Global
Pet Food Market: Snapshot
Europe
has emerged as a prominent market for pet food across the world,
thanks to the increasing number of pet owners in this region. The
rising trend for nuclear family and the high disposable income of
consumers have been leading to a positive growth of the Europe market
for pet food. The increasing need for pet specific products across
Europe is also reflecting on the demand for pet food products in
European countries. A varied range of distribution channels, such as
supermarket/hypermarket, online stores, and dollar stores, sell pet
food products across this region.
In
2014, the Europe
market for pet food was worth US$25.70 bn. Progressing at a
CAGR of 1.30% during the period from 2015 to 2021, the opportunity in
this market is anticipated to increase to US$28.14 bn by the end of
2021. The rising awareness among people pertaining to pet health will
drive this market substantially over the next few years.
Demand
for Cat Food to Remain Strong
The
Europe market for pet food is broadly evaluated on the basis of the
type of pet and the type of pet food. Based on the type of pet, the
market is classified into dog food, cat food, and various other food
consumed by birds, fish, reptiles, and other small animals. The
demand for cat food has been higher in Europe. Researchers expect the
cat food segment to continue to witness stable growth over the next
few years. The rising popularity of small pets in this region is the
main factor behind the high demand for cat food in Europe. Other pet
foods, such as fish food, bird food, and reptile food, are also
predicted to experience an increasing demand in the years to come.
By
the type of food, the market is categorized into nutritious food,
wet/canned food, dry food, snacks/treats, and other types of food,
including raw meat. Currently, dry food enjoy the most prominent
demand among pet food in Europe. The trend is anticipated to remain
so over the next few years. The demand for nutritious pet food is
also projected to report an upswing in the near future, thanks to the
increasing level of awareness regarding its benefits on the health of
pets.
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Spain
to Report Strong Growth Pace
The
Europe market for pet food registers its presence across the U.K.,
France, Netherlands Germany, Spain, Italy, and the Rest of the
Europe. The U.K. has surfaced as the leading pet food market in
Europe in the recent times; however, it is expected to witness a
sluggish rise in the years to come. Spain, on the other hand, will
display a higher growth pace over the next few years, thanks to the
rising count of pet owners in this country. Italy, France, and
Netherlands will also report a healthy rise in their respective
markets for pet food in the near future.
At
the forefront of the Europe market for pet food are Pedigree Whiskas,
Purina, Nutro, and Cesar. Other prominent pet food vendors across
Europe are Mars Inc., Colgate-Palmolive, Nestlé S.A., Big Heart Pet
Brands, and Affinity Petcare.
