According to the recent research report titled ‘Europe Pet Care Market Size By Animal, By Type, By Distribution Channel, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with Market Study Report, Europe pet care market is projected to surpass a valuation of USD 46.6 billion by the year 2027.
 

Preference for high protein content in pet food, rising pervasiveness of zoonotic diseases, along with increasing animal healthcare expenditure are the key factors stimulating Europe pet care market growth. In addition, surging demand for pet insurance, popularity of mobile pet grooming, and growing pet adoption are also contributing to the overall market outlook.
 

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As per European Pet Food Industry Federation (FEDIAF), about 85 million European households own at least one pet animal. This is due to the humanization of animals, which has resulted in the adoption of more dogs and cats, as well as a rise in the number of pet owners who purchase pet products and services.
 

Speaking of restraints, hefty cost of pet care, lack of awareness in developing and under-developed nations are likely to hamper Europe pet care industry remuneration over the forecast period.
 

With respect to type, European pet care market is divided into pet care products, pet food, and services. Of these, pet food segment was worth USD 24 billion in 2020 and is poised to hold major market share in the coming years. Food is essential for pets, so pet owners are compelled to purchase high-quality pet food in order to provide nutrition and ensure health of their pets. Due to increasing demand for grain-free pet products and organic food, many brands are attempting to sell fresh, organic, and non-processed food, thus contributing to the segmental growth.
 

Based on animal class, the industry is split into horses, fishes, birds, cats, dogs, and others. Among these, birds segment is predicted to record 1.9% CAGR through 2027, attributable to the companionship, security, and social comfort offered by the pet bird.
 

Elaborating on distribution channel, Europe pet care industry is classified into e-commerce, and stores. The latter segment held considerable industry share in 2020 and was remunerated at USD 27 billion, owing to increasing customer preference for shopping at stores. Pet owners are paying more attention when selecting pet items, which is increasing their preference for stores. Furthermore, convenient and quick access to pet items such as veterinary care supplies and over-the-counter drugs in an emergency is a major factor boosting the number of people shopping offline.
 

Regionally, UK pet care market size is projected to expand at a CAGR of 4.5% through 2027, creditable to varying lifestyle leading to increasing adoption of pets. Presence of well-established players in the region, as well as increasing knowledge about dog adoption are swaying the market dynamics.
 

Major players impacting Europe pet care market trends are Zooplus AG, IDEXX Laboratories Inc., Zoetis Inc., Freshpet, Petco Animal Supplies Inc., Petmate Holdings Co., Nestle S.A., Mars Incorporated, Colgate-Palmolive Company, Champion Petfoods LP, Blue Buffalo Pet Products Inc., and Ancol Pet Products Limited.