Pet food spending increased almost 12 percent during the past year, according to Circana, primarily driven by price increases. But volume sales decreased 2.7 percent year over year as consumers stretched their pet-food dollar.
People are also reading…
Billy Roberts
Billy Roberts is a lead industry analyst with the Knowledge Exchange Division of CoBank.
CoBank is a $158 billion cooperative bank serving vital industries across rural America. The bank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states. It’s a member of the Farm Credit System. Visit www.cobank.com for more information.
