Connect with us

Headlines

US Pet Food Spending Falls to $28.9B

The segment accounts for 37% of total US pet spending.

mm

Published

on

Pet food spending in the U.S. fell by 7.3 percent in 2018 to $28.85 billion, according to the Pet Business Professor blog.

The $2.27 billion decrease stood in contrast to 2017, when food spending grew by $4.6 billion “due to a deeper market penetration of super premium foods,” the blog’s John Gibbons writes.

A small increase in pet food spending had been anticipated in 2018. The unexpected decrease “was likely due to the reaction to the FDA warning on grain free dog food,” Gibbons explained, noting: “A pattern of over 20 years was broken by 1 statement.”

Pet food spending has been choppy since 1997, with the general pattern being “2 years up then spending goes flat or turns downward for a year,” according to the blog.

Total pet spending in the U.S. climbed by 1.9 percent in 2018 to reach $78.6 billion, according to the blog. The pet food segment accounts for 37 percent of total U.S. pet spending.

 

Advertisement

 

Since launching in 2017, PETS+ has won 16 major international journalism awards for its publication and website. Contact PETS+'s editors at editor@petsplusmag.com.

Most Popular