Page 18 - PET worldwide issue 01/2023

Markets

Tommaso Cappato, research
analyst at Euromonitor Inter- Challenges, risks and
national, on the podium in
opportunities
Bologna.

Inflation, global warming and the war in Ukraine are having a

considerable impact on the international pet supplies business.
Tommaso Cappato addressed these issues at the International
Pet Conference in Bologna.

Inflation and diminishing dis- and manufacturers, coinciding pandemic. “The pet sector is a
posable income pose the big- as they do with a decline in the recession-resistant but not a
gest challenges to consumers pent-up demand following the recession-proof segment,” ex-
plained Tommaso Cappato, re-
search analyst at Euromonitor In-
Price increase for raw materials ternational, on the podium in Bo-
(July 2021 to July 2022; in per cent) logna. In other words, although
EU World the pet sector will be affected by
the consequences of inflation,
62 60 global warming and of course
the war in Ukraine, the impact
will not be enough to trigger a
32 downward economic trend.
20
Strong influences
The Russian war of aggression in

Wheat Meat Ukraine has influenced the availa-
bility and price of raw materials in
Quelle: Euromonitor International particular. Cappato reported on a

18 PET worldwide 1|2023

PWW2023-01_Buch.indb 18 31.01.2023 16:17:51