The
Europe
pet food market is expected
to exhibit a moderate CAGR of 1.30% within a forecast period from
2015 to 2021. The market was recorded at US$25.7 bn in 2014. By the
end of 2021, the Europe pet food market is expected to reach US$28.1
bn, as stated in a research report released by Transparency Market
Research, titled “Pet Food Market - Europe Industry Analysis, Size,
Share, Growth, Trends and Forecast 2015 - 2021.” The report
provides an accurate analysis of the macro and micro factors that
influence this market, including socioeconomic factors.
The
pet food market has been segmented by pet type into dog food, cat
food and others. The others segment includes fish food, bird food,
reptiles and other small animals. The cat food segment held the
largest market share in Europe. Increasing trend for nuclear families
coupled with demand for small pets is one of the major factors
boosting the demand for cat food in Europe. In terms of food type the
pet food market has been segmented into wet/canned food, dry food,
nutritious food, snacks/treats and others. Raw meat and other
household products are covered within the scope of others segment.
However, the others segment including reptile food, bird food, fish
food and other small pets is the fastest growing segment in pet food
market in Europe.
The
Europe pet food market is segmented according to food type, pet type,
and country, for the sake of a simpler yet descriptive grasp over the
market dynamics.
On
the basis of food type, the Europe pet food market is being led by
the dry food segment. This segment is expected to be valued at
US$11.1 bn by the end of the report’s forecast period. Meanwhile,
the fastest-growing food type segment is nutritious food, exhibiting
a CAGR of 2.70% in the given forecast period.
In
terms of pet type, the pet food market in Europe is segmented into
cat food, dog food, and others including fish food, bird food, food
made for small animals, and reptile food. Amongst these, the segment
of others is the most swiftly expanding segment, growing at a 2% CAGR
between 2015 and 2021. On the other hand, the segment of cat food
held the biggest share in the market. The rising preference for small
pets is amongst the key factors stimulating the demand for cat food
in Europe. The cat food segment stood at US$11,957.3 million in 2014
and is predicted to maintain a consistent growth rate in the
forthcoming future.
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The
report considers seven major regions in the Europe pet food market.
Among these regions, the U.K. held the largest share in the market in
2014. The report, however, states that the U.K. pet food market is
expected to show a very slow growth rate, owing to a saturated
market, with most consumers opting for top and credible players.
On
the other hand, Spain is showing a rapid growth rate in the Europe
pet food market. It is exhibiting a CAGR of 1.90% in the given
forecast period. Spain is showing a rapid growth rate due to the
rapidly increasing consumer awareness about different types and
brands of pet food.
Another
region considered as a prime location for sales in the Europe pet
food market is Italy. However, market saturation and high inflation
rates are causing Italy to progress at a CAGR of just 0.1% from 2015
to 2021.
The
key players in the Europe pet food market are Pedigree Whiskas,
Nutro, Cesar, Big Heart Pet Brands, Purina, Colgate-Palmolive,
Affinity Petcare, and Nestle S.A.
Key
segments of the Europe Pet Food Market
Europe
Pet Food Market: By Country
- U.K.
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
Europe
Pet Food Market: By Pet Type
- Dog Food
- Cat Food
- Others
Europe
Pet Food Market: By Food Type
- Dry Food
- Wet Food/ Canned Food
- Nutritious Food
- Snacks/Treats
- Others
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