News from packaged facts A wide array of domestic and global news stories; news topics include politics/government, business, technology, religion, sports/entertainment, science/nature, and health/lifestyle.
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May 20, 2020, 10:04 ET Packaged Facts: Pet Tech Products Post Double-Digit Growth
Technological innovation continues to drive much of the activity in non-food pet supplies, with sales growth rates of pet tech products doubling or...
May 14, 2020, 10:26 ET Packaged Facts Analyst Weighs in on Uber's Reported Negotiations to Acquire Grubhub, a Move That Combines the First & Second Largest Online Foodservice Delivery Firms
On May 12, Bloomberg News first reported that Uber Technologies Incorporated (San Francisco, CA) was in negotiations to acquire Grubhub Incorporated...
May 13, 2020, 10:47 ET U.S. Foodservice Revenues to Decline 25% From 2019, But Will Rebound by 2024, Forecasts New Report by Packaged Facts
Although full-service restaurants have slowly been losing share of restaurant spending to less expensive and more convenient fast food and fast...
May 06, 2020, 11:40 ET Amidst Coronavirus, Connecting with Pet Owners Online is More Important Than Ever For Marketers
During the age of coronavirus, pet owners—like all Americans—are flocking online in droves due to store closures and stay-at-home and social...
Apr 27, 2020, 10:17 ET In Pet Market, Reptiles and Amphibians Are Making a Splash, reports Packaged Facts
Dogs and cats are the furry darlings of the U.S. pet market, but the reptile business has advanced as well over the past decade, spurred by a growing ...
Apr 20, 2020, 11:56 ET Packaged Facts: Coronavirus Will Curb But Not Halt the Billion-Dollar Point-of-Sale (POS) Financing Boom
U.S. consumers have for decades relied on a mix of credit cards, home equity lines, and personal loans when purchasing large ticket items, with the...
Apr 16, 2020, 15:16 ET Consumer Payment Card Usage During Coronavirus Pandemic Could Mirror the Great Recession, reports Packaged Facts
New consumer patterns in use of payment cards emerged in the wake of the Great Recession of 2008-2009. That crisis—being now being echoed by the...
Apr 08, 2020, 10:03 ET Food Gifting for Easter Could See Uptick Due to Coronavirus and Social Distancing, reports Packaged Facts
Best case scenario, the multibillion dollar U.S. food gifting market is expected to be hit less hard by the coronavirus-created economic uncertainty...
Apr 06, 2020, 11:20 ET Coronavirus Creates Challenges, but Also Opportunities for U.S. Food Gifting Market, forecasts Packaged Facts
Market research firm Packaged Facts forecasts U.S. consumer and corporate food gifting sales will reach nearly $22 billion in 2024, growing at an...
Apr 01, 2020, 11:26 ET Despite Pet Industry's Strengths, Coronavirus Pandemic to Cause a Projected 17% Sales Drop for 2020, reports Packaged Facts
The pet industry is famously recession resistant, coming through September 11, 2001 attacks and the Great Recession of 2008-09 relatively unscathed....
Mar 19, 2020, 10:06 ET Coronavirus Pandemic Curbs 2020 Revenues for Pet Care Services, reports Packaged Facts
The socio-economic impacts of the novel coronavirus pandemic are unprecedented in modern U.S. history and remain unpredictable, but some things are...
Mar 04, 2020, 10:38 ET U.S. Pet Market: The Paradox of Mass Retailers Outperforming Specialty Pet Stores, according to Packaged Facts
U.S. retail sales of pet products reached an estimated $55 billion in 2019, up 5% over 2018, reports market research firm Packaged Facts in the newly ...
Mar 02, 2020, 10:36 ET Packaged Facts: Global Meat Consumption on the Rise
Meat-eaters are increasingly selecting plant-based protein options rather than meat for health, environmental, and flavor reasons. Nevertheless, meat ...
Feb 24, 2020, 10:47 ET Cannabis and CBD Retail Market to Reach $33 Billion in 2024, according to Packaged Facts
U.S. retail sales of cannabis and CBD products reached $14 billion in 2019, and are on pace to increase 18% per year to $33 billion in 2024,...
Feb 18, 2020, 11:17 ET Packaged Facts: Global Breakfast Cereal Market at $35 Billion and Growing
American dietary influences are strong worldwide, which has led to an increasing focus on the Western diet. As a result, many historical staples of...
Feb 13, 2020, 11:27 ET Commercial Payment Cards Reach Tipping Point, reports Packaged Facts
The commercial payment card industry is at a tipping point, reveals market research firm Packaged Facts in the recent report Commercial Cards and B2B ...
Feb 11, 2020, 11:47 ET Cannabis and CBD at Retail: The New Branding Bonanza Growing in this $14 Billion Market, according to Packaged Facts
While CBD-infused foods and beverages remain largely the domain of small, independent marketers, cannabis multi-state operators (MSOs) serving both...
Feb 03, 2020, 11:18 ET Walmart and Supermarkets are Top Retail Choices for Buying Cat Litter in Omnichannel Pet Industry, Reports Packaged Facts
As is the case in most of the pet retail market, pursuing an omnichannel approach to selling cat litter is a necessity. With online shopping drawing...
Jan 28, 2020, 13:07 ET Spotify's New "Pawfect" Music Playlists Are In Tune With Pet and Pet Owners, reports Packaged Facts
If you like to put on music and do the cabbage patch with your kitty or dab with your dog, you're not alone. An international survey conducted by...
Jan 23, 2020, 10:37 ET Strong Veterinary Market Underpins Pet Medications, reports Packaged Facts
The veterinary market has a direct impact on the $9.8 billion U.S. pet medications industry, through both the dispersal of prescription and...
Jan 16, 2020, 11:07 ET Packaged Facts: Natural and Eco-Friendly Cat Litter and Pet Clean-Up Products Offer Fresh Opportunities
The pet industry has seen a sharply increased focus on health and wellness over the past decade, and as part of this trend pet owners are looking for ...
Jan 14, 2020, 15:19 ET Credit Card Users Increased 7% in Last Five Years, reports Packaged Facts
The percentage of credit card users in the U.S. has risen more than 7% from 2015 to 2019, according to Private Label Credit Cards in the U.S., 11th...
Jan 09, 2020, 09:57 ET Packaged Facts: 8 Growth Trends in the $4 Billion U.S. Pet Clean-Up and Odor-Control Market
U.S. retail sales of pet clean-up and odor-control products reached more than $4 billion in 2019, up from $3.5 billion in 2014, resulting in a 3.4%...
Jan 07, 2020, 14:18 ET Gen Z and Millennial Consumers Naturally Favor Organic Foods and Beverages, reports Packaged Facts
The prevailing demographic of organic consumers skews in two directions. Most obvious are consumers who are upscale (including higher educational...
Jan 06, 2020, 10:13 ET Veterinarians are Key to Better Pet Food Choices for Dogs and Cats, reports Packaged Facts
The pets-as-family dynamic has created ample opportunities for pet parents to spoil their fur babies with an array of premium foods, services, and...
