Sharing takeaways from an in-depth Packaged Facts webinar titled, “US Pet Market Outlook 2024: Opportunities in a Mixed Growth Landscape, Sarah Schmidt offers a summary of key trends:
- Impact of inflation on pet owner spending
- Economic challenges facing younger pet owners
- Shift to lower-cost products and services
- Decline in the dog population
- Continued pet industry growth amid challenges
Source: MarketResearch.com, March 22, 2024. Link.