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.
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.
This market research study analyzes the Pet Food Market in Europe, and provides estimates in terms of revenue (USD million) from 2015 to 2021 as well as volume in terms of kg million from 2015 to 2021. It recognizes the current market trends affecting the pet food market and analyzes their impact over the forecast period. Moreover, it also analyses the Average Selling Price (ASP) in various product segments across various countries.
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 dry food segment held the largest market share in pet food market in Europe. Ease of handling and lower prices compared to other segments is one of the major factors boosting the demand in the dry food segment. Apart from this, added nutritional value in the dry food segment is also expected to boost the demand for dry food in Europe. However, the nutritional food segment is the fastest growing segment in Europe. Increasing awareness about pet health is one of the major factors boosting the demand in the nutritional food segment. In the coming years, with increasing concern the demand for nutritional food is expected to reach considerably.
The pet food market in Europe has been segmented by country into, U.K., Germany, France, Italy, Spain, Netherlands and rest of Europe. U.K. is the largest market for pet food in Europe. Increasing demand for pet specific products is one of the major factors boosting the demand in U.K.. Apart from this, nutritional food segment is the fastest growing segment in U.K.. Increasing awareness about pet health among the pet owners is one of the major factors boosting the demand for nutritional food in U.K.. However, Spain is the fastest growing market in Europe. Increasing trend for nuclear family is one of the major factors boosting the demand for pet food in Spain. Apart from this, increasing awareness about pet health is also boosting the demand for pet food in Spain.
The report also analyzes macro economic factors influencing and inhibiting the growth of pet food market in Europe. In addition, the report also provides Average Selling Price (ASP) across all the product segments in countries analyzed in the course of research. The report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly.
This report provides strategic analysis of the Europe pet food market, and the growth forecast for the period 2015 to 2021. The span of the report includes competitive analysis of various market segments based on the pet type, food type and in-depth cross sectional analysis of the pet food market across different countries.
In the report, the market has been segmented by food type, pet type and by country. The study highlights current market trends and provides the forecast from 2015 to 2021. We have also covered the current market scenario for the pet food market and highlighted future trends that will affect demand. By country, the market has been segmented into U.K., Germany, France, Italy, Spain, Netherlands and rest of Europe. The present market size and forecast until 2021 have been provided in the report. In addition, the report also provides brand share of the major brands in the countries covered within the scope of research.
The Europe Pet Food Market has been segmented as:
Europe Pet Food Market: By Country
- Rest of Europe
The report provides a cross-sectional analysis of all the above segments with respect to the below mentioned countries.
Europe Pet Food Market: By Pet Type
Europe Pet Food Market: By Food Type
- Dry Food
- Wet Food/ Canned Food
- Nutritious Food