Pets Market

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Pets at Home shares rocked by CMA market review

About Jessica Davies

Jessica has spent 15 years covering private and public markets, business, law and investment in the transition to cleaner energy. She spent several years as an editor at Dow Jones, covering private equity and private markets, where she led the team that broke the news of alleged misuse of funds at Abraaj Group. During her time at the company, she sat on the Women @ Dow Jones committee. She also spent four years as an editor and journalist at Centaur Media PLC covering investment in… Read more

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Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified team of news journalists.

Proactive news team spans the world’s key finance and investment hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth.

We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors.

The team delivers news and unique insights across the market including

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UK watchdog plans formal investigation into vet pricing | Competition and Markets Authority

The UK competition regulator is preparing to launch a formal investigation into the veterinary market after identifying “multiple concerns” in an initial review, including that pet owners may be overpaying for treatments and medicines.

The Competition and Markets Authority (CMA) said it wanted to move forward with a full review after an initial inquiry triggered an “unprecedented response” from 56,000 people, including customers and vet professionals, who raised a number of concerns about practices within the £2bn industry.

The watchdog is concerned that consumers may not be given enough information to make informed decisions over care, and that a rise in consolidation resulting in fewer independent surgeries has weakened competition.

Since 2013, about 1,500 of the 5,000 vet practices in the UK have been acquired by six of the largest corporate groups: CVS, IVC, Linnaeus, Medivet, Pets at Home and VetPartners, the CMA said.

Sarah Cardell, the CMA chief executive, said: “Our review has identified multiple concerns with the market that we think should be investigated further. These include pet owners finding it difficult to access basic information like price lists and prescription costs – and potentially overpaying for medications.

“We are also concerned about weak competition in some areas,

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Better Choice Acquires Aimia Pet Healthco to Enter the GLP1 Pet Market

Better Choice Company Inc.

Better Choice Company Inc.

NEW YORK, Feb. 09, 2024 (GLOBE NEWSWIRE) — Better Choice Company (NYSE: BTTR) (“Better Choice” or “the Company”), a pet health and wellness company, today announced the acquisition of all the issued and outstanding common shares of Aimia Pet Healthco Inc. (‘Aimia’). Better Choice will now be in a position to manage the clinical trials internally in hopes to develop a supplement to support weight loss in domestic animals.

More than half of all dogs and cats worldwide are classified as overweight or obese and can suffer from the same weight-related health complications as humans – including arthritis, diabetes, and high blood pressure. Following the successful creation by Pfizer of its Slentrol medication, Better Choice will work with Aimia to develop treats and toppers to safely combat pet obesity.

The goal of the research and development work is to mirror the weight loss benefits of leading brands for domestic animals and in humans including Slentrol, Wegovy, Ozempic, and Mounjaro with added protein and nutrients from the Company’s halo products to promote lean muscle and overall pet health.

About Better Choice Company, Inc.
Better Choice Company Inc. is a pet health and wellness company focused on providing

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Latest Market Report | Pet Care E-commerce Market to Surpass US$ 50 Billion by 2030, Driven by Growing Pet Ownership and Convenience

Rationalstat LLC

Rationalstat LLC

The global pet care e-commerce market is expected to reach US$ 49.6 billion by 2030, with an annual growth rate of more than 11.2%.

Wilmington, Delaware, Nov. 13, 2023 (GLOBE NEWSWIRE) — According to RationalStat‘s recent industry analysis, the Global Pet Care Ecommerce Market value is pegged at US$ 23.6 billion in 2023 and is expected to rise at a strong CAGR over 11.2% over the forecast period of 2023-2030.

Market Definition, Market Scope, and Report Overview

The pet care e-commerce market refers to the online retail sector that specializes in providing pet care items and services. This includes pet food, toys, grooming goods, healthcare supplies, accessories, and even services such as pet grooming or training sessions. The market has expanded significantly in recent years, and numerous reasons have contributed to this rise.

Some pet care e-commerce sites provide subscription services for pet necessities such as food, guaranteeing that pet owners receive regular supply without having to reorder frequently. This strategy maintains client loyalty while providing businesses with a consistent revenue stream.

  • According to a deep-dive market assessment by RationalStat, the global Pet Care E-commerce market has been analyzed on the basis of market segments, including animal

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Spanish pet food sales may hit US$2bil; Brands’ 2022 revenues

The Spanish dog and cat food market ranks among the largest in Europe. Many of the attendees at the inaugural edition of the Congreso de la Industria de Pet Food en Europa (CIPEU) (European Pet Food Industry Conference) worked for the companies that make the food to supply the growing Spanish pet food market. CIPEU was held Sept. 27-28 in Zaragoza, Spain.

Spanish pet food companies help feed Spain’s 9,313,000 pet dogs in 2022, the fourth largest population in Europe, and 5,859,000 pet cats, Europe’s eighth largest. Those figures come from the European Pet Food Industry Federation (FEDIAF) “Facts and Figures 2022” report.

Feeding those pets is profitable. Analysts with Mordor Intelligence estimate that Spain’s pet food market size will reach US$1.71 billion in 2023. They forecast that to rise to US$2.19 billion by 2028, with a compound annual growth rate of 5%.

Another group of market researchers with Statista estimated that Spanish pet food retail sales would reach US$2.0 billion in 2023 and grow annually by 5.18% from 2023-2028.

