output in 2024.

American Veterinary Medical Association: More Pet Owners Are Shopping Online

The percentage of pet products purchased online in the United States more than tripled over the past five years, from 8% in 2015 to 30% in 2020. For people buying pet products online, the leaders are Amazon (59%) and Chewy (41%), according to consumer market researcher Packaged Facts.

Vet Candy: One Year Later: Five Ways Our Profession Has Changed Since the Onset of the COVID Pandemic

Millennials—who have reached ages between 25 and 39 years old in the last decade—have received special attention because of their high rate of pet ownership and they constitute 27% of all pet owners according to Packaged Facts.

Pet Food Processing: Dog Ownership Trends Posing Opportunities for Pet Foods, Treat Makers

Currently in the United States, Packaged Facts estimates roughly 54% of the population owns at least one pet. Among these households, 44% own at least one dog.

Label & Narrow Web: Avery Dennison Focusing on Healthcare and Pharmaceutical Labeling Trends

According to a 2019 report by The Freedonia Group, demand for pharmaceutical packaging products in North America is projected to rise 5% annually through 2023.

Topics: Industry Insights