Annual gross sales of pet meals merchandise in Europe reached EUR 29.2 billion in 2022, a small improve over beforehand reported information for the yr by the European Pet Meals Trade Federation’s (FEDIAF). Reported quantity dropped to 9.9 million metric tons from 10.5 million metric tons of pet meals bought in Europe in 2022. Annual progress in quantity dropped to 2% from 3.5% within the earlier report. The estimated annual progress fee of the pet meals business, contemplating the common worth of the previous three years elevated to 9%, up from 5.1%.
FEDIAF modified its timeframe for gathering information for its most current report and suggested towards making year-to-year comparisons between the new 2022 information and former years’ studies. FEDIAF will now report pet meals business information from two years earlier than publication.
The Federation’s estimated variety of pet meals corporations primarily based in Europe climbed to 375 from 150 within the earlier report. Likewise the variety of pet meals manufacturing crops elevated to 480 from 200. In 2022, the pet meals business straight employed 283,000 folks in Europe, with one other 2,300,000 employed not directly.
European pet meals business
The European pet meals business serves one of many world’s largest markets, characterised by vital regional variety. Whereas progress in some European international locations’ pet meals sectors might not match the speedy enlargement seen in creating economies, the general market in Europe is well-established and sometimes units developments which can be adopted globally.
In response to the dual developments of humanization and premiumization, European shoppers have change into more and more conscious of the substances in their very own diets, prompting them to hunt the identical prime quality in the pet meals they buy. This has pushed the marketplace for premium, pure and natural pet meals merchandise.
Moreover, European pet homeowners have been on the forefront of demanding sustainability within the pet meals business. To satisfy these expectations, European pet meals producers are more and more using sustainably sourced substances and environmentally pleasant packaging.
