The global pet grooming market was valued US $68.3 billion in 2022 and is expected to reach approximately US $135 billion by 2032, growing at a compound annual growth rate (CAGR) of 7% during the forecast period 2023-2032, according to new data from Factview Research.

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.

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.

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.