Harris Williams Consumer Update
Event Report: Global Pet Expo
Annual spending on pet products in the U.S. has climbed from $29 billion in 2001 to an expected $75 billion in 2019 according to the American Pet Products Association. This strong and steady growth in spending is just one of the reasons strategic and financial investors are paying close attention to the global pet products industry.
In this piece, Ryan Budlong, a Managing Director in Harris Williams’ Consumer Group, provides key takeaways from the Global Pet Expo, the pet industry’s largest annual trade show. One trend Budlong notes is that while dog products have been the focus of buyers and investors for a long time, interest is starting to climb in cat products. Other trends shaping the space mirror those seen in products intended for human consumption.
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