Europe Pet Food Market By Pet Type (Dog, Cat and Others), By Food Type (Dry Food, Wet Food, Treats & Snacks and Others), By Sales Channel (Specialized Pet Shops, Supermarkets & Hypermarkets, Online Sales Channel and Others), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
The Europe Pet Food Market would witness market growth of 3.8% CAGR during the forecast period (2021-2027).
Some of the growth catalysts for the pet food industry are growing pet humanization, increased pet ownership, and demand for remedial meals. Pet humanization is a relatively new trend that has led to a greater emphasis on the health, weight, and overall fitness of pets. As a result, there has been an increased demand for premium and super-premium pet food as the majority of the pet owners believe these are healthier for their pets.
Fruits and vegetables, animal products and derivatives, grains and oilseeds, vitamins, and minerals are all included in pet food ingredients. Calcium, fibre, protein, carbs, and other micronutrients abound in pet food ingredients. Grains and vegetables are commonly used, especially in dog food. Each element contributes to the enrichment of the animal's physique in some way.
As per the Mars Petcare State of the Pet Nation report 2020, around 72% people consider themselves as parents of their pets. Breeders and rescue centres reported a surge in inquiries from people looking for new pets after Covid-19 flipped the globe upside down in the first few months of 2020. Battersea Dogs and Cats Home rehomed more than twice as many pets in the week before the Britain's shutdown as it did in the same week last year.
The Germany market dominated the Europe Pet Food Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $7.6 billion by 2027. The UK market is expected to witness a CAGR of 3.1% during (2021 - 2027). Additionally, The France market is expected to witness a CAGR of 4.6% during (2021 - 2027).
Based on Pet Type, the market is segmented into Dog, Cat and Others. Based on Food Type, the market is segmented into Dry Food, Wet Food, Treats & Snacks and Others. Based on Sales Channel, the market is segmented into Specialized Pet Shops, Supermarkets & Hypermarkets, Online Sales Channel and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Unicharm Corporation (The Hartz Mountain Corporation), Farmina Pet Foods Holding B.V., Nestle S.A. (Nestle Purina), General Mills, Inc., Mars, Inc., The Colgate-Palmolive Company, The Wellness Pet Company (Clearlake Capital Group, L.P.), Schell & Kampeter, Inc., and Archer Daniels Midland Company.
Scope of the Study
Market Segments covered in the Report:
By Pet Type
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