Definition:
The Pet Food market covers food that has been specifically created to meet the nutritional requirements of domesticated animals, including dogs, cats, as well as feed products for other less common house pets such as rodents and reptiles. Various components that supply vital nutrients for the animal’s health and wellness are often included in pet food.
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.
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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Pet Food Market in Czechia has been witnessing modest growth, influenced by factors such as changing consumer preferences and increasing health consciousness. The market's negligible growth rate can be attributed to the emergence of alternative options such as homemade pet food and the rising trend of pet owners shifting towards organic and natural products.
Customer preferences: Consumers in Czechia are increasingly seeking healthier and more natural options for their pets, leading to a growing demand for organic and holistic pet food products. This trend is driven by a growing awareness about the benefits of natural ingredients and a desire to provide the best nutrition for their beloved furry companions. Additionally, the rise in pet ownership among younger generations is also positively impacting the pet food market, as these individuals are more inclined to prioritize their pet's health and well-being.
Trends in the market: In Czechia, the Pet Food Market is experiencing a shift towards healthier and more natural pet food options. This trend is driven by the increasing awareness among pet owners about the importance of proper nutrition for their furry companions. As a result, there is a growing demand for premium and organic pet food products. This trend is expected to continue in the coming years, with more pet owners willing to pay a premium for high-quality pet food. This shift in consumer preferences presents opportunities for industry stakeholders to innovate and expand their product offerings to cater to this growing market segment. Moreover, this trend also has implications for the supply chain and sourcing of ingredients, as manufacturers will need to ensure the quality and safety of their products to meet the demands of health-conscious pet owners.
Local special circumstances: In Czechia, the Pet Food Market is influenced by the country's high pet ownership rate and cultural preference for high-quality and natural pet food products. The market is also regulated by the European Union's strict food safety and labeling regulations, ensuring a high standard of quality for pet food products. Additionally, the country's growing trend towards pet humanization has led to an increase in demand for premium pet food options, creating a lucrative market for innovative and specialized pet food products.
Underlying macroeconomic factors: The Pet Food Market within The Food market in Czechia is heavily influenced by macroeconomic factors such as consumer spending, economic stability, and government regulations. As the country's economy continues to grow, with a steady GDP growth rate and low unemployment rate, consumers have more disposable income to spend on pet food. Additionally, favorable government policies and regulations on pet food safety and quality have boosted consumer confidence in the market. Furthermore, the increasing trend of pet humanization, where pets are seen as family members, has also contributed to the growth of the Pet Food Market in Czechia.
Data coverage:
The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).Modeling approach:
Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights