Pete Scott and Anne Ferrante of APPA discuss trends in pet ownership and spending, and what they mean for the pet food industry’s future.

This 50/50 split is expected to change how pet owners shop, and where.

According to Bloomberg Intelligence, growth will be driven by the expansion of fresh/frozen and industry mergers and acquisitions.

Packaged Facts released its “U.S. Pet Market Outlook 2023,” detailing the latest trends in the pet industry.

The company has grown its revenue by 188% over the last four years.

Freshpet® Custom Meals™ are personalized through an online questionnaire and delivered direct-to-consumer through Petco.

Investors include Leap Venture Studio, Mars Petcare, R/GA Ventures and others.

Sustainability, e-commerce, personalization and grain-inclusion are currently the biggest trends in pet food, according to NielsenIQ.

Pet industry advisor and consultant Stephanie Arnold has joined the brand’s board.

The report examines pet care product availability, discounts and brands’ share of search.