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Europe Pet Food Nutraceuticals Market Research Report – Segmented By Ingredient Type, Function Type, Pet Type, Application Type and Country (United Kingdom, France, Spain Germany And Italy, Russia, Sweden, Denmark, Switzerland, Netherlands And Rest of Europe) – Industry Analysis on Size, Share, Trends, COVID-19 Impact and Growth Forecast From 2023 to 2028

Published: March, 2023
ID: 1261
Pages: 145
Formats: report pdf report excel report power bi report ppt

Europe Pet Food Nutraceuticals Market (2023 to 2028)

The European pet food nutraceuticals market is expected to be valued at USD 1.67 billion in 2023 and is estimated to be growing at a CAGR of 4.08% during the forecast period and to reach a valuation of USD 2.05 billion by 2028.

Nutraceuticals are one of the fastest-growing segments of the pet industry. The usage of pet supplements and nutraceuticals is a rather recent practice in veterinary medicine.

Pet food supplements are classified as either dietary or therapeutic supplements. Dietary supplements are substances combined with pet foods to make them nutritionally whole and well-adjusted. Therapeutic supplements (also known as nutraceuticals) are foods that are taken orally to provide a health advantage, either for deterrence or treatment of a disease.

The growth of the European pet food nutraceuticals market is majorly driven by factors such as increasing urbanization, rising wages, implementation of channel-specific product expansion, and varying lifestyles, leading to a drop in birth rates and an increase in the number of single-person families. Pets are considered as family members and thus the user predilection for nutrition-empowered pet food is further driving the pet food nutraceutical market.

However, factors such as different regulatory bodies, lack of recognition of pet food in underdeveloped countries, and lack of raw materials are restraining the growth of the market in this region.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022 to 2028

Base Year

2022

Forecast Period

2023 to 2028

CAGR

4.08%

Segments Covered

By Ingredient Type, Function Type, Pet Type, Application Type, and Country

Various Analyses Covered

Regional and country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

Germany, UK, France, Spain, Germany, Russia Sweden, Denmark, Italy, Switzerland, Netherlands, and the Rest of Europe.

Market Leaders Profiled

Diana group, BASF SE, Chr. Hansen A/S, Kemin Industries Inc., Nutraceutical International LLC, and Royal DSM N.V.

 

This market research report on the European pet food nutraceuticals market is segmented and sub-segmented into the following categories.

Europe Pet Food Nutraceuticals Market – By Ingredient Type:

  • Omega 3 Fatty Acids
  • Proteins And Peptides
  • Milk Bio Actives
  • Probiotics, Dietary Fibre
  • Others

Among these, Omega 3 fatty acids lead the Pet Food Nutraceuticals market, followed by Probiotics. This demand is largely driven by age-associated diseases in pets like joint deterioration and cognitive dysfunction.

Europe Pet Food Nutraceuticals Market – By Function Type:

  • Nutrition/Therapeutic
  • Supplements

Europe Pet Food Nutraceuticals Market – By Pet Type:

  • Cats
  • Fish
  • Dogs
  • Bird
  • Others

Under this segment, dogs and cats lead the market accounting for a combined share of 75% of the market.

Europe Pet Food Nutraceuticals Market – By Application Type:

  • Weight Management
  • Immune System
  • Food Allergies
  • Pain Relief
  • Digestive Health
  • Skin And Coat
  • Eye Care
  • Others

Under this segment, the Immune system leads the market, followed by Food Allergies and Pain Relief.

Europe Pet Food Nutraceuticals Market – By Country:

  • United Kingdom
  • France
  • Spain
  • Germany
  • Italy
  • Russia
  • Sweden
  • Denmark
  • Switzerland
  • Netherlands
  • Rest of Europe

Amongst these, the UK leads the pet food nutraceuticals market in Europe, whereas Spain is the most rapidly developing market, expanding at a CAGR of 5.21% during the forecast period. Italy is also one of the key markets for pet food nutraceuticals in Europe. However, owing to swollen inflation rates, the market in Italy is projected to increase at a sluggish rate during the forecast period.

KEY MARKET PLAYERS:

The major players in this market are focusing on the areas of Digestive health, weight management, and beauty (Skin and Coat). The major companies dominating the pet food nutraceuticals market in this region are Diana Group, BASF SE, Chr. Hansen A/S, Kemin Industries Inc., Nutraceutical International LLC, and Royal DSM N.V.

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FAQ's

What is the current size of the Europe Pet Food Nutraceuticals Market?

The European pet food nutraceuticals market is expected to be valued at USD 1.67 billion in 2023.

Which countries in Europe contribute significantly to the Pet Food Nutraceuticals Market share?

Germany, the United Kingdom, and France are the major contributors to the Pet Food Nutraceuticals Market in Europe.

What factors drive the growth of the Europe Pet Food Nutraceuticals Market in the United Kingdom?

The Pet Food Nutraceuticals Market in the United Kingdom is driven by the increasing trend of pet humanization, a rising awareness of pet health, and a demand for premium pet nutrition products.

what is the expected growth CAGR of Pet Food Nutraceuticals Market in Spain?

The Pet Food Nutraceuticals Market in Spain is expanding at a CAGR of 5.21% during the forecast period.

who are the key market players involved in the Europe Pet Food Nutraceuticals Market

Diana group, BASF SE, Chr. Hansen A/S, Kemin Industries Inc., Nutraceutical International LLC, and Royal DSM N.V.

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