South America
Will Brazilian pet retailer Petz merge with competitor Cobasi?
If both players decide to merge, the combined entity will have a network of 483 stores nationwide.
Interzoo 2024: what to expect
Just days before the European pet trade fair kicks off in Germany, GlobalPETS examines how it will unveil the latest trends in pet care.
Petz increases market share despite “fiercer” competition in 2023
The Brazilian pet retailer increased its gross revenue by 12.5% last year.
Brazilian insect supplier Cyns receives funding from investment firm
Sumitomo Corporation confirms to GlobalPETS that they want to expand the company’s market leadership.
More than 20% of Nestlé’s sales last year were pet products
The conglomerate’s pet category is the largest contributor to organic growth, while global sales decreased by 1.5%.
Elanco to sell its aqua business to Merck Animal Health
The $1.3 billion sale will allow the pharma company to focus on its pet health portfolio.
The pet supplement market: trends and expectations
Mirroring similar developments in human health, supplements for pets are moving towards achieving wellness and longevity rather than combating specific ailments.
Brazilian bill increasing taxes on non-essential products excludes pet food
A proposal in the state of Minas Gerais intended to increase the tax on different products, including pet supplies, by 2%. But the pet industry put a stop to it.
Final decision: BRF keeps its pet food business
The Brazilian food giant considered selling its pet portfolio earlier in the year. Why has it suddenly changed its mind?
ADM establishes Mexico as its production hub for Central America
The agribusiness giant plans to double monthly tonnage through a new production line in its Guadalajara facility.
Symrise reaffirms growth targets driven by pet segment performance
The firm’s pet portfolio recorded double-digit growth in Latin America and Europe, Africa, and the Middle East in the first 9 months of 2023.
Debunking the rumors: is Petco really at risk of bankruptcy?
The American pet retailer is reportedly at an elevated risk this year. GlobalPETS learns more.
Deflation in the pet category (Part 2): US
Deflation in the US pet category began in June, but is this trend likely to continue for the rest of the year?
Promising markets in the world of wet pet food
Although the wet pet food category has suffered from the trading-down trend among consumers, it still has potential. These are the markets to watch.
Performance of aquatic portfolio softens Spectrum Brands’ revenue
The Wisconsin-based pet care company posted 6.2% less sales in the last quarter.
Mexican vet startup secures $10 million investment
Vetalia aims to expand its services to Chile and Colombia after an investment round.
i-Tail’s pet treat sales drop by over half
We dive into the details of why the Bangkok-based manufacturer posted a drop of 40% in revenue in Q2 2023.
Ourofino’s pet health portfolio plunges 12.9% in Q1
High interest rates and changes in consumer behavior trends were to blame.
What’s behind Ÿnsect’s recent rebranding?
GobalPETS learned that the French insect ingredient producer plans to accelerate operations in Mexico, the US, and Europe.
Purina announces new investment in Southern Brazil
The construction of a new pet food plant from Nestlé’s subsidiary in Vargeão will cost $440 million.
