Europe Pet Food Nutraceuticals Market by Consumption Volume, Growing Trend and Growth Forecast 2021-2026| Mars Inc., Nestle Purina, Hill's Pet Nutrition, Inc

Latest research on Europe Pet Food Nutraceuticals Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2021 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Europe Pet Food Nutraceuticals market. this report included a special section on the Impact of COVID19. Also, Europe Pet Food Nutraceuticals Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the Europe Pet Food Nutraceuticals industry.

Europe Pet Food Nutraceuticals Market is growing at a CAGR of 4.3% during the forecast period (2021-2026).

The Europe Pet Food Nutraceuticals market is highly competitive and consists of a number of major players. Top Companies like Mars Inc., Nestle Purina, Hill's Pet Nutrition, Inc., The J.M. Smucker Company, Heristo Aktiengesellschaft, Deuerer, Diamond Pet Foods, Blue Buffalo, Sunshine Mills

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Regional Analysis:

Furthermore, to broaden the understanding, researchers have studied the global Europe Pet Food Nutraceuticals market from a geographical point of view, considering the potential regions and countries. The regional analysis will assist the market players in making sound decisions regarding their future investments.

Europe Pet Food Nutraceuticals Market report includes the following geographic areas such as North America, Europe, China, Japan, Southeast Asia, India and ROW.

Scope of the Report

The trends of pet humanization and premiumization are very prevalent and popular among the Europeans acting as the prime driver of the market. Increasing consciousness about pet health catalyzed the European pet owners to turn towards nutraceutical food. The increasing number of single families, rising animal healthcare costs, aging pet population, and poor outcomes of the use of drugs have led to consumers looking for alternatives in the form of natural and organic products. Supplements are used as alternatives to drugs, by the veterinary community. The addition of active ingredients based on intended functionality is making supplements therapeutic and nutritional treats.

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Key Market Trends

Rise in the Number of Pets Drives the Market

Pet ownership has been increasing in European countries due to loneliness in elderly people and westernization. The latest annual figures from the European Pet Food Federation (FEDIAF) show that pet ownership across Europe remains at a high level, with an estimated 80 million European households owning at least one pet. These pet owners are ready to spend huge amounts of money for well being of their pet. In 2017, the pet food industry alone delivered USD 22.1 billion in turnover, an increase of USD 1.0 billion on the previous year. Thereby, the increasing pet owners coupled with their consciousness towards their pet health has been driving the market.

Cat Segment Dominates the Market

Cats are the most popular pets in Europe followed by Dogs. According to FEDIAF statistics, The European region has 75 million cats, which is 35.4% of total pets. Around 80 million European households own at least one pet animal in 2018. Out of which, 24% own one dog whereas 25% own one cat. The total number of cats present in Europe is 102.7 in 2016 increasing to 103.8 in 2018. Therefore large and increasing number of pets in the European region is the prime reason for the domination of the cat segment.

What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Europe Pet Food Nutraceuticals Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

The research includes historic data from 2015 to 2020 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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