HRNEWS
Magazine    Revista

FOR: MARKETRESEARCH.COM

 

MAY 14, 2012 - 06:08 ET

ROCKVILLE, MD--(Marketwire - May 14, 2012) - MarketResearch.com has announced the addition of the new report "U.S. Pet Market Outlook 2012-2013," to their collection of Pet Services & Supplies market reports. For more information, visit http://www.marketresearch.com/Packaged-Facts-v768/Pet-Outlook-6501263

Pet owners' diminished economic fortunes have translated into reduced pet market spending. According to Packaged Facts Pet Owner Surveys conducted during the past two years, over one-third of pet owners have made economy-related cutbacks to their pet market spending. In February 2010, 27% of pet owners agreed with the statement "I am spending less on pet products because of the economy," and the number rose to 35% in February 2011 and to 38% in September 2011. In our most recent survey, conducted in March 2012, the picture was only slightly brighter, with 36% of pet product buyers in agreement.

Level of Agreement with Statement:
"I am spending less on pet products because of the economy," 2010-2012
(percent)

Base = pet product buyers

Source: Packaged Facts Pet Owner Surveys, February 2010, February 2011, and March 2012

Shopper overall remain intently focused on value supermarkets and discount stores have seen their pet product shopper base decline. While store brands overall are more important than ever across the consumer packaged goods spectrum, pet food remains private-label resistant, an outpost of shopper loyalty to national brands.

For more information, visit http://www.marketresearch.com/Packaged-Facts-v768/Pet-Outlook-6501263

About MarketResearch.com

MarketResearch.com is the leading provider of global market intelligence products and services. With research reports from more than 720 top consulting and advisory firms, MarketResearch.com offers instant online access to the world's most extensive database of expert insights on global industries, companies, products, and trends. Moreover, MarketResearch.com's Research Specialists have in-depth knowledge of the publishers and the various types of reports in their respective industries and are ready to provide research assistance. For more information, call Veronica Franco at 240-747-3016 or visit http://www.marketresearch.com.