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General Mills Buys Tyson Foods’ Pet Treats Business For $1.2 Billion, As Pet Adoptions Accelerate During The Pandemic

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American Pet Products

Association also said the U.S. pet industry generated more than $100 billion in sales last year for the first time in history. Of the total $103.6 billion in sales recorded in 2020, pet food represented $42 billion in sales, a 9.7% increase from the prior year. Steve King, president and CEO of APPA, expects sales to grow by 5.8% this year, well above the historical average of 3% to 4% annual growth.That’s how big the global pet food industry is expected to be valued at by 2027, up from $86.

 

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