Progressive Grocer

AUG 2015

Issue link: http://magazine.progressivegrocer.com/i/550910

Contents of this Issue

Navigation

Page 112 of 169

The Pampered Pet Animal owners splurge on supplies. By Kathleen Furore S poiling furry, feathered and scaly family members has become almost a pastime for pet lovers today, especially when it comes to the products they'll buy for the animals they adore. And while pet food is reaping the biggest benefts in terms of sales, the current "pets as people" trend is having a positive impact on the pet supplies category, too. According to the Greenwich, Conn.-based American Pet Products Association (APPA), supplies and OTC medications ranked third of all categories for amount spent in 2014 ($13.75 billion), growing 4.6 percent from 2013 to 2014. Te supplies category can include anything from dog and cat beds, bowls, and collars to fsh tanks, terrariums and bird toys. "Increases in spending are being led by both ends of the pet-owning spectrum — aging Baby Boom- ers paying more to provide care for their pets, and younger Gen Y owners who prefer the conveniences of high-tech and pampering products and services," says Bob Vetere, APPA president and CEO. A Bright Future for Supplies With an uptick in the number of new and younger pet owners, the pet product industry is well posi- tioned for growth, especially given the demograph- ics of the people who are becoming pet parents. In its 2015-16 National Pet Owners Survey, the APPA found that more than 10 percent of current pet owners are new pet owners — that's almost 8 million new pet owners within the past year — most of whom are members of Gens X and Y. "Tis is really exciting, as the industry as a whole has been trying to engage Gen Y in pet ownership," says Vetere. "A Gen Y dog or cat owner spends more to purchase their pet; takes them to the vet more often; buys more toys, gifts and care items; and utilizes more services than Gen X, Baby Boomers and Builders." Gen Y also likes high-tech gadgets (think pet cams and electronic health-monitoring collars), as well as convenience products that make it easier to take their pets with them or to care for them while they're gone. "Tis opens the door for innovation in products and services as well," Vetere adds. LARGE SELECTION OF BASES END CAP DISPLAY BASES PATENTED PALLET GUARDS STORAGE / DUNNAGE RACKS Get Your Products Off the Floor! 800.837.2881 www.masonways.com

Articles in this issue

Links on this page

Archives of this issue

view archives of Progressive Grocer - AUG 2015