
The international love for pets has pushed the pet care industry into one of the strongest growing retailer segments around the world. As a leading manufacturer of private label pet food, Doane Pet Care will continue to expand as a major player in the international growth-oriented pet food marketplace:
- Dog and cat food, including treats, total $31 billion and has increased over 15% during the last five years.
- North America and Western Europe account for 77% of all pet food sales and are roughly equal in share value.
- In the United States alone, there are over 58 million dogs and 71 million cats.
- Half of all U.S. households owning a cat own an average of 4
- Over 40% of all U.S. households with pets own both a dog and a cat
With the U.S. pet food industry being a growing $11 billion industry, DPC works hard to refine its capacity and position itself to capture more market share with in the United States . For example, it's partnership in the retail industry has enabled many stores to generate more profitability from their own store brands, often ranking as top selling profitable volume in their retail outlets.
As store brands continue to grow, improving product quality and increased retailer support have enabled them to gain market share from national brands in many traditionally branded categories. Store brands now include a full range of pet food products at all price points, including Economy, Premium and Super Premium.
Growth in the dry pet food and the biscuit and treats segments has exceeded the growth of the overall pet food industry by capturing market share from other segments, including canned pet food.
Internationally, Europe and Japan account for almost all of the pet food sales outside of North America , and private label share is growing in each of these markets. The marketplace has significant growth potential moving forward.
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