, May 29, 2018 ) Europe Pet food market
has been estimated at USD 20.39 Billion in 2016 and is projected to reach USD 23.80 Billion by 2021, at a CAGR of 3.15% during the forecast period from 2016 to 2021. Pet food is the feed given to the pet animals, which include animal or plant material. The vitamins and minerals found in every bag of pet food work together to keep the animal’s immune system and metabolism functioning normally. Without adequate nutrition, the animal would not be able to maintain muscle tone, build and repair muscles, teeth, and bone, perform normal daily activities with ease or fight-off infection.
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Growing demand for readymade animal feed products with various environmental and economic benefits such as low water requirements and low maintenance cost is driving the demand for pet food in Europe. Stringent regulations supporting the use of high quality and nutritious food for pets and high costs of feed products and raw materials are said to constrain the pet food market growth.
Europe market for Pet food is segmented into ingredients, animal type and geography. Each of these segments are further sub segmented into, Ingredient: Animal Derivatives, Fish derivatives, Fruits & Vegetables, Cereals & Cereal by-products, Fats & Oils, Vitamins & Minerals, Additives; Animal: Dog, Cat, Bird, Other animals.
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Geographically Europe market for is Pet Food is segmented into Spain, Germany, Russia, France, Italy, and UK. Europe is the second largest market for pet food in the world with a market share of 27%. UK is the largest market for Pet food industry in this region followed by France. Germany is the fastest growing market for pet food within this region.
The Europe pet food industry is highly concentrated with ten major players together accounting for more than 50% of the market share and remaining market share distributed among the large number of small manufactures. Mars, Inc., Del Monte Foods, Hills Pet Nutrition, INC, Unicharm Corporation, Nippon Formula Feed Manufacturing Company LTD, Pet Center, Incorporated (PCI), Nestle Purina Pet Care, Nisshin Saifun Group INC. Natural Dog Food Company, Halo, Purely for Pets, Marukan CO. LTD., Nutrena, and Spectrum Brands, INC. are the major companies in the market.
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