The Europe Pet Supplements Market would witness market growth of 5.9% CAGR during the forecast period (2021-2027).
Obesity is one of the common health problems among pets, hence encouraging the high number of veterinarians to build weight-loss clinics. As per the data from the Association for Pet Obesity Prevention, 59% of cats and 54% of dogs in the US were overweight or obese in 2016 and this problem has increased more in the last couple of years. Weight management is a key trend in the pet market and market players have made various nutritional changes in order to keep the weight of the pet under control and ensure its health.
E-commerce is changing the manner in which businesses are conducted by people around the globe. In fact, the outbreak of the COVID-19 pandemic and lockdown restrictions have brought a transition in e-commerce across all industries. This channel is also accepted by a high percentage of the population that is not familiar with internet selling as it is the only alternative left during the pandemic period. In the rising trend of eCommerce, there are various lucrative possibilities for businesses and online services to partner with an aim to offer highly engaging experiences to consumers.
Europe is regarded as the key market for quality-driven pet food. As per the European Pet Food Industry Federation (FEDIAF), above 80 million households across Europe own a minimum of one pet. Due to the massive adoption rate of the cat as a pet in the region, the regional market is witnessing high demand for cat food items among the pet supplements.
The region was severely hit by the global pandemic; hence the regional market is negatively impacted by the complete or partial closure of manufacturing, packaging, and processing operation across different countries of the region. However, the manufacturing units of such companies are still operational and they are completely following the social distancing and other safety and hygiene norms formulated by the government. Hence, these factors are estimated to boost the growth of the regional pet supplement market during the forecast period.
The Germany market dominated the Europe Cats Market by Country in 2020, thereby, achieving a market value of $39.6 million by 2027. The UK market is exhibiting a CAGR of 5.2% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 7.6% during (2021 - 2027).
Based on Distribution Channel, the market is segmented into Offline and Online. Based on Pet Type, the market is segmented into Dogs, Cats and Other types. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Pet Supplements Market Size will Hit $2.1 Billion by 2027, at a CAGR of 6.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dechra Pharmaceuticals PLC, Nestle S.A., Elanco Animal Health, Inc., Zoetis, Inc., Nutramax Laboratories, Inc., NOW Foods, Inc., Ark Naturals, Kemin Industries, Inc., FoodScience Corporation (Wind Point Partners), and Honest Paws, LLC.
By Distribution Channel
By Pet Type
By Country
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