The restaurant industry has been struggling. With restaurant foot traffic experiencing six quarters in a row of year-over-year declines, restaurants tried to increase menu prices, but that hasn’t been enough to make up for the decline in guest counts. Growing competition and changing consumer preferences are the main factors driving the same-store sales decline. Delivery options, prepared foods in supermarkets, and delivered meal kits are all eating into the market share of chain restaurants.
In contrast to the restaurant industry, the pet industry is growing – and it is growing fast. The pet industry grew from $48 billion in 2010 to $70 billion in 2017, and is expected to grow to $96 billion by 2020. Download our whitepaper to learn why restaurant owners should consider the pet industry instead.