Navigating Germany Pet Food Market Trends: USD 4.5 billion in 2023 and Boasting a CAGR of 4.3% Projections by 2030
Feb 12, 2024
Market Overview: Germany Pet Food Market
MarkNtel Advisors, leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on Germany Pet Food Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.
Germany Pet Food Market Insights 2024-30
The Germany Pet Food Market is estimated to grow at a CAGR of around 4.3% during the forecast period 2024-30.
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Driving Innovation: Exploring the Germany Pet Food Market and its Key Drivers
Germany Pet Food Market Driver: Surging Concerns for Pet’s Health & Well-being to Increase the Demand
In present times, there is a notable surge in pet owners prioritizing the health of their animals, leading to an escalating demand for premium pet food. According to recent research, the majority of adults consider their pets to be family members, resulting in a growing desire to provide pets with a nutritious and well-balanced diet, propelling the growth of the Germany Pet Food Market.
Furthermore, pet owners in Germany are increasingly looking for high-quality food for their furry companions, indicating a shift away from price concerns and toward a greater emphasis on nutritional quality. Nearly half of German pet owners regularly feed specialized pet food to ensure their pets’ health and well-being. This shifting tendency would contribute to driving the market growth.
Top Players in the Germany Pet Food Market:
Affinity Petcare S.A., Royal Canin, Hill’s Pet Nutrition, Inc., Bewital Pet Food GmbH, Josera Pet food GmbH & Co. KG, Happy Food, Belcando, Terra Canis GmbH, Nestle Purina Petcare, Pedigree, Animonda Petcare GmbH, and Others (Landguth Heimtierfutter GmbH, O Canis Deutschland HGmbH, etc.)
Germany Pet Food Industry Recent Development:
- July 2023: Hill’s Pet Nutrition, Inc. has launched a line of pet products featuring MSC (Marine Stewardship Council) certified pollock and insect protein, specifically designed for pets with sensitive stomachs and skin conditions. These products are enriched with essential nutrients, including vitamins, omega-3 fatty acids, and antioxidants.
- May 2023: Nestle Purina has introduced a new line of cat treats under the Friskies brand, called “Friskies Playfuls – treats.” Specifically designed for adult cats, these treats come in circular shapes and are available in flavors like chicken & liver, as well as salmon & shrimp.
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Segmentation Analysis of Germany Pet Food Market
Germany Pet Food Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
By Product Type
-Dry Pet Food
-Wet Pet Food
-Semi-moist Pet Food
-Snacks & Treats
- Dry Pet Food attained the potential share of the Germany Pet Food Market in 2022 and is foreseen to flourish in the years ahead.
By Pet Type
-Others (Fish, Small Mammals, Reptiles, etc.)
-Prescription or Therapeutic Diets
-Weight Management Diets
By Distribution Channel
–Specialty Pet Stores
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A Comprehensive Geographical Analysis:
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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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