Sales of Pet Food Are Growing Faster Than Packaged Human Food Right Now

Foodmakers are finding dogs (and cats) to be their best friends.

When General Mills recently announced an $8 billion deal for Blue Buffalo Pet Products, maker of some of the top natural pet food brands in the U.S., it became the latest food giant to turn to four-legged consumers for growth.

In 2017, Mars bought pet care provider VCA for $9 billion, after snapping up Procter & Gamble pet food brands like Iams in 2014 for $3 billion. It also followed J.M. Smucker, which bought Big Heart Pet...

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