PetFood News & Analysis
2 articles
Market Mood
Pedigree (MARS) Dog Food Recall Due to Sharp Contamination Risk
Pedigree, a brand owned by Mars, Inc., has recalled dog food due to potential contamination with sharp metal and plastic pieces. This recall involves products sold nationwide and is associated with serious choking risks for pets. Specific details regarding batches or quantities affected were not provided in the articles. This recall matters for markets as it could impact consumer trust and sales in the pet food industry, potentially affecting the performance of Mars, Inc. (MARS).
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Umios (formerly Maruha Nichiro) Acquires 51% of Pet World International
Umios (formerly Maruha Nichiro) has acquired a 51% stake in Malaysia's Pet World International (PWI) for Y11.4bn ($70.4m), entering Southeast Asia's pet-food market. PWI holds the second market share in dog and cat food in Malaysia, with net sales of Y12.4bn in the last year and a compound annual growth rate (CAGR) of 11.3%. Umios aims to leverage its procurement capabilities to enhance PWI's operations and expand its product offerings, particularly into dry dog food. The Southeast Asian pet-food market is noted as the fastest-growing in Asia, with sales in the Philippines and Thailand growing at a CAGR of 10%.
Read More: Umios (formerly Maruha Nichiro) Acquires 51% of Pet World International