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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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Get More Valuable Insights

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