Tuesday, September 29, 2009

Pet-food Industry Thrives in Weak Economy



Even with rising unemployment, credit-card debt and cautious spending,  pet owners love their pets and remain faithful to an industry that continues to grow.
The pet-food business is given life by customers who aren't afraid to spend money on food and necessities for their animals, even though are willing to cut spending on themselves.
For all of us who have pets, you have probably noticed price increases in nearly every pet-food category, yet it hasn't stopped consumers.
Perhaps Dogs and cats are getting fewer new toys or accessories and not as many visits to the groomer but
total sales of all pet products gone over $45 billion this year, a 5 percent increase, and retail sales of pet food are up 4.5 percent in 2009 at about $18 billion.