Together with the worldwide downside of pet meals worth inflation, the continuing Russian invasion of Ukraine has affected the costs and availability of canine and cat meals in Europe. Euromonitor Worldwide analysts documented this of their report, “How Inflation is Impacting Pet Meals Merchandise in Europe.”
Provide chain disruptions and competitors for commodities have diminished the provision of canine and cat meals. The issue will increase the nearer pet homeowners dwell to the struggle. Lack of entry to most well-liked manufacturers has exacerbated challenges attributable to rising costs.
“Whereas the UK, the most important market by pet meals gross sales in Europe by 2021 RSP phrases, noticed solely an 8% decline within the variety of out there SKUs through the 8-month interval of remark, Germany and France have skilled a tougher surroundings of product procurement as they’re in nearer proximity to the struggle in Ukraine, with these international locations’ on-line markets seeing out there SKUs drop by 39% and 35%, respectively,” wrote the analysts.
Poland and the Czech Republic, also called Czechia, each host giant numbers of refugees from Ukraine. Many refugees introduced their pets with them, additional growing demand for pet meals. Poland and Czechia had the bottom on-line availability of pet meals manufacturers within the Euromonitor report.
Pet meals worth inflation in Europe
Together with lack of entry to explicit pet meals manufacturers, the costs of canine and cat meals have elevated on common in the UK, Germany, France, Italy, Spain, Poland and Czechia.
“Whereas the typical unit worth will increase for these seven international locations, and the six particular person pet meals classes being tracked, reached 21%, France skilled the strongest enhance in unit costs of all international locations with a median rise of 31% for the six cat and canine classes,” Euromonitor analysts wrote.
Nonetheless, the rise in pet meals costs by main manufacturers might create alternatives for worth priced manufacturers. Lack of reasonably priced pet meals could also be inflicting different issues for the European pet meals business.
Rising costs are driving pet homeowners to surrender their canines and cats, whereas others delay plans to get new pets. The French animal safety group La Société Protectrice des Animaux (SPA) said that abandonment ranges of canines are up by 6% this 12 months as of August, resulting in utterly full shelters operated by the group.
