Shannon Landry, the Pet Brand Manager at Packaged Facts, recently participated in a panel discussion on pet food sustainability at the Petfood Forum, a premier conference for professionals in the pet food and treat industry.

Jennifer Christ, a long-time analyst and research manager at The Freedonia Group and Packaged Facts, recently gave a keynote address at the Ohio Food Industry Summit in Columbus, Ohio.

After more than a decade of steady growth, the US pet market has faced a variety of complex challenges in recent years. From the uncertainty of the pandemic to the upheaval caused by sky-high inflation and rising interest rates, it’s been quite a roller coaster, as Shannon Landry Brown, the Pet Brand Manager for Packaged Facts, explained.

Profits at veterinary clinics are increasingly squeezed by dropping usage and competition from online pet prescription services. In this challenging market environment, many veterinary clinics are looking to expand their sources of revenue. 

Many companies commit substantial financial resources to obtain detailed information on product sales through scanner data. However, scanner data does not always live up to its promised potential. Deeper, more actionable insights are often required to create strategies for innovation and growth.

Consumers are concerned about high prices at the grocery store, but this issue is only one trend shaping the overall market landscape in 2023.

Investors and food industry players should take note of several other important food trends that have grown recently and are expected to gain further traction in the coming years, according to Food Market Outlook: Inflation, Sustainability, Convenience, & Other Food Trends by Packaged Facts, a leading market research firm and division of MarketResearch.com. The report highlights the following food trends.

The U.S. beverage industry has faced a variety of issues in recent years including increasing prices, supply concerns, and the mature nature of many beverage categories, according to the report U.S. Beverage Market Outlook 2023: Inflation, Home Delivery, Health Halos & Other Trends by Packaged Facts, a leading market research firm and division of MarketResearch.com.

To predict where the U.S. pet industry is headed next, it’s crucial to understand current pet population and ownership trends and put them in context.

“Plant-based” is the latest buzzword gracing the covers of magazines, cookbooks, and food packaging.

The U.S. pet market has shown extraordinary resilience and sales growth in the wake of COVID-19.