Pets Market

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Pet food markets in Central Asia are still turbulent

Since mid-2022, several countries in Central Asia have struggled against occasional shortages of pet food as well-planned supply schemes fell victim to Western sanctions against Russia. Local pet food manufacturers, however, are starting to fill the gaps not only on their home ground but also in neighboring counties.

In March 2022, customers in Kazakhstan, the largest pet food market in the region, witnessed unexpected turbulence in the domestic market, as several brands, including Whiskas, Kitekat and Pet Chow, disappeared from retail shelves, while the price of others spiked, according to local publication “Mail,” citing market participants.

Aigul Imbergenova, president of the Kazakhstan Animal Protection Foundation Ayanysh, explained that the pet food market was collateral damage from Western sanctions against Russia. A large portion of Western pet food has been delivered to Central Asia, and especially, Kazakhstan and Kyrgyzsia, through Russian distributors. Both countries share a common customs space with Russia within the Eurasian Economic Union.

Around August, Mars pet food brands re-emerged on the Kazakhstan market at higher prices, which have been steadily going up ever since, Imbergenova said. Other companies have yet to resume supplies. Supermarkets are filled with mass brands, while wholesalers limit deliveries of pet foods to

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BSE SME Gabriel Pet Strap makes good debut | Capital Market News

Shares of Gabriel Pet Straps were quoting at Rs 120.75 on the BSE, a premium of 19.55% compared with the issue price of Rs 101.

The scrip was listed at Rs 115, a premium of 13.46% compared with the initial public offer (IPO) price. The stock is currently frozen at its upper limit of 5% over its listing price.

The counter hit a high of Rs 120.75 and a low of Rs 111.20. About 3.22 lakh shares of the company changed hands at the counter.

Gabriel Pet Straps’ IPO was subscribed 232.55 times. The issue opened for bidding on 31 January 2024 and it closed on 2 February 2024. The IPO price was fixed at Rs 101 per share.

The IPO comprised a fresh issue of 7,98,000 shares. The promoter and promoter shareholding diluted to 69.84% from 100% pre-IPO.

The company intends to utilize the net proceeds for repayment or prepayment, in full or in part, of borrowings availed by the company from banks, financial institutions and non-banking financial companies, acquisition of land, funding of capital expenditure requirements of the company towards set up of solar power plant and for general corporate purposes.

Gabriel Pet Straps is engaged in the

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UAE’s pet industry thrives as millennials splurge on ‘fur babies’; market expected to surge to $2 billion by 2025

Dubai: A surge in pet ownership, especially after the pandemic, has showcased the immense untapped potential the UAE’s market holds.

Some estimates suggest that pet ownership in the UAE has increased by over 30 per cent since the pandemic, with young singles and seniors particularly embracing pets, predominantly cats and dogs. This has propelled the pet care industry in the country into a market exceeding $360 million, with expectations of reaching $2 billion by 2025.

The country’s millennial ‘pet parents’ are shelling out major cash, too. From pet healthcare and food and services such as grooming, boarding and walking, and even pet hotels, the average pet owner is spending between Dh500 to Dh2,000 per month on their pets.

Amr Hazem, CEO of ThePetShop, said, “This market segment is exceptionally profitable, and it’s among the few areas that remain underinvested. In the Middle East, the pet industry is growing at a still substantial 25 per cent, surpassing growth rates in Europe, the US, Latin America, and Asia.”

He added, “Furthermore, when we consider pet ownership in households, only 8 per cent of UAE households have cats, and only 5 per cent have dogs, in contrast to the US where it’s as

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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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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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