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Healthy Snacks Market: A Study of the Industry's Key Applications and Technologies
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Pet Nutrition Revolution: Unveiling Europe's Pet Food Market Trends

According to Future Market Insights’ latest report, the Europe pet food market is anticipated to reach US$ 36.4 billion by 2033. Overall pet food sales across Europe are set to increase at a moderate CAGR of 5.3% over the forecast period of 2023 and 2033. One of the key factors facilitating the pet food demand in the region is growing trend of pet humanization.

As the number of pets being adopted climbs, pet parents are becoming increasingly concerned about the health of their companion animals. Consequently, the increased public awareness of animal mistreatment is a result of the extensive usage of social media.

European animal shelter adoption is becoming more popular among millennials, who are also strong proponents of animal rights. Consequently, local governments are implementing very stringent regulations that defend the rights of animals.

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As per the study, over the years, there has been a sharp increase in the adoption of dogs and cats across European countries such as the United Kingdom and Germany. For instance, as per the UK Pet Food, around 34% of households across the United Kingdom had dogs.

Similarly, about 28% of households had cats. High adoption of these pets is eventually elevating demand for pet food across Europe and the trend is expected to continue during the projection period.

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Key Takeaways from Market Study

Europe’s pet food market is estimated to be valued at US$ 36.4 billion in 2023.
By nature, the conventional segment holds a significant market share of 67.0% of the Europe pet food industry
By product type, kibble/dry segment holds a considerable market share of 25.0% of the Europe pet food industry
Who is Winning?

Leading companies offering pet food include Mars Incorporated, Evanger’s Dog & Cat Food Company, Inc., Mc Adams Pet Foods Limited, Nestle Purina Pet Care, Affinity Petcare SA, Symrise, Roll Over Pet Food Ltd., The Pet Food Market, Canagan Group, Mera Pet Food Family, and Wagg Foods Ltd., Sabre Pet Food.

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Future Market Insights, in its new offering, provides an unbiased analysis of Pet Food presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033

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Excipient Evolution: Unveiling the Nutraceutical Industry's Key Enablers

The global aquaponics market is anticipated to rise significantly, rising from US$ 1,560 million in 2023 to US$ 3,415.5 million by 2033, per FMI study. Aquaponics, a sustainable farming technique that combines aquaculture and hydroponics, has a number of advantages over traditional crop cultivation, including significant water savings and a decreased need for pesticides and synthetic fertilisers due to effective resource management.

As per FMI’s analysis, the global aquaponics market is predicted to surge from US$ 1,560 million in 2023 to US$ 3,415.5 Million by 2033. The aquaponics industry is set to observe significant growth in the assessment period. Aquaponics proponents frequently quote plenty of advantages that result from this form of farming.

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It has a lot going for it, including environmental awareness. Only 10% of the water required for conventional crop cultivation is used in aquaponics systems. The usage of pesticides, herbicides, and synthetic fertilisers can be drastically decreased or perhaps totally eliminated with effective resource management.

Due to the growing global warming, consumers are undoubtedly being more careful when making daily decisions. As a result, people all across the world are getting pickier and more interested in sustainable practises.

The aquaponics systems can be readily scaled to suit market demands if there is enough room. Producers and farmers are in a stronger position as a result. Business prospects are expected to rise as a result of all of the aforementioned advantages in the years to come.

Top Highlights from the FMI’s Analysis of the Aquaponics Market:

The United States market is projected to attain a lion’s share over the forecast period. The country has been estimated for a 26.8% market share in 2022.
In Europe, Germany grabbed a 5.5% market share. Alongside this, the United Kingdom is projected to register a CAGR of 5.1%.
The intensely growing market for aquaponics is assessed to be India in the forecast period. The country is anticipated to assume a pace of 16% CAGR.
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Competitive Landscape of Aquaponics Market: A Closer Look at Market Whereabouts:

Key players in the market are working on promotional activities to capture users at a wider scale and increase their revenue. Manufacturers are also providing and practising quality certifications to raise their market presence. This also creates awareness among people and unfolds substantial opportunities for key companies.

Key Companies Profiled:

Nelson & Pade Aquaponics, Practical Aquaponics, Aquaponics USA, The Aquaponic Source, Pentair Aquatic Eco-System, Inc.

Key Segments

By Type:

Media Filled Grow Beds (MFG)
Nutrient Film Technique (NFT)
Deep Water Culture (DWC)
Others
By Component:

Bio Filter
Settling Basins
Fish tanks
Soil-free plant bed
Rearing Tanks
Aquaponics Produce
Others
By Equipment:

Pumps and Valves
Water Heaters
Fish Purge Systems
Aeration Systems
Water Quality Testing
Others

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