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Ryan Bethencourt @RyanBethencourt
, 10 tweets, 4 min read Read on Twitter
1/ PETS + MONEY: Everyone in the Consumer space is trying to figure out how and where the Pet Space is going. Pets? Yes, Pets and here's why...
2/The Pet space is LARGE and growing, in the US alone we spend $70 Billion this year in feeding our pets, globally the $100 Billion Pet market is growing rapidly, especially in China
cnbc.com/2018/06/06/how…
3/Pet Tech is booming @cbinsights has begun tracking the boom in both startups and investments over the last 1-2 years but the pace of evolution is happening so quickly that the Pet Tech Market map is already out of date @wildearthpets @animalbiome @embark and more are missing
4/ 2016-2017 Marked the start of a sea change in Venture capital investment in the emerging Pet Space
news.crunchbase.com/news/investors…
5/ 2018 started the venture mega-round trend in pets which we previously haven’t seen
news.crunchbase.com/news/investors…
6/ However, 2019 is likely to be the year that the whole space accelerates, not just pet care and food but both on more advanced human services AND an acceleration of the global pet market in China, Latin America AND India.
7/ Pet ownership in the US is 70%, nearly full penetration but what about China and India?
forbes.com/sites/pamdanzi…
8/ China’s Pet Food industry is also booming, reaching US$1.5 billion in sales in 2017. Its 27 percent compound annual growth rate was spurred by a robust 40.7 percent increase in online sales of pet food from 2016-2017
petfoodindustry.com/articles/7167-…
9/ India IS a hot market for Pets too! “About six lakh pet adoptions take place in India every year. The pet food industry is growing at the rate of 30%. I have noted 200% growth in sales in Bengaluru since our launch."
tech.economictimes.indiatimes.com/news/startups/…
10/ With a disruption of the US pet food market by new emergent brands and higher quality foods, a 30% growth rate in CHINA and a 30% growth rate in INDIA, 2019 will continue to be the year of the dog and we @wildearthpets are excited about the global future for our pets!
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