That pet food was sold in a range of retail outlets from supermarkets to pet special stores to veterinarian’s offices. Retail sales channels were affected by the pandemic, and the

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Consumer choices impact growth of Mexican pet food market

In the years leading up to the pandemic, the Mexican pet food market witnessed impressive double-digit growth rates in volume. However, recent years have seen a deceleration, with a compound annual growth rate averaging around 6%. Surprisingly, there is no evidence to suggest that the population of dogs and cats has slowed in growth. On the contrary, macro-trends such as smaller households and an increase in single- or two-person households would not support this theory.

To understand the factors behind the pet food deceleration, it is important to analyze the influence of consumer decisions on the market’s mid-term growth prospects.

Consumers factors likely reshaping market outlook

One prevailing theory within the Mexican pet food industry suggests that the combination of inflation and income loss among a segment of pet owners is driving them to supplement dry pet food with homemade meals or leftovers. This behavior indicates some dog owners are blending commercial pet food with homemade alternatives, reducing their reliance on balanced pet diets and subsequently impacting the growth rate of the market.

While this practice may offer short-term financial relief, it raises valid concerns about the nutritional adequacy of such diets, potentially compromising the overall health and well-being of

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A holiday dog ​​market is coming to Tampa Dec. 2

Published Nov. 21, 2023|Updated Nov. 29, 2023

Nothing gets Tampa Bay’s tails wagging more than a market for pets and supplies. The Dog Moms of Tampa Bay will host its second annual Howliday Market in the Midtown Tampa development on Saturday, Dec. 2.

From 11 am to 4 pm that day, more than 100 vendors will offer ways to pamper pooches and provide some unique holiday ideas, including pet costumes, accessories, home decor, photography and special treats.

Vendors and groups in attendance included Hounds for Hope, Bandit Barkery, PeachyKeen Collars and Wags & Wine.

Studies show more than half of dog owners and nearly 40 percent of cat owners buy their pets gifts for Christmas or Hanukkah, according to the American Pet Products Association, an industry trade group.

In addition to the shopping, there will be holiday music and lawn games, and a chance to get a photo with your pet and Santa.

Money raised from the event will go to local rescues and animal charities. The Dog Moms of Tampa Bay have raised more than $20,000 in the last few years for their favorite dog causes, the group said.

You’ll find the market in the heart of

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[Guide] Food Manufacturers Are Expanding Into the Pet Market to Help Offset Negative Impacts of a Recession

Guide by Bimini Pet Health

The pet industry is turning to human-grade ingredients.

Learn why this new trend can be profitable for food manufacturers.

Today’s pet owners are treating their pets like children and are seeking products for their dogs and cats that are similar to the ones they use for themselves. Dog and cat lovers want ingestible products made with human-grade ingredients for their furry friends, but many pet product manufacturers aren’t equipped nor have the will to produce pet products that are human-grade.

This leaves room for the food industry to capitalize on this growing, profitable trend.

Bimini Pet Health is a private-label and contract manufacturer of pet health supplements, health treats, and pet foods and an early adopter of the move to human-grade manufacturing for dosage form pet health supplements.

Download our free guide to learn why human-grade ingredients are growing in popularity and how to leverage this trend for your business.

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GRP enters pet market following acquisition of specialist broker

GRP enters pet market following acquisition of specialist broker
VetsMediCover to become part of digital broker Insync following completion

Global Risk Partners Limited (GRP), a Brown & Brown company, has entered the pet insurance market for the first time after completing the acquisition of Petsmedicover Limited, trading as VetsMediCover.

VetsMediCover is a pet insurance broker based in Sutton Coldfield, West Midlands. The business was founded in 2016 and is led by Sarah Bascombe. Its primary focus is cat and dog insurance.

Post-completion, the business will become part of Insync Insurance, the fast-growing digital broker which was acquired by GRP in December 2020.

Jon Norman, Managing Director at Insync, said the addition of VetsMediCover to the Insync portfolio is a “very exciting opportunity for us to apply our digital capabilities to a growing brokerage. We’re looking forward to working with the VetsMediCover team to build out our presence in the pet market.”

Jon explained that Sarah Bascombe would retire from the business after a transitionary period, and her senior colleague, Ben Foley, would become Head of Pet and take over the daily management of the business. The rest of the team are all moving across to join Insync.

Sarah Bascombe said:

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Good and bad news: US pet food inflation remains steady

US retail price data for April 2023 showed pet food prices were 14.6% higher year over year (YOY) compared to April 2022. This represented just a slight increase over March 2023’s 14.4% pet food inflation yet was still almost three times the US national inflation rate—as shown by the consumer price index (CPI)—of 4.9% YOY. So the pet food figure is definitely a good news/bad news story: good that it seems to have steadied but bad that it’s still so painfully high.

John Gibbons, aka the Pet Business Professor, compiled and analyzed retail and producer price data from the US Bureau of Labor Statistics. For pet care overall, inflation in April came in at 10.4% YOY, more than twice as high as the CPI and a full percentage point over March’s 9.4% YOY. Besides pet food, veterinary services continue to drive inflation in the overall pet care sector.

Good news on the pet food producer price front…

Focusing on the good news part of the pet food inflation number, the pet food producer price index (PPI), or what you as pet food manufacturers are paying for ingredients, packaging, other supplies and functions, was 13.3% YOY for April 2023 vs .

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