“pet Health And Wellness: European Insurance For Animal Companions” – The report covers the European pet food market and industry manufacturers and is segmented by product type (dry pet food, wet pet food, medical food, medical/snacks and organic products), animal type (dogs, cats, birds and other animals). etc.), type of ingredients (derived from animals, plants, cereals and grain derivatives and other types of ingredients), sales channels (special pet stores, online sales, hypermarkets and other sales channels) and geographical locations (Germany, England, France) , Spain, Russia, Italy and the rest of Europe). The report offers the animal feed market size and value estimates (US$ million) for all the above-mentioned segments.

Animal feed market size in Europe is valued at USD 37.60 billion in 2023 and is expected to reach USD 46.85 billion in 2028, growing at a CAGR of 4.50% during the forecast period (2023-2028).

“pet Health And Wellness: European Insurance For Animal Companions”

Pet food is defined as plant or animal food specially formulated and intended to provide complete and balanced nutrition for domestic animals.

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The pet food market in Europe is segmented by product type (dry pet food, wet pet food, veterinary food, sweets/snacks and organic products), animal type (dogs, cats, birds and other animal species), ingredient type (animal) . -product, plant, grain, grain derivatives and other ingredients), sales channel (special pet stores, online sales, hypermarkets and other sales channels) and geography (Germany, England, France, Spain, Russia, Italy and the rest of Europe). The report offers the animal feed market size and value estimates (US$ million) for all the above-mentioned segments.

This section looks at the key market trends shaping the animal feed market in Europe, according to our research experts:

An aging population living alone, a decline in family ties, and financial stability are factors that are driving the rise in animal adoption and increasing interest in proper animal nutrition among seniors. The twin factors of increased pet ownership among Millennials and baby boomers are contributing to increased pet ownership in the region, especially for cats and dogs. According to the European Animal Feed Federation (FEDIAF), the number of cats and dogs increased from 188.9 million in 2018 to 206.4 million in 2021. Across Europe, 26% and 25% of households own cats and dogs, respectively. Therefore, due to increasing pet parenthood, pet food manufacturers are offering premium products aimed at pet owners, which is expected to contribute to significant market growth during the forecast period. The rapid pace of economic and social change can be attributed to the pet ownership trend. The pet food market closed the pet market. The growth of cities leads to fragmentation of large households and separation from nature. These are often related to the desire for pets. Therefore, increasing pet ownership trend due to increasing per capita spending on pets in European countries is expected to boost the pet food market in the region.

Cats continue to dominate the European market as highly owned pets compared to other pets. According to various studies, the popularity of cats in the region has continued to increase over the past century. Cat owners have outnumbered dog owners, reflecting the relative ease of keeping a cat as a pet in today’s modern lifestyle. By 2021, according to the Federation of the European Animal Feed Industry (FEDIAF), the cat population in the region will exceed 20 million pets, with Russia having the largest cat population, followed by Germany and France. The increase in livestock numbers in these regions is expected to drive the pet food industry to the European market. With the increase in cat owners in the region, cat food continues to be the most popular pet food.

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As consumers prepare to spend more on healthy, nutritious pet food and improve their lifestyles, the company offers more and more popular products and introduces new products. For example, in April 2021, Mars and Futerra introduced a sustainable insect dry cat food called Lovebug, which derives most of its protein from black fly larvae, to extend the product’s sustainability. Thus, the trend of consumer adoption of cats has led to the popularity of cat food, which is expected to drive the growth of the cat food market during the forecast period.

The pet food market in Europe is quite consolidated with major players such as Mars Inc., Nestlé SA (Purina), Colgate Palmolive (Hill’s Pet Nutrition), Archer Daniels Midland (Neovia) and Heristo AG. Players are investing heavily in research and development to respond to changing consumer patterns in the market and introduce new products to expand their market shares.

April 2022: Global pet food company United Pet Food acquired Neodis Group’s La Braconne factory in Mornac, France. The move helps United Pet Food strengthen its position as a fully-owned pet food manufacturer in the European market.

March 2022: Polish pet food company Dogs Plate has launched a new wet dog food with insect protein for the Polish market and plans to export it to other European markets.

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December 2021: As part of its expansion, French pet food manufacturer Natura Plus Ultra Food has doubled the production area of ​​its Estillac plant from 4,000 square meters to 8,000 square meters. This helps the company to strengthen its position in the Western European market.

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The European pet food market is expected to reach USD 37.60 billion by 2023 and reach USD 46.85 billion in 2028, growing at a CAGR of 4.5%.

Mars Inc., Heristo aktiengesellschaft, Hill’s Pet Nutrition, Inc, Nestle S.A (Purina Pet Care) and Archer Daniels Midland are the main companies operating in the European pet food market.

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Europe Animal Feed Market Share, Size and Revenue Growth Rate 2023 Stats by Mordor Intelligence™ Industry Report. Animal feed analysis in Europe includes market forecast to 2028 and historical overview. Get a sample of this industry analysis as a free downloadable PDF report.

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