Pet Food Processing - September 2024 - 16

STATE OF THE INDUSTRY
In addition, the industry
US 2024
Pet Food Sales
Cat Food
Dog Food
Other Pet Food
Source: Euromonitor International; *2024 estimated year-end sales
2024 sales*
$18.5 billion
$42.1 billion
$1.3 billion
Growth % 2023-2024
10.1%
8.4%
2.3%
Leading Wet Cat
Food Vendors
TOTAL WET CAT FOOD
Nestlé Purina PetCare
Mars Petcare
Private label brands
Post Consumer Brands
Big Heart Pet Brands
Blue Buffalo
MPM Products
I & Love & You
Whitebridge Pet Brands
Inaba Foods USA
Dollar sales
Current
$3,548,285,574
$2,568,893,681
$344,384,909
$212,723,918
$161,187,346
$106,746,216
$96,250,887
$33,197,736
$11,354,073
$2,470,801
$2,003,969
% change
vs YA
5.8%
4.6%
28.4%
22.9%
-14.6%
0.4%
-7.1%
-5.0%
-13.8%
85.8%
78.3%
Price per unit
Current
$1.94
$1.88
$2.80
$1.17
$2.15
$4.78
$3.03
$2.45
$2.81
$1.64
$1.22
Total US Multi-Outlet (Grocery, Drug, Mass Market, Convenience, Military and Select Club & Dollar Retailers) Time: Latest 52 Weeks Ended June 16, 2024
Source: Circana, a Chicago-based market research firm (@WeAreCircana)
Change
vs YA
3.9%
4.6%
9.7%
8.2%
-11.6%
-5.9%
9.7%
6.8%
-12.0%
9.7%
-16.3%
is voicing concerns over pet
food and treat regulations. The
Pet Food Uniform Regulatory
Reform Act of 2024 (PURR Act),
a bipartisan legislation introduced
to Congress in February,
is working to modernize and
streamline how pet food and
treats are regulated. The legislation
proposes to give the FDA
centralized regulatory authority
over the labeling and ingredient
review process for dog and cat
food and treats instead of allowing
individual states to regulate
ingredient and label approval.
The legislation calls for new ingredient
review and approval
timelines for
the FDA, which
would be overseen by Congress.
Under the new system, label
and ingredient approvals would
be assigned to the FDA, while
state departments of agriculture
and other state agencies would
still oversee quality inspections
and product registrations. The
result would be a system for pet
food regulation that more closely
mirrors that of human food.
" Pet owners agree on the
Leading Cat
Treat Vendors
TOTAL CAT TREATS
Mars Petcare
Nestlé Purina PetCare
Hartz Mountain
Private label brands
Inaba Foods USA
Blue Buffalo
Big Heart Pet Brands
Post Consumer Brands
Bonkers International
Worldwise Inc.
Dollar sales
Current
$1,323,555,572
$694,654,836
$274,420,733
$235,242,803
$54,001,026
$14,830,656
$10,375,602
$9,672,684
$6,340,852
$4,940,986
$4,405,390
% change
vs YA
5.4%
1.8%
-1.3%
19.5%
16.3%
94.2%
-14.7%
11.0%
-26.3%
288.7%
20.6%
Price per unit
Current
$3.42
$4.83
$2.35
$3.33
$1.63
$3.85
$3.14
$2.02
$1.78
$2.77
$6.91
Total US Multi-Outlet (Grocery, Drug, Mass Market, Convenience, Military and Select Club & Dollar Retailers) Time: Latest 52 Weeks Ended June 16, 2024
Source: Circana, a Chicago-based market research firm (@WeAreCircana)
Change
vs YA
4.4%
5.7%
0.1%
16.2%
-4.0%
20.6%
-7.0%
4.6%
1.4%
-10.8%
0.4%
need for an uninterrupted supply
of safe, high-quality and innovative
pet products, and now
is the time for pet food regulations
to be streamlined to better
meet the needs of pets and
pet owners in the 21st
and beyond, " said Dana Brooks,
president and chief executive
officer of PFI.
While
century
industry stakeholders
are continuing to debate
the merits of the PURR Act, all
agree that the need to modernize
and strengthen regulatory
oversight in the pet care industry
is imperative and will take
an industry-wide effort to meet
the end goal of protecting the
food that feeds the nation's precious
pets.
PFP
16 PET FOOD PROCESSING | September 2024 | www.petfoodprocessing.net
http://www.petfoodprocessing.net
Pet Food Processing - September 2024

Table of Contents for the Digital Edition of Pet Food Processing - September 2024
