The financial institute considers pandemic-era pet purchasing and ownership trends as major tailwinds to drive the industry forward over the next 10 years.
Euromonitor International’s Jared Koerten shared key impacts and adaptations made by the global pet food industry in 2020, and how they will affect the market in years to come.
The latest round of the American Pet Product Association’s COVID-19 Pulse Survey shows slight changes in purchasing behavior, financial and economic sentiments among pet owners in the United States.
The annual event was held virtually this year and focused on pandemic impacts to the companion animal market, pet ownership and adoption, and the pet-owning economy.