| The Opportunity
Canada's pet population reflects one of the key demographic trends of Canada's
human population: an ageing baby boom population with a relatively high average age.
Studies by the Canadian Veterinary Journal released in 2009 indicated that one third
of all Canadian dogs were over eight years old, qualifying them as being of senior age,
while 35% were aged between four and seven years old. Considering the average
lifespan of pets for the majority of breeds is between 10 and 12 years, the current pet
population in Canada is relatively old.
As with humans, the onset of old age leads to health conditions in animals that will
inevitably have repercussions for their food intake. Ageing often leads to a decrease
in physical activity, and food portions must be adjusted accordingly to lower the
calorie intake. At the same time, the digestive tracts of pets become less effi cient at
absorbing all necessary nutrients. In many cases a dietary supplement is recommended
to be added to their regular food intake. For pets with more sensitive stomachs
or allergies, some pet owners may even need to switch to different food formats or
formulas that are easier for their pets to digest. Conditions such as hip and joint
problems, paralysis, cancer and diabetes are increasing as more and more pets age.
For pet retailers, the ageing pet population coupled with a more knowledgeable
general public opens up an opportunity for the sale of new healthier and fortified
products, which can take the form of both preventative care as well as treatments
for those with existing health and dietary issues. All this creates further specialized
segmentation in pet food and care products opening up new business opportunities
to tap into consumer demand for these products.
The increasing awareness of the importance of eating healthy, purer and more
balanced food in the human diet has led to an increase in spending by pet owners
seeking the same higher quality food for their pets.
Canadian pet owners are becoming increasingly knowledgeable about the dietary
needs of their pets and pay more attention to the nutritional information, which is
printed on pet food labels. They are turning more and more to sophisticated, healthier
and expensive pet food as a preventive measure resulting in a more pronounced tilt
towards premium dog food.
This increase in segmentation where specifi c foods and products are
manufactured for specifi c dietary conditions has led to the pet retailer needing to be
more knowledgeable about the products they sell in order to satisfy their customers
needs. The Bone and Biscuit Company fulfi lls this need. By being a specialized "boutique" pet retailer focusing only on the best products and ensuring that all our
staff are highly trained and responsive we can offer a service often lacking in the larger
mega stores. Our aim is to be part of the pet community in our local area and beyond
and to form a lifetime connection with pet and owner.
The Bone and Biscuit business model focuses on building and marketing our
growth directly through our customer relationships. We aim to deliver education
and knowledge of product in every interaction with our customers. Central to this
strategy is having a thorough understanding of how our specialty higher-grade foods
are manufactured, what they contain, which product does what and ultimately how
they impact the health and quality of life of their pets.
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