ISmall-Business.net

Intelligent Business Solutions

  • Home
  • Strategy
    • Small Business Strategy
      • Combining Niches to Maximize Profit Potential
      • High Ticket Versus Volume Niche Selection
      • How to Know When to Cut a Business or Niche Loose
      • Never Put All Your Eggs in One Basket
    • Sales Strategy
      • Facebook Networking Versus Paid Advertising
      • Brainstorming a Successful Sales Funnel
      • Best Practices for Profitable List Building
      • Backend Sales Strategy Tips
      • A Better Way to Use Webinars for Profits
      • Creating a Welcome Email That Makes Money
    • Production Strategy
    • Human resource strategy
  • Management
    • Business action plan
      • 7 Things to Send JVs to Get Them Onboard
      • Don’t Make JV Promises You Can’t Keep
      • How to Host a Challenge and Maximize Profits
    • Small Business Management
      • Putting Profit Tasks First During Time Management
      • How Self Doubt Sabotages Your Financial Success
      • Repurpose Your Content to Save and Make Money
    • Business Management Topics
      • Fighting the Stigma of Failure
      • Figuring Out the Perfect Launch Date and Time
      • Bonus Creation That Catapults You to Leaderboard Domination
      • Do Customers Prefer Video or Text Courses
      • Minimize Your Risk of Refunds with These 5 Tips
      • How Often Should You Email Promo Material
      • Narrow Niche Domination
      • Perfecting the Launch Process for Increased Profits
    • Business Management Blogs
      • Nobody Expects a Perfect Expert
  • Ideas
    • Find business ideas
      • 5 Lucrative Non IM Niches
      • 6 Niches That Are Hot on Social Networks
      • Are PLR Stores a Viable Way to Make Money
      • How to Know If a Membership Site Is Right for You
    • Idea feasibility
      • How to Make Money Off a $7 Product
      • Recurring Income Options
    • 10 top business ideas
      • Could Coaching Bring in More Money Than Products
      • Individual Coaching Versus Group Coaching Profits
      • Building a Reputation as a Powerful Affiliate
      • Pinterest Profit Niches
    • Low cost business ideas
      • Making Money Off eBooks and Reports
  • Valuation
    • Business Valuation
    • Increase business valuation
      • Making Wise Investments in Tools to Further Your Business
    • Business Valuation Methods
    • Understand business valuation
  • About
    • About Me
    • Blog
    • Contact Us
    • Sitemap
    • Privacy Policy
  • Strategy
  • Supply Chain
  • Customer Focus
  • Entrepreneur
  • Biz Opportunities
You are here: Home / Entrepreneur / What Entrepreneurs Are Betting On in the Pet World in the Next Few Years

What Entrepreneurs Are Betting On in the Pet World in the Next Few Years

March 29, 2018 by Asif Nazeer Leave a Comment


Here’s a recap of the Global Pet Expo, including what I saw, what I hated and what I think owners will see in the coming years.


March 29, 2018

7 min read


This story originally appeared on This Dog’s Life

When it comes to figuring out what is happening in a space or what trends to keep your eye on, there is no better place to go than a massive convention. I went to one of the biggest in the dog world, the Global Pet Expo, in Orlando, Florida to see what owners can expect in the years to come – and what companies are betting on.

Similar to SuperZoo in Las Vegas, this is not a small show . . . whatsoever. Held at the Orange County Convention Center, there were more than 3,000 booths, 1,000 exhibitors and approximately 16,000 attendees. Covering 16 football fields worth of products (or about 340,000 square feet), I was foolishly optimistic when I thought I could walk the entire show in one day. (I only made it to the halfway point.)

Image Credit: Global Pet Expo

 

So, here is my take on the expo – including what I saw, what I hated and what I think owners will see in the coming years. While it wasn’t just about dogs – there were also products for cats, fish, ferrets and even chickens – the majority was devoted to pups. And rightfully, so. There are approximately 60 million households in the U.S. that have a dog, 90 percent people think of their pup as more than a pet (meaning more money to be spent) and dogs are living longer.

