Market Overview:

Europe Pet Food Market was valued at USD 22.39 billion in 2019 and is estimated to reach USD 26.15 billion by 2024, with a current CAGR of 3.15% throughout the forecast period. Pet foods are very digestible and allow the pet to absorb more nutrients. Due to the quality nutrients, premium pet foods assist in keeping their skin healthy. They will also assist in avoiding issues involving food allergies, sensitive stomach, obesity and hip and joint stiffness in domestic animals. Without adequate nutrition, the animal would not be able to maintain muscle tone, build and repair muscles, teeth, and bone, perform routine daily activities with ease or fight-off infection. 

 Market drivers and restraints:

The European pet food market is driven by the consumer awareness related to the advantages of high-quality pet food, rise in the adoption of pets, growth in the nuclear families, concern for the health of pets, and increase in palatability of pet food. On the other hand, aspects like strict government rules on the prices of raw materials and feed products may limit the expansion of the market in this area. 

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Report segmented as:

By pet:

Dogs
Cats
Other
By food:

dry food
wet/canned food
treats & snacks
others
By sales channel:

specialized pet shops
internet sales
hypermarkets
others
Geographical analysis:

Based on region, the Europe market for Pet Food is segregated into Spain, Germany, Russia, France, Italy, and UK. Europe is the second biggest market for pet food in the globe with a market share of 27%.

Important market players:

Some of the major players operating in the market include The J.M. Smucker Company; The Hartz Mountain Corporation; Mars Incorporated; Hill’s Pet Nutrition, Inc; Nestlé Purina; Lupus Alimentos; Total Alimentos SA; Blue Buffalo Pet Products, Inc.; WellPet LLC; and Diamond Pet Foods, Purely for Pets, Marukan CO. LTD., Nisshin Saifun Group INC., Natural Dog Food Company, Halo, and Del Monte Foods.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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