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Key regions: Russia, Spain, Philippines, United Kingdom, India
The Pet Food market in D-A-CH has been facing a negligible growth rate due to various factors such as increasing competition, changing consumer preferences, and stringent regulations. Despite these challenges, the market continues to grow due to the high demand for premium and specialized pet food products.
Customer preferences: As pet ownership continues to rise in the D-A-CH region, consumers are becoming increasingly concerned about the health and well-being of their furry companions. This has led to a growing demand for natural and organic pet food products, as well as a shift towards personalized diets and digital tracking of pet nutrition. Additionally, the rise of pet humanization has led to a demand for premium and human-grade pet food options. This trend is also reflected in the rise of pet food subscription services, making it easier for pet owners to ensure their pets are getting the best possible nutrition.
Trends in the market: In D-A-CH, the Pet Food Market is seeing a rise in demand for natural and organic pet food products. This trend is driven by the increasing awareness of pet owners towards the health and wellbeing of their pets. In addition, there is a growing trend of personalized and customized pet food options, with consumers looking for specific ingredients and formulations tailored to their pet's needs. This trend is expected to continue, with the potential for new market players to enter and disrupt the traditional pet food market. Industry stakeholders should closely monitor these trends and adapt their strategies to meet the changing demands of consumers.
Local special circumstances: In D-A-CH, the Pet Food Market is heavily influenced by the high standards for pet care and the strong attachment to pets within the culture. This has led to a demand for premium and natural pet food products. In addition, strict regulations on pet food ingredients and labeling have shaped the market. In contrast, the Pet Food Market in countries like India and Brazil is driven by the rising pet ownership and the increasing disposable income of the middle class. This has resulted in a growing demand for convenience and affordable pet food options, leading to the popularity of e-commerce platforms for pet food.
Underlying macroeconomic factors: The Pet Food Market within The Food market is heavily influenced by macroeconomic factors such as consumer spending, disposable income, and overall economic stability. Countries with strong economic growth and stable political environments tend to have higher demand for pet food products. Additionally, regulatory policies and trade agreements can impact the availability and pricing of pet food products in a given market. Furthermore, changing consumer trends and preferences, such as a shift towards premium and natural pet food products, can also influence market performance. Overall, macroeconomic factors play a significant role in shaping the Pet Food Market within The Food market, and companies operating in this sector must closely monitor and adapt to these factors to remain competitive.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)