Press release
Europe Pet Supplements Market Trends, Size, Segment and Growth by Forecast to 2030
Growth of the Europe Pet Supplements Market Driven by Rising Pet OwnershipFull Report Link -https://www.businessmarketinsights.com/reports/europe-pet-supplements-market
The Europe pet supplements market is projected to grow from US$ 617.43 million in 2022 to US$ 873.49 million by 2028, at a CAGR of 6.0% during the forecast period.
Increasing Pet Ownership and Spending on Pet Well-being
The surge in pet adoption, particularly among millennials in their 20s and 30s, is a key factor driving the expansion of the pet supplements market in Europe. Growing disposable incomes and a rising interest in pet companionship have contributed to this trend. Additionally, the COVID-19 pandemic further accelerated pet ownership, as remote work and social isolation encouraged many households to adopt pets for emotional and mental support. Since there was no evidence that pets could transmit COVID-19, people felt comfortable welcoming them into their homes.
With the increase in pet ownership, spending on pet care has also risen significantly. The trend of pet humanization-where owners treat pets as family members-has led to greater investments in premium pet food, wellness products, and specialized diets. Consumers are prioritizing natural, sustainable, and locally sourced ingredients, along with high-quality nutrition for their pets.
Growing Demand for Pet Supplements
Pet owners are increasingly investing in supplements that support immune health, heart function, skin conditions, and chronic disease prevention. These products help reduce inflammation, lower the risk of conditions such as diabetes and cancer, and improve overall pet well-being. Additionally, pet supplements aid in addressing common health issues like allergies, itchy skin, and bacterial infections.
As awareness of pet health and nutrition continues to grow, the demand for high-quality pet supplements is expected to remain strong, driving further expansion in the European market.
Europe Pet Supplements Market Overview
The Europe pet supplements market is sub segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Pet ownership is increasing in these countries. According to the European Pet Food Industry Federation (FEDIAF), Russia has the largest cat population among all European countries, followed by Germany and France. It also has the largest dog population, followed by the UK and Germany. Pet owners treat pets like their family members. According to the 2021 report by FEDIAF, 90 million households in Europe, i.e., ~46% of households, own a pet. With growing pet ownership in Europe, FEDIAF found that pet owners spent more than US$ 20.3 billion on pet nutrition, supplies, and services in 2021. According to the findings of the federation, the pet food industry was worth US$ 28.1 billion in 2021; it recorded a growth of 3.1% in 2021 compared to 2020. Hence, pet nutrition manufacturers are offering premium nutritional supplements in response to the rise in the parenting of pets.
Europe Pet Supplements Strategic Insights
Strategic insights for the Europe Pet Supplements provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Europe Pet Supplements Regional Insights
The geographic scope of the Europe Pet Supplements refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Europe Pet Supplements Market Segmentation
The Europe pet supplements market is segmented into form, pet type, distribution channel, and country.
Based on form, the Europe pet supplements market is segmented into chewable, powder, and others. In 2022, the chewable segment registered the largest share in the Europe pet supplements market.
Based on pet type, the Europe pet supplements market is segmented into dogs, cats, and others. In 2022, the dogs segment registered the largest share in the Europe pet supplements market.
Based on distribution channel, the Europe pet supplements market is bifurcated into online and offline. In 2022, the offline segment registered the larger share in the Europe pet supplements market.
Based on country, the Europe pet supplements market is segmented into the Germany, the UK, France, Italy, Russia, and the Rest of Europe. In 2022, the Rest of Europe segment registered the largest share in the Europe pet supplements market.
Dorwest Herbs Ltd, Nordic Naturals, Nutramax Laboratories Consumer Care Inc, and Comfort Click Ltd are some of the leading companies operating in the Europe pet supplements market.
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