Wind Point Partners’ Post

Spending on pets remains high and as younger pet owners prepare to take up the mantle of majority pet ownership across the United States, they are expected to continue dedicating both time and money to their four-legged companions. While consumers may still be bullish in their pet spending, recent stock activity has shown that traders may be feeling more cautious about the pet market, particularly when it comes to M&A. Read more about trends and opportunities for mergers and acquisitions in the pet nutrition space: https://ow.ly/kCpF50QolfE #petfood #petfoodindustry

🇺🇸 📈 Pet Care Market Update: Mergers and Acquisitions on the Rise! 📊💰 The humanization of pets 🐶🐱, soaring pet adoption rates 🏠❤️, and the robust growth of e-commerce 🌐🛍️ are propelling the volume of mergers and acquisitions in the pet industry 🤝💼, according to a recent report by American Investment Banking Firm Capstone Partners. Post-pandemic trends have sparked this increase, with several key conclusions drawn: ✅ The pandemic-induced surge in pet ownership, along with consumers spending more on their furry friends, are strengthening the sector. From higher-quality products to sought-after services, pet care is on the rise! ✅ E-commerce retailers have reported record revenues, as convenience and product variety drive consumers to embrace online shopping and home delivery. ✅ Health-conscious trends towards freeze dried, raw, and even human-grade pet food have led to innovative product development. Premium pet food brands are now redefining the segment. ✅ Consolidation among veterinary services providers and animal hospitals continues to steer M&A activity. ✅ Strategic buyers in the sector are well-positioned to execute tuck-in acquisitions, expanding product line depth. ✅ Private equity-backed platforms in the Pet space are growing through add-on acquisitions. Take Primal Pet Foods (backed by Kinderhook Industries), Antelope (Alpine Investors), and BrightPet Nutrition Group (A&M Capital Partners) as prime examples - all have made multiple acquisitions. ✅ As predicted, new entrants have joined the Pet space, with active acquirers including publicly-held consumer packaged goods (CPG) firms and private equity groups. #petindustry #ecommerce #mergersandacquisitions #petcaremarketupdate #capstonepartners #pettrends2023

📈The pet industry continues to boom, with innovation and growth across various sectors. These are the top 3 stories I have seen in the sector recently... 1. Industry Collaboration: The Kennel Club and Mars Petcare have joined forces to launch "Partners in Petcare," an initiative focused on promoting responsible pet ownership and breeder education. 2. Product Innovation: We're seeing a rise in specialized pet food options, with brands like Mr Bug and Lily's Kitchen launching new dry food and supplement ranges. Also, companies like Lintbells | Home of YuMOVE are addressing specific pet needs with targeted products like joint care supplements for cats. 3. Investment & Acquisitions: The pet industry continues to attract investment, with Sniffers Pet Care and Jollyes-The Pet People securing funding for expansion. These are just a few examples of the exciting developments in the pet industry. Definitely more to come 🤩 #petindustry #petcare #innovation #collaboration #growth #retail #manufacturing #investment

🌟 CentralHub: Redefining Pet Manufacturing Excellence since 2006! 🚀 In 2006, CentralHub planted its roots in the heart of Thailand's pet industry, igniting a revolution in pet nutrition. Today, we proudly stand as the leading pet food manufacturer, shaping trends and setting new benchmarks. 🚀 The "Hub" of Possibilities: At CentralHub, we're not just manufacturers; we're architects of pet dreams. Our role as the industry "hub" transcends boundaries. We offer flexible OEM, ODM, and brand services, empowering businesses and individuals to bring their unique pet visions to life. 🔬 Innovation at the Core: Fueling our journey is an unstoppable force – our R&D prowess. The CentralHub team, a blend of in-house experts and visionary consultants, thrives on innovation. We're not just keeping up; we're setting the pace, ensuring your products stand out in the crowded pet market. 🌎 Beyond Borders: CentralHub isn't confined by borders; we've conquered them. With a fast and reliable delivery network, we've proudly exported to 26 countries, making CentralHub a global force in pet manufacturing. 🚀 Your Partner in Pet Success: Join forces with CentralHub, where success isn't just a destination; it's a journey we embark on together. As your trusted OEM and ODM partner, we're committed to elevating your brand, one paw at a time. 🌈 CentralHub - The Leading Name in Pet Manufacturing. Your Vision, Our Expertise! 🌈 #CentralHub #QualiryFirst #PetManufacturer #OEM #ODM #PetInnovation

#PetCare Market Transformation: Thrive Foods Acquires Canature. A landmark acquisition reshapes the competitive dynamics of the pet food industry as THRIVE PET FOODS LIMITED integrates Canature into its operations. A bold move securing a stronger foothold in the growing freeze-dried pet food market. Key Stratagems: 🐾 Enhanced Geographic Reach: A vital production facility near Vancouver adds to Thrive Foods' coverage, promising broader market access and improved distribution. 🐾 Integrated Expertise: Merging Canature's wet processing with Thrive's freeze-drying mastery hints at pioneering products for discerning pet owners. 🐾 Enriched Brand Portfolio: Canature's reputable brands join Thrive, signaling potential cross-brand innovation and amplified growth trajectories. Market Implications: $ The consolidation primes the pet food sector for a strategic realignment, as competitors might spur a wave of synergistic mergers. $ A cue for investors to eye companies exploring sustainable mergers, product innovation, and leadership consolidation strategies. $ With Mubadala Capital's backing, Thrive Foods exemplifies leveraging industry consolidation for stronger market command. Join us at Market Unwinded – Your guide through strategic ventures and emerging market trajectories in pet care investments. Read More: https://lnkd.in/dmP4vRT8 #PetNutrition #ThriveFoods #Canature #StrategicGrowth #MarketUnwinded #PetFoodIndustry #InvestorAlert

