SDR Ventures：2023年下半年宠物行业并购报告（英文版）（13页）.pdf

1、THE DEAL HOUNDExplore M&A Activity,Capital Market Conditions and Current Trends for the Pet Industry2H 2023Investment Banking&Securities Offered Through SDR Capital Markets,LLC,Member FINRA&SIPC.720.221.9220|SDRVENTURES.COMTHE DEAL HOUND2H 2023 2H 2023|VOL 15|ISSUE 2720.221.9220|SDRVENTURES.COMInves

2、tment Banking and Securities Offered Through SDR Capital Markets,LLC,Member FINRA and SIPC.THE DEAL HOUND 2H23:WHAT TO KNOW M&AM&A activityactivity inin thethe petpet servicesservices andand productsproducts sectorsectorappearedappeared toto taketake a a breatherbreather inin 20232023,a a yearyear f

3、ullfull ofofquestionsquestions aboutabout a a potentialpotential recession,recession,inflation,inflation,andandinterestinterestrateratehikeshikes.RisingRisingcostscostsandanduncertaintyuncertaintysqueezedsqueezed bothboth consumersconsumers andand producersproducers.TheThe petpet serviceservice anda

4、nd productproduct marketmarket hashas traditionallytraditionallyshownshown resilienceresilience.PetPet ownershipownership ratesrates havehave risenrisen steadilysteadilyoverover threethree decades,decades,andand producersproducers continuecontinue toto innovateinnovateandand developdevelop sustainab

5、lesustainable foodsfoods andand packagingpackaging whilewhile newnewmedicalmedical treatmentstreatments attractattract investorsinvestors andand consumersconsumers.TheThe“humanization”“humanization”ofof petspets treatingtreating petspets asas truetrue familyfamilymembersmembers continuescontinues in

6、in thethe U U.S S.,butbut nownow werewere seeingseeingthesethese attitudesattitudes creepcreep intointo otherother markets,markets,includingincluding thethebigbig marketsmarkets ofof ChinaChina andand IndiaIndia.PetPet OwnersOwners StillStill Spend,Spend,ButBut ThoseThose WalletsWallets WereWere Squ