Originally published by Reuters on April 2, 2020.
Pet food sales in the United States saw significant growth in the first week of March, which accelerated through the third week of March, according to Neilsen data.
“Short-term, we expect to see a dip in pet food sales in the weeks ahead. Pet food is a fixed consumption category. As many pet parents have now “stocked-up” the next purchase cycle will likely elongate,” Maria Lange, Vice President of Nielsen’s pet practice.
Liberum analyst Adam Tomlinson also said the key question was how sustained this uptick in sales would be and how trading patterns would emerge following the initial spike.
It is not just pet food that is seeing increased demand, according to U.S.-based Covetrus Inc, which has seen a surge in its web-based pharmacy services.
The company said home deliveries of pet medicines and products had surged 45% as more vets shift to using its online tools to prescribe products, including drugs and pet food.
Read the full article here: https://www.reuters.com/article/us-health-coronavirus-pets-at-home-grp/caged-in-pet-owners-stockpile-supplies-for-coronavirus-lockdowns-idUSKBN21K10K