STIC - Pet care among industry winners in pandemic; stocks to watch

December, 28 2020 02:26 PM Northern Star Acquisition Corp. Class A

Besides driving e-commerce retail sales, home improvements/furnishings sales, the 2020 pandemic has led more homebound Americans to get pets with 67% of U.S. households now owning a pet as per 2019-2020 National Pet Owners Survey by the American Pet Products Association.With consumerism on the rise, investors and companies also looked to cash in the industry gain.GM Insights indicates U.S. pet care industry 2019 valuation at $95.8B with pet owners preferring fresh, nutritionally rich, and branded pet food, thereby spending extensively on pet care.Global pet care market size is valued at $223B+ in 2019 and is expected to record a CAGR of 5.9% from 2020 to 2026.Market research provider Euromonitor International indicated e-commerce sales grew at an impressive 30% rate from 2018 to 2019; Packaged Facts projects online sales to account for 27% of all pet product sales in the U.S. by the end of 2020, and 35% by the end

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Pet care among industry winners in pandemic; stocks to watch

Company Name:	Northern Star Acquisition Corp. Class A
Stock Symbol:	STIC
Market:	NYSE

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