Albany, NY, May 6, 2015 (GLOBE NEWSWIRE) -- According to a new market report published by Transparency Market Research "Pet Food Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021," the market was valued at USD 25,703.6 million in 2014, which is expected to reach USD 28,146.1 million by 2021, growing at a CAGR of 1.3%% from 2015 to 2021. In terms of volume, the pet food market in Europe was valued at 4,260.3 kg million in 2014 and is expected to reach 4,602.5 kg million by 2021, growing at a CAGR of 1.1% from 2015 to 2021.
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The europe pet food market in terms of pet type has been segmented into dog food, cat food and others. The cat food segment held the largest market share in Europe in 2014. Increasing demand for small pets is one of the major factors boosting the demand for cat food in Europe. Increasing awareness about pet health and rising demand for pet specific products are some of the major factors boosting the demand for pet food in Europe. However, the others segment including fish food, bird food and other reptiles is the fastest growing segment throughout the forecast period.
Browse Press Release of Europe Pet Food Market: http://www.transparencymarketresearch.com/pressrelease/europe-pet-food-market.htm
In addition, the pet food market can be further segmented on the basis of food types into: dry food, nutritious food, wet/canned food, snacks/treats and others. The dry food segment held the largest market share in the pet food market by food type. Ease of handling coupled with lower prices are the major factors boosting the demand in the dry food segment. In addition, added nutritional value is also fueling the demand for dry pet food. The nutritious food segment is the fastest growing segment in Europe. Increasing awareness about pet health is boosting the demand for nutritious pet food in this region.
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The pet food market in Europe has been further segmented by country into: U.K., Germany, France, Italy, Spain, Netherlands and rest of Europe. U.K. is the largest market for pet food in Europe. Increasing trend for nuclear family and rising demand for pets are boosting the demand for pet food in U.K. Apart from this, increasing demand for pet specific products is also expected to boost the demand for pet food in Europe. Spain is the fastest growing market for pet food in Europe. Increasing disposable income is one of the major factors boosting the demand for pet food in Spain. However, Italy is expected to experience stable growth throughout the forecast period. The volume consumption of pet food in Italy is expected to decline in the forecast period. However, the revenue is expected to increase owing to increasing prices.
Other Reports By Transparency Market Research:
- Asia Pacific Pet Food Market: http://www.transparencymarketresearch.com/asia-pacific-pet-food-market.html
- Middle East And Latin America Pet Food Market: http://www.transparencymarketresearch.com/middle-east-latin-america-pet-food-market.html
The pet food market is dominated by major manufacturers such as Mars Inc., Nestle S.A., Colgate-Palmolive Co., Affinity Petcare and Big Heart Pet Brands among others. However, the local players are still to enter these markets due to brand loyalty of the consumers.
Europe Pet Food Market: By Pet Type
- Dog Food
- Cat Food
- Others
Europe Pet Food Market: By Food Type
- Dry Food
- Wet Food/Canned Food
- Nutritious Food
- Snacks/Treats
- Others
Europe Pet Food Market: By Country
- U.K.
- Germany
- Italy
- France
- Spain
- Netherlands
- Rest of Europe
Browse All Food Market Research Reports: http://www.transparencymarketresearch.com/food-beverages-market-reports-4.html
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Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.