Europe Pet Food Market Forecast 2023-2032
KEY FINDINGS
The Europe pet food market growth is anticipated to progress at a CAGR of 7.22% during the forecast period, 2023-2032. The rising trend of premium and sustainable offerings provides growth opportunities.
MARKET INSIGHTS
Nordic Countries, the United Kingdom, Germany, Poland, France, Italy, Belgium, and Rest of Europe are assessed for the Europe pet food market growth analysis. As per the International Trade Administration, Italy houses over 60 million pets. These include fish, birds, small mammals, dogs, cats, and reptiles. Also, there is a favorable outlook toward pet care in the country in line with the increasing pet population. In addition, shifting consumer preferences are driving the premium pet food demands. There are pet adoption programs for fish, cats, bunnies, and dogs in the country. Besides, service digitization is attributed to major market developments, which further facilitate online adoption and purchase of additional services from vendor platforms.
In Belgium, the growing demand for premium and organic food products is attributed to the increasing pet health concerns, resulting in more food production. Also, pet humanization has raised the expenditure on food products with more nutrients, further raising the demand for organic food. In addition, pet owners are increasingly interested in the current trend of holistic and natural food products that ensure the incorporation of biological or natural ingredients without artificial preservatives.
Furthermore, the Poland pet food market growth is driven by increased disposable incomes, particularly among the middle class, growing urbanization, and rising nuclear households. Moreover, there is a huge demand for high-quality pet foods globally. Such factors drive market growth in these countries.
COMPETITIVE INSIGHTS
Some of the leading companies in the market include Affinity Petcare Inc, Wellness Pet Company, Freshpet Inc, Farmina Pet Foods, etc.
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• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
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• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
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