In-store veterinary clinics more prevalentDecember 9, 2019The changing face of the pet product industry has affected clients’ overall perception of animal health care, and this might have an impact on veterinary visits.
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APPA president and CEO Vetere to retireJune 14, 2018Bob Vetere, president and CEO of the American Pet Products Association (APPA) will retire following Global Pet Expo 2019 in March. Steve King, president of the Pet Industry Distributors Association (PIDA), has been chosen by the APPA board to be Vetere's successor. King will join APPA in January 2019; both will work together to ensure a smooth transition. Vetere has headed APPA since 2002. Under his leadership, APPA's membership has grown from 668 to 1,270 current members, according to the association. He has led several pet industry-wide initiatives and is credited with establishing the Human Animal Bond Research Institute, the Pets Add Life Campaign, and the Pet Leadership Council. He was honored at Global Pet Expo 2016 with the Rolf C. Hagen Hall of Fame Award for his achievements in the pet industry and also received the Pet Industry Joint Advisory Council Chairman's Award of Excellence. "On behalf of the board of directors, I want to thank Bob for his dedicated and exceptional leadership of APPA for 16 years," said APPA chairman Kevin Fick. "Bob's passion for this industry …
Pet industry hits close to $70B in spending for 2017March 27, 2018Pet owners spent $69.5 billion on their companions in 2017, according to the latest figures from the American Pet Products Association (APPA). Pet food accounts for the single greatest source of spending, veterinary care spending remains the second highest at $17.07 billion, up 7 percent from 2016. The latest pet industry spending figures were announced at Global Pet Expo, an annual pet products trade show presented by APPA and the Pet Industry Distributors Association (PIDA). APPA's annual comprehensive industry figures report covers pet spending in the market categories of food, supplies/over-the-counter medications, veterinary care, live animal purchases, and other services. "It's incredible to not only see growth for the pet industry in general, but also to experience growth across all categories—with the exception of live animal purchases, which remained the same," said Bob Vetere, APPA president and CEO. "Talk to any pet owner and they'll tell you how difficult it is to put a dollar limit on what they'd spend to give their loyal companion a happy life, and it's this outlook that continues to drive growth." Spending on pet food continues to be the highest source of dollars spent, with spending …
US pet industry sales reach $86 billion, growth projectedMarch 14, 2018The U.S. pet industry continues along a healthy growth trajectory, with overall sales of pet products and services rising almost 5 percent last year. Burgeoning online sales and strong numbers in veterinary services and pet food contributed to the advancement of the market, which Rockville, Md.-based market research firm Packaged Facts estimates at $86 billion in the brand new report U.S. Pet Market Outlook, 2018-2019. Sales of retail channel pet food made it the largest pet category with 39 percent of the market. The 5 percent growth experienced by pet food in 2017 matches that of 2016, with online sales as the foremost growth channel. Growing even faster were veterinary services, which now represent 31 percent of the market. Retail channel pet supplies came in third. Meanwhile, the industry's smallest category, nonmedical pet services, grew 5 percent in 2017. Continuing the trend of channel migration, the pet food and pet supply retail channels are experiencing much of their growth outside of the core mass-market and pet specialty channels, namely online, where annual percentage sales gains have been in the mid double digits. Both channels are feeling the e-commerce heat, with big-box pet specialty especially hard hit even …
WPA names Jacinthe Moreau as new association presidentOctober 12, 2017The World Pet Association (WPA), which produces one of the largest annual pet industry trade shows, SuperZoo, has named Jacinthe Moreau as its new president. Moreau replaces longtime president Doug Poindexter, who will retire at the end of this year. She formally joins WPA at the end of this month. Her career includes previous roles with Merial, Merck, VetSource, VCA Animal Hospitals, and Vetoquinol. "[Moreau's] business acumen will be a tremendous asset to WPA," said Poindexter. "Her thoughtful eye and keen understanding of the challenges and opportunities facing multiple groups within the pet industry will help key stakeholders work together to ensure the continued success of our industry. I am confident that I am leaving WPA and the pet business community in capable, strategic and considerate hands." "The WPA board took great strides to ensure we were selecting a leader who would continue to advance our mission of creating a thriving industry and a healthy and happy world for the pets it serves," said Michael Twain, chairman of the WPA board. "Jacinthe is a natural leader, an open collaborator, an effective communicator, and a passionate advocate for the health and happiness of companion animals; we know this …
