Albany, NY -- (SBWIRE) -- 04/10/2018 -- A new Transparency Market Research report states that the Europe pet food market will expand at a CAGR of 1.3%% from 2015 to 2021. In 2014, the market stood at US$25,703.6 million and is anticipated to reach US$28,146.1 million by 2021. The title of the report is "Pet Food Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021".The rising trend amongst people for the adoption of a variety of pets is amongst the key factors stimulating the demand for pet food in Europe. For the purpose of feeding pets, numerous kinds of pet foods are being made in Europe. The pet food is prepared for utilization by animals such as birds, fishes, dogs, and cats. Pet owners' growing efforts for providing nutritious food and rising awareness on pet health are the key reasons that have raised the demand for pet food in Europe.

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In terms of pet type, the pet food market in Europe is segmented into cat food, dog food, and others including fish food, bird food, food made for small animals, and reptile food. Amongst these, the segment of others is the most swiftly expanding segment, growing at a 2% CAGR between 2015 and 2021. On the other hand, the segment of cat food held the biggest share in the market. The rising preference for small pets is amongst the key factors stimulating the demand for cat food in Europe. The cat food segment stood at US$11,957.3 million in 2014 and is predicted to maintain a consistent growth rate in the forthcoming future.

On the basis of food type, the pet food market in Europe is segmented into wet/canned food, dry food, snacks/treats, nutritious food, and others including household products and raw meat, among others. Amongst these, the segment of dry food represented the biggest share in the market for pet food in Europe. This segment is predicted to reach US$11,075.2 million in 2021. On the other hand, the segment of nutritious food is the most swiftly developing segment, expanding at a 2.7% CAGR between 2015 and 2021.On the basis of geography, the pet food market in Europe is segmented into 7 segments, namely Germany, the UK, Italy, France, the Netherlands, Spain, and Rest of Europe. Amongst these, the UK represented the biggest share in the pet food market in Europe till 2014. However, the market for pet food in the UK is predicted to witness sluggish growth in the forecast horizon.

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Spain is the most swiftly developing market for pet food in Europe, expanding at a 1.9% CAGR between 2015 and 2021. Rising awareness on the health of pets and demand for pet-specific products are amongst the key factors fuelling the demand for pet food here. Nonetheless, Italy also emerged as one of the prime markets for pet food in Europe. However, owing to increased inflation rates, the market for pet food in Italy is anticipated to expand at a sluggish 0.1% CAGR in the forecast period.Nestle S.A., Affinity Petcare, Colgate-Palmolive, Purina, Big Heart Pet Brands, Cesar, Nutro, and Pedigree Whiskas are amongst the major players in the pet food market in Europe.