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March 24, 2021

Canadian pet-food firm Jupiter partners with local peer Food 4 Pets Canada

Canadian pet-food company Jupiter has entered a partnership with a local peer to offer wet and dry options.

By Dean Best

Canadian pet-food company Jupiter has entered a partnership with Food 4 Pets Canada as they seek to establish a position in both dry and wet dog and cat foods.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
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Quebec-based Jupiter was set up in 2019 by two family-run businesses – Canadian poultry processor Groupe Inovo and Groupe Legault, which owns the Mondou pet-store chain. The company is building a production facility in the city of Drummondville which is expected to be up and running by the end of the year for its dry food range.

Food 4 Pets Canada is a wet pet-food manufacturer founded in 2017 in the town of Acton Vale, also in Quebec, and supplies customers in the US and Canada, and also Europe.

“By pooling their respective strengths, our two companies will give rise to a major manufacturing group in the pet-food industry,” Jean-Philippe Désilets, a founding partner of Jupiter, said in a statement today (24 March).

just-food has contacted Jupiter for more specific details on the transaction between the two parties, including the terms of the agreement.

Dominique Martin, the president and founding partner of Food 4 Pets Canada, added: “This partnership will enable Jupiter and us to offer our respective customers a combination of wet and dry food, practically under one roof. This alliance will also give us a preferential position in the North American market.”

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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