Pet Appreciation Spurs Increased Spending in Canadian Market

Press Release
Dec 1, 2022

Immediate Release

Press Contact:

Corinne Gangloff

+1 440.842.2400

[email protected]

Pet Appreciation Spurs Increased Spending in Canadian Market

Rockville MD, December 1, 2022— Canadian retail sales of dog and cat food will top US$3.5 billion in 2022, up nearly 8% over 2021, according to the Canadian Pet Market Survey report just released by Packaged Facts. This increase, spurred not only by inflationary conditions but by continued demand for premium products, caps years of growth in the 5%-6% range. 

Although cherishing pets as companions is a global and immemorial characteristic of human civilization, COVID-19 and its aftermath—in tandem with current geo-political, economic, and environmental concerns—has led to ever-growing value being placed on pets as part of the family. Heightened awareness and appreciation of the role pets play in our own mental and physical well-being translates into increased willingness to buy premiumized pet products and services, to return the favor.

 “As the pandemic brought health and wellness issues front and center across human markets,” explains report author Shannon Brown, “the same holds true for pets, with Canadian owners becoming even more receptive to products and services offering a diversifying range of pet health and wellness benefits.”

A nationally representative, bilingual survey fielded by Packaged Facts in September-October 2022 shows one-fourth (26%) of Canadian dog or cat owners strongly agreeing that they were willing to spend more on pet foods with extra health and wellness benefits, and another 42% somewhat agreed. While wallets aren’t being emptied indiscriminately—providing value in a holistic sense remains essential to being competitive—   nearly two-thirds of Canadian pet owners reported spending more on pet products than they used to, the economy notwithstanding.

This follows from half of dog, cat, and other pet owners strongly agreeing that “My pets are central to my home life,” and over one-third at least somewhat agreeing.

In the pet food arena, this mentality underpins various product “humanization” trends. Notably, the fresh (refrigerated/frozen) movement that has taken the U.S. market by storm is making headway in Canada as well. Fresh pet food pioneer Freshpet has been available in Canada through Walmart and PetSmart, and has recently expanded into major grocery store chains including Loblaws. Similarly, Canadian fresh pet food specialist Rollover is available at Walmart and pet specialty retailers  including PetSmart, Pet Valu, and PetMax. That innovative pet food formulations are very much at home not only in pet specialty but in mass-market stores such as Walmart and Loblaws underscores the larger point: with pets central to so many Canadian households, on-trend pet departments are key to drawing in household shoppers.

 

About Packaged Facts  

Packaged Facts, a division of MarketResearch.com, publishes market intelligence on a wide range of consumer market topics, including consumer demographics and shopper insights, consumer financial products and services, consumer goods and retailing, and pet products and services. Packaged Facts also offers a full range of custom research services. Reports can be purchased at our company website and are also available through MarketResearch.com.

For more essential insights from Packaged Facts be sure to follow us on Twitter (@packaged_facts), LinkedIn, and YouTube.

Media Contact: [email protected]

Report Purchases: [email protected]

800.298.5294
Int'l: +1.240.747.3095
Questions?
Contact a research specialist >

Live help
Privacy Policy    |    Terms and Conditions    |    Site Map    |    Return Policy    |    Press    |    Help FAQs
Home About Us My Account Personal Library Contact Us
Copyright © 2023 MarketResearch.com, Inc. All Rights Reserved.
Packaged Facts - A division of Market Research Group, LLC
1/30/2023 - 141
Contact Us: 800.298.5294 (U.S.)
or +1.240.747.3095 (Int'l)
Hours: Monday - Thursday: 3:00am - 6:30pm EST
Fridays: 3:00am - 5:30pm EST