Europe Pet Food Market is Expected to Reach USD 28,146.1 Million and in terms of volume is Expected to Reach 4,602.5 kg Million in 2021

Posted by admin on December 27, 2017 in Articles

Europe Pet Food Market is Expected to Reach USD 28,146.1 Million and in terms of volume is Expected to Reach 4,602.5 kg Million in 2021
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.Browse the full Pet Food Market – Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021 report at http://www.transparencymarketresearch.com/europe-pet-food-market.html
europe-pet-food-marketThe 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.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…