Dog food is no joke.

Image Credit: Pet Tao | Twitter

It seems like every day a new dog food company is popping up. And at the GPet Expo, I saw hundreds of companies trying to get Fido to eat their food. Why is it such a big opportunity? Because once a dog food company gets an owner as a customer, it has the person for life. (How often do you switch food?) Needing to feed your dog every day is also, I am guessing, one of your highest expenses, meaning these companies can make a lot of moula off of you. But with all this upside for companies, there is a lot of competition. The companies at the Pet Expo were not just peddling any old dog food. They weren’t even peddling “natural” dog food. Companies were marketing their food using lingo like “single-protein,” “fresh ingredients,” “supplement boosts,” and “human grade.”

Speaking of dog food, it is going to get more and more advanced.

I stopped at the Hill’s Booth to see what its virtual reality experience was about (more of that in a sec.), and while I was there, I talked to one of the representatives about trends in the dog world. Shown to me was Hill’s line of anti-aging dog food called Youthful Vitality. Yep, there is anti-aging products even in the dog world. The company has apparently targeted what dog genes are impacted by aging and determined that by age 7, nearly all dog’s biology changes. So, they created a dog food that helps fight the effects of aging – everything from deteriorating brain function, immune system and energy levels. I am not advocating for Hill’s, as I don’t what the outcomes are and need to look more into the ingredients, but I do think it is fascinating that companies are getting more advanced in food technology.

VR is a thing in the pet world.

As for the virtual reality experience, this is what drew me to Hill’s booth in the first place. I was curious how a pet company was integrating VR into its offering – and was it a PR stunt, or was it something really interesting.

Surprisingly it was the latter. The VR experience showcased what it was like for the beagles that test out the dog food for Hill’s. To be completely transparent, I am skeptical of the big-name dog food companies. Reason? I think a lot of them lack transparency and engage in shady manufacturing processes (just read Truth About Pet Foods to get a better sense). So, when Hill’s VR experience allowed someone to see the facility where these dogs live, I was curious. First, it is on 80 acres in Colorado – and honestly, from the experience it looked pretty nice. The company invests a lot of money in these pups, as they need to be healthy and happy and live just like a dog at home (to gather accurate data of a pet’s natural routine). What this means is they get social interaction, are able to romp around in the sun, choose their sleeping buddies and play with toys. It was pretty impressive.

Related: What to Expect When You’re Expecting a Puppy

What I was not impressed with at all was Purina. The huge corporation used puppies as a ploy to get people to come over to their already massive (and impressive) booth. Why even use puppies? The puppies (8-10 weeks old, according to an employee) were put in these clear, square blocks at hand level. There were at least six per box. With tons of people passing through, the puppies were touched by hundreds of people every single day. Not only is this germ central for dogs who haven’t received all their vaccinations but also super stressful. I give it the thumbs down. 

CBD products were everywhere.

Just like humans are getting in on the cannabis market, so are our dogs. While CBD (cannabidiol) is derived from hemp and other cannibis plants, it does get your dog’s high. (This happens with psychoactive tetrahydrocannabinol, not CBD.) Rather, CBD is used to treat all sorts of ailments –from arthritis to anxiety and seizures. I haven’t tried them out for myself, but from the stories at the expo, along with anecdotes on This Dog’s Life, I am not opposed to it.

While it is making waves in the dog world, there are hurdles — one being the name CBD. According to CBD dog-treat company Treatibles, a London business is in the process of trademarking CBD, meaning all these other businesses will need to do a complete overhaul in their branding.

Related: This Gadget Thinks It Can Measure Your Dog’s Emotions With the Wag of a Tail

Dog tech continues to grow.

Just like we are trying to make ourselves, homes and cars “smart” by using technology to improve our lives, companies are doing the same thing in the dog world. It used to just GPS tracking on “smart collars.” Then, companies added cameras, exercise and bark monitoring, diet features and more. Now, businesses are looking to make the entire dog experience high tech.

