Innovators are taking inspiration from human healthcare trends such as supplements, weight loss and stress management, and offering new convenient products and services to pet owners, says GlobalData, a leading data and analytics company.
British dog owners estimate they spend an average of £1,252 annually on their pet, equating to over £10.64bn across the country as a whole according to research from American Express. Some of the principal beneficiaries of the rise in spending have
A recent survey by Wayfair.co.uk reveals nearly two thirds of Brits will buy a pet a Christmas present this year. Whether it’s their pet or not, 62% of the 1,528 people surveyed, will include their furry friends in the gifting rounds, with
The ability of brands and retailers to demonstrably understand the dynamic between consumers and their pets could be beneficial to commercial success across more than just the pet category. That’s the view of customer insight agency Engage Research following an announcement by
While advancements in digital technology and increased popularity of social networking have made their mark on and offline social interaction in recent years, it seems some Americans have more faith in a pet to help their social life. Indeed, according
UK consumers spend £25m on snacks and treats for cats and dogs in grocery outlets in December, according to SymphonyIRI Group. Whether it’s a Christmas gift wrapped under the tree, or an opportunity to let cats and dogs over-indulge over
Retail sales of pets and related supplies and services have produced consistent gains from 2007-12, despite a turbulent US economy, new research from Mintel reveals. Its latest report estimates the US pet market is worth more than $49bn in 2012, up
Spending on pets in the US is expected to maintain a steady pace of growth, increasing by 33% over the next five years, according to new research from Mintel. It found 76% of dog or cat owners consider their pets