NIQ Enhancing Coverage of Pet Category
The new endeavor integrates pet retail segments, including conventional retailers, specialty pet retailers, farm and feed stores, neighborhood pet shops, online platforms, and pure-play e-commerce retailers.
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“This comprehensive channel offers a full view of the pet market, covering in-store and online sales across pet consumables and supplies,” said Raha Alavi, SVP Retail with NIQ. “It will empower manufacturers and retailers with critical insights, enabling innovation and understanding pet owners’ evolving needs.”
NIQ officials said understanding the $83.3 billion omnichannel pet market is crucial, especially with 40% of pet care sales now occurring online. Many shoppers continue to utilize a blended approach to pet care shopping, combining online and in-store experiences.
Gen Z consumers, for example, start shopping online and are heavily influenced by social media, yet spend more in mass merchandise stores than any previous generation.