In 2021, pet food and treats retail sales reached an all-time high. Except for one month, the retail sales grew by 9.9% or more every month — during the whole year. And they reached $900 million per month by the end of 2021.
To compare, in March 2020, during the 2020 peak, the sales got to $850 per month and then plummeted to $600 million in April. However, during that period, e-shopping and other segments increased, as 21% of the owners started to spend more money on their pets.
Since 2020, there have been serious problems with supply chains, which continued into 2021 and 2022. These supply chains heavily influenced pet food sales.
In 2020, there were 27,697 UPCs scanned, and in 2021, there were 586 less, or 27,111. Although this doesn’t seem like a lot, this shows a decline of 2.2% compared to 2020.
Two segments that were most impacted by supply issues were dog treats and wet cat food, which had the least codes scanned.
In spite of supply issues, e-commerce is still strong. For the last three years, e-shopping has increased a lot and is one of the largest trends in the pet industry.
For example, compared to 2019, the e-sales of dog food and treats doubled from less than 10 million to over 22 million. In the same period, cat food sales tripled.
During the first quarter of 2022, both retail and e-commerce sales are going strong, but there’s a chance they might slow down.
New statistics show that owners are as worried as in 2020 about being able to provide their pets with food due to inflation and uncertainty due to war in Ukraine.