The industry has undergone gradual transformation, particularly among its largest companies
New York, NY (PRWEB) March 05, 2015
Domesticated animals have represented big business for industries that manufacture, distribute and sell pet food and supplies, and continued purchases of pets over the past five years has boded well for the Pet Food and Supplies Wholesaling industry. Due in part to favorable demographic and spending trends, the industry is anticipated to grow an annualized 2.0% to $19.1 billion over the five years to 2015, with the number of pets in the United States anticipated to reach a record high of 185.0 million pets. Operators in the Pet Food and Supplies Wholesaling industry represent an important link in the supply chain for domesticated animals. Consumers purchase a wide range of dry and wet pet food, bird feed, treats, food bowls, collars, leashes, litter, carriers, bedding and other accessories for their pets, and industry wholesalers distribute popular brand name and private label goods from pet food and supplies manufacturers to the pet stores and supermarkets that retail these items to customers.
According to IBISWorld Industry Analyst Nick Petrillo, “Despite continual increases in consumer confidence and the number of pets in the US economy, the Pet Food and Supplies Wholesaling industry has undergone gradual transformation in the past five years, particularly among its largest companies.” With online retailing steadily representing a greater portion of total US retail sales, major online retailers have expanded the size and scale of their distribution and product fulfillment centers to satisfy the needs of customers throughout the United States. Online retailers often partner with manufacturers to sell and ship the manufacturers' products without the use of a wholesaler. This allows for quick shipment turnover and enables the retailer to pass along the costs associated with bypassing the wholesaler to the consumer.
“Since traditional grocery stores and pet stores are still an essential component of the market for bulky pet food and supplies, wholesale bypass has not significantly damaged industry revenue over the past five years,” says Petrillo. It is, however, a pressing concern that major industry wholesalers American Supply Company, Central Garden and Pet and Phillips Pet Food and Supplies have addressed through increasing levels of merger and acquisition activity over the past five years.
For more information, visit IBISWorld’s Pet Food and Supplies Wholesaling in the US industry report page.
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