Thaís Matos

With declining acquisition multiples and slower deal activity, public listings are becoming a more attractive route for investors and founders.

While ownership continues to grow, APPA reveals how pet parents are reallocating budgets toward essentials and becoming more cost-conscious.

Exceptional growth in Norway helped the retailer, but investments and expansion are weighing on profitability.

In most countries analyzed, consumer price index (CPI) readings for products and food eased last month following the inflation increases recorded in March.

Strong performances in Europe and manufacturing offset softer demand in North America. Amazon sales and veterinary partnerships are expected to drive margins in the next quarter.

Improved sales of dog products in the second quarter helped reverse the negative trend, while cat products remained strong.

Veterinarians, specialty stores and informal retail still play a significant role across categories.

Dogs remain the most common pet, while spending on health, insurance and services continues to rise.

Digital channels hold steady at 28% for dog food and 21% for cat food, while supermarkets remain the dominant retail channel.

Economists expect growth to be uneven, driven by AI expansion. In the pet sector, strong fundamentals and adoption rates will likely boost investments.