Q2 2022 Pet Trends Report August 2022 Prices of pet care products are higher than they’ve been in decades, but consumers don’t intend to change how they shop and care for their pets. Copyright 2022 Nielsen Consumer LLC. All rights reserved.Q2 2022 Pet Trends Report Pricing trends How Q2 2022 fared against in?ation In 2021, depending on the need, availability, and “how essential” the products were during the peak pandemic months, certain consumer goods categories saw dramatic upswings in sales gains while others experienced losses. Pet care, speci?cally, witnessed dramatic growth—up double digits for the year—due to a surge in new pet ownership during the pandemic. New pet owners equaled new buyers and higher pet care category sales during 2021. In the 52 weeks ending March 27, 2021, U.S. shoppers spent nearly $60 billion on total pet care products, up 15.7% compared to 2020. 1 But in?ation is a di?erent story. The Bureau of Labor Statistics reported in?ation increased 9.1% in June compared to a year ago. The price of gasoline and groceries headlined the record in?ation ?gures and the pet care category hasn’t been immune to price hikes during this period either. 1 Source: N