For instance, Pet Kit has tiny dog beds that can be cooled or heated depended on the temperature in the room. It also has infrared lights to track when your dog comes and goes. Or Petzi Treat Dispenser, which allows owners to give biscuits anywhere by way of an app. People can see their pup’s reaction thanks to the camera on the dispenser, speak to their dog through a microphone or snap a pic.

And then there is the company that wants to do it all. Wagz, which has been in stealth mode for a few years before releasing a smart collar, is getting ready to roll out its line of smart tech. The company’s slogan is “a completely connected pet lifestyle” — and that is what they are planning on doing. Having raised about $6 million, Wagz created a unique ID tag to attach to either their collar or your own and can connect to its water bowls (measure intake, while also providing multi-vitamins), food dispenser (to feed your dog when you are running late), dog door (for bathroom breaks) and we are guessing much more. Besides the smart tech capabilities, Wagz is rolling out dog food, too, delivered in boxes, rather than bags, making it easier (and less costly) to ship.

After the show, it seems like in the coming years there will be a lot more transparency expected for brands, along with owners looking for new, innovative and healthy ways to make their dogs’ life better.

Related: At Launch Event, Startup Nuzzle Shows Off Its Smart Collar – One That Has No Subscription Fee



Source link

Filed Under: Entrepreneur

About Asif Nazeer

My current sphere of interest is Internet Marketing - Worked for many years in finance and banking. I now consult for small businesses and starts ups. Also involved in venture capital for new companies.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign up for our newsletter and receive a free EBook on how to boost productivity






Find it

Blog By

Small Business Consultant and Accountant helping grow your small business Read More…

Follow us online

  • Email
  • Google+
  • LinkedIn
  • Twitter

Recent Posts

The Benefits of Having an Outdoor Kitchen – Running Your Business

Featured image source If you own a home-based business, upgrading your home … [Read More...]

  • A Guide to Consider Before You Start – Ideas
  • Advantages and Disadvantages of Different Roofing Types – Business
  • Enjoy the Benefits of a Kitchen Remodel – Home Based Business

Archives

  • April 2021 (14)
  • March 2021 (40)
  • February 2021 (39)
  • January 2021 (58)
  • December 2020 (66)
  • November 2020 (59)
  • October 2020 (38)
  • September 2020 (47)
  • August 2020 (37)
  • July 2020 (2)
  • May 2020 (1)
  • April 2020 (1)
  • March 2020 (33)
  • February 2020 (25)
  • January 2020 (20)
  • December 2019 (27)
  • November 2019 (28)
  • October 2019 (34)
  • September 2019 (38)
  • August 2019 (13)
  • July 2019 (44)
  • June 2019 (40)
  • May 2019 (58)
  • April 2019 (51)
  • March 2019 (43)
  • February 2019 (44)
  • January 2019 (43)
  • December 2018 (47)
  • November 2018 (43)
  • October 2018 (58)
  • September 2018 (44)
  • August 2018 (60)
  • July 2018 (49)
  • June 2018 (58)
  • May 2018 (54)
  • April 2018 (39)
  • March 2018 (46)
  • February 2018 (48)

Biz Opps

Featured image source If you own a home-based … [Read More...]

Featured image by Alexander Fife on Unsplash So … [Read More...]

Featured image by Jack … [Read More...]

Customer Focus

First published in Exchange, the magazine of the … [Read More...]

Entrepreneurs

Uptown Cheapskate is a resale store for young … [Read More...]

A team of neuroscientists in the United States … [Read More...]

This article was translated from our Spanish … [Read More...]

Strategy

If you buy something through our links, we may … [Read More...]

In helping celebrate Black History Month, Facebook … [Read More...]

ZOHO started its current Email Marketing Basics … [Read More...]

Supply Chain

Although managing inbound shipping can be … [Read More...]

© Copyright 2015 iSmall-Business.net · All Rights Reserved · Powered by ISmall-Business.net · Admin