Europe Pet Care Market Future Challenges and Industry Growth Outlook by 2021-2027

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Europe Pet Care Market To reach 46.6 Bn by 2027
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Europe Pet Care Market Size is Estimated To cross
USD 46.6 Billion By 2027.Rise in adoption of pets
will augment the demand for pet products and
services in Europe, thereby uplifting the market
growth. According to the European pet food
industry, approximately 85 million European
households own at least one pet animal. This can
be attributed to the humanization of animals that
has led to adoption of more dogs and cats,
thereby leading to an increase in number of pet
owners opting for pet products and services.
Moreover, increasing disposable income in the
region has compelled European population towards
pet adoption that is further contributing to the
increased demand for pet products. Furthermore,
owning a pet can aid in boosting immune system
and encourages towards regular exercise and a
healthy lifestyle. This factor is additionally
augmenting the demand for pet care services.
Hence, the above-mentioned factors will
significantly propel the Europe pet care market
growth in the coming years. However, lack of
awareness in developing and under-developed
regions and low out of pocket expenditure on pet
healthcare are some of the major factors
restraining the market growth. Based on type,
the Europe pet care market is segmented as pet
food, pet care products and service. Pet food
segment held significant market share in 2020 and
was valued at more than USD 24 billion. The
higher market share is owing to pet food being
the essential and necessity for pets that compels
the pet owners to buy good quality pet food in
order to provide nutritious food to their pets.
In addition, rising adoption of therapeutic
weight loss food due to the rising awareness
pertaining to the obesity. Several brands are
attempting to offer natural, organic and
non-processed food due to the growing demand for
grain-free pet product and the demand for organic
food, thereby contributing to the market growth.
Hence, the above-mentioned factors will
significantly foster the segmental growth that
in-turn will propel the overall market growth in
the coming years.
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Based on animal, the Europe pet care market is
segmented as the market is bifurcated as dogs,
cats, birds, fishes, horses and others. Birds
segment is anticipated to expand at 1.9 CAGR
from 2021 to 2027. Companionship, pet birds
aesthetic sense and security and social comfort
are the major factors contributing towards
adoption of birds. Moreover, the increasing
urbanization drives the need to bring home pet
birds. For instance, Italy tops the European
region pertaining to the adoption of birds.
Therefore, increasing bird adoption is
anticipated to drive the market for food products
of pet birds. Hence, the above-mentioned factors
will significantly propel the market growth in
the coming years. Based on distribution channel,
the Europe pet care market is segmented as stores
and E-commerce. Stores segment held majority
market share in 2020 and was valued at more than
USD 27 billion. The higher market share is owing
to the growing customer preference for shopping
on stores. Pet owners are focusing towards
providing more attention in choosing pet products
that is augmenting the preference for stores.
Furthermore, easy and rapid accessibility and
availability of pet products such as veterinary
care supplies and OTC medications in case of
urgency is a major factor uplifting the number of
people option for stores. Hence, the
above-mentioned factors will significantly fuel
the segmental growth that in-turn will propel the
overall market growth in the coming years. UK
pet care market is anticipated to expand at 4.5
CAGR and foresee a similar growth trend in the
coming years. The higher market growth in the
country is owing to the changing lifestyle
leading to growing adoption of pets. In addition,
rising number of pet care foundations in the
country including the Pet Care Federation is
contributing to the market growth. Moreover, pet
food has made the largest contribution in the UK.
For instance, as per a published article, pet
owners in the UK do not have time to spare for
their pets that compels the pet owners to prefer
commercial pet food with other pet products and
services. Furthermore, presence of
well-established market players in the country
and growing awareness pertaining to the adoption
of dogs is contributing to the market growth.
Hence, the above-mentioned factors are fostering
the pet care market growth in UK.
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Segmentation of Europe Pet Care Market Europe
Pet Care Market, By Type, 2016-2027 (USD
Million) Pet Food Pet Care Products Services Euro
pe Pet Care Market, By Animal, 2016-2027 (USD
Million) Dogs Cats Birds Fishes   The above
information is provided for the following region
and countries Germany UK France Spain
Italy Russia      
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