This is an insightful and interesting article from Richard Kestenbaum for Forbes about the status of the Pet Industry in the US—and very topical, too, as today is National Pet Day! Huge overall economic contribution in 2023 of $303bn, a 16% increase over 2022 - and according to the Bolen Group, weekly US sales of petcare products during February 2024 grew 3X faster than any other category of FMCG! Worth a read ....... #nationalpetday #petcare #petindustry

Pet Promo Pack Brings Pet Retailers and Manufacturers Together with a New Sampling and Distribution Opportunity   (Delray Beach, FL) March 13, 2024  -- Pet Promo Pack (www.petpromopack.com) announced today the launch of its new pet product retail sample box. The new box aims to bring pet retailers together with a curated selection of top pet brands. The new sample box allows pet retailers to discover new, emerging brands they would not normally see through their current distributors. It also allows pet brands to be exposed to and sell directly to hundreds of pet retailers across the country!   The Pet Promo Pack is shipped directly to one hundred (100) independent pet stores on a bi-monthly basis (different stores are shipped to every other month). This allows brands to increase awareness and helps a large sampling of retailers the opportunity to carry unique brands.   “We believe the Pet Promo Pack will be a game-changer for brand retailers,” says Tanya Hart, Founder of Augie Bones “For retailers, it’s all about offering something unique and innovative to their customers. Being included in the Pet Promo Pack opens doors for retailers to differentiate themselves in a competitive market and build lasting relationships with their customers.”   Several companies such as PetEyez, Chewmate, Healers PetCare and many more have chosen to participate in the Pet Promo Pack with great success.   The next available Pet Promo Pack shipment for Florida, Georgia, Alabama, Tennessee, and the Carolinas is closing now.   After the Southeast, the next box will ship to Colorado, Utah, New Mexico, Nevada, and Arizona Ships April 15th. Samples are required to be in to the company by April 1st.  Sign up for either or both boxes by visiting www.petpromopack.com. The cost is $399 per month. Save 10% by using code ‘JC10’ in the notes section of the signup. Retailers interested in receiving the box may also sign up at the company’s website. There is no cost to participating retailers.

Did you know that approximately 66% of US households own a pet? This week, our analysis of 72 pet food companies in the US revealed a strong market growth fueled by increasing pet ownership and a rising trend of humanizing pets, particularly among Gen Z and Millennial pet owners who prefer human-grade food for their pets over traditional options. PE-led interest has been significant, with ~64% of the identified assets being sponsor-backed. Herein, the rising pet ownership rates, a trend towards premiumization in pet food and the industry's resilience during economic downturns appeal to financial sponsors. On the other hand, challenges about state-specific regulatory hurdles and ingredient sourcing challenges from the shift in consumer preference are key detractors for investors. 301 INC, Alvarez & Marsal, Apax, Blue Horizon, BC Partners, CAVU Consumer Partners, Clearlake Capital Group, Caisse de dépôt et placement du Québec (CDPQ), Canaan, The Carlyle Group, Correlation Ventures, CPP Investments | Investissements RPC, CVC Capital Partners, Digitalis Ventures, Felicis, Forerunner, Founder Collective, Goldman Sachs Asset Management, Insight Partners, Inverness Graham, L Catterton, Leap Venture Studio & Academy, Left Lane Capital, Lerer Hippeau, Main Street Capital Corporation, PAI Partners, Primary Venture Partners, RiverPark Ventures, Shasta Ventures, SOSV, Summit Partners, SVA, TA Associates, Valor Capital Group, Wind Point Partners part are currently invested in the US pet food market. Interested? Read our full report: https://lnkd.in/gMcUF777 #petfood #pettreats #petsnacks #petcare #petsupplies #rawpetfood #animals #animalnutrition #privateequity #privatemarkets #dealsourcing

Though pet ownership has normalized to pre-pandemic levels, the US #petindustry has continued to reap significant rewards, earning it another strong year of performance. According to the American Pet Products Association (APPA)'s State of the Industry Report, total 2023 industry sales topped $147 billion in 2023, with #petfood accounting for 43% of these sales. Continue reading: https://ow.ly/R82n50R52aS #petfoodindustry

In 2020, the US pet care industry surpassed the $100 billion sales milestone, and years later has showed no signs of slowing down. Bloomberg Intelligence (BI) predicts that the US pet market will achieve $195.6 billion in sales by 2030. Get the full scoop on the latest #petfoodindustry trends, opportunities and challenges, as well as the latest category sales data, in our 2023 State of the Industry report: https://ow.ly/2Cxk50QgxMY