The global pet food market is projected to reach USD 153.8 billion in 2027, according to a recent report published by Mordor Intelligence.

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.

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

The U.S. pet industry continues to defy gravity and surge to new heights.

The U.S. pet industry has been an investor favorite for years, but 2020 only intensified its appeal.

Innovative pet tech products automate tedious pet care tasks and help support better pet health.

The global animal medicine market offers exciting growth opportunities for competitors, particularly in the late-COVID / post-COVID landscape. A recent report highlights some of the key strategies that can be adopted by companies to benefit from these market trends.

While many sectors were clobbered during the COVID-19 pandemic, the U.S. pet industry had an outstanding year, with sales growth of 9% driving total pet industry sales to $107 billion, according to the new report Pet Market Outlook, 2021-2022 by Packaged Facts, a leading market research firm and division of MarketResearch.com.

In a recent video interview, Packaged Facts Research Director David Sprinkle sat down with Senior Analyst David Lummis to discuss the top pet food industry trends in 2020 and the impact of the COVID-19 pandemic on the market.

Cannabis and cannabis-derived products are smoking hot topics in the U.S., where several states have loosened previously stringent regulations regarding the possession and use of medicinal and/or recreational marijuana.

As a result, cannabidiol (CBD) – a compound found in hemp plant oil, purported to offer myriad health benefits like anxiety relief, nausea control, cancer prevention, and inflammation reduction – is more popular than ever before.