4 min. reading

Europe’s Pet Care Market: Thriving as Pets Become Family

Changing views regarding pets and rising pet ownership are driving notable expansion in the European pet care market.

Europe’s Pet Care Market: Thriving as Pets Become Family
Source: Depositphotos

UK Pet Food statistics show that between 2012 and 2020 pet ownership in the UK rose from about 45% to over 60%. Mirroring this trend across Europe, the European Pet Food Federation (FEDIAF) projected in 2022 that 90 million European homes have at least one pet in 2022.

Forecasts and market growth

The market for pet care in Europe is likely to expand greatly. Market research indicates that the sector was valued at US$10,737.3 million at the end of 2022 and is expected to reach US$23,026.7 million by 2033, rising at a CAGR of 7.2% over the forecast period 2023–2033.

Source: Futuremarketinsights

Principal trends

  1. Pets are being treated more like family members, which drives increased expenditure on luxury goods and services.
  2. Premiumisation: Natural and organic pet products are becoming more and more sought for.
  3. With e-commerce making 35% of sales in the UK, the biggest pet care market in Western Europe, online stores are ruling the sector.
  4. Sustainability: Rising market for sustainable and ecologically friendly pet care products.
  5. Companies are providing tailored goods and services to fit the particular requirements of pets.

UK Dominance and Regional Growth

The European pet food market, valued at USD 47.74 billion in 2022, saw significant growth of 23.6% between 2017 and 2021. This expansion is primarily driven by the increasing pet population, which reached 324.4 million in 2022 from 290.5 million in 2017, along with the growing trend of pet humanization and heightened focus on pet health and well-being.

The United Kingdom leads the European market, accounting for 14.9% of the total in 2022. The UK’s dominance stems from its rising pet population, increased use of commercial pet foods, wide availability of diverse pet food diets, perceived value for money, and growing demand for specialized, health-enhancing pet diets.

Sourece: Mordorintelligence.com

Poland is projected to be the fastest-growing market in Europe, with an expected CAGR of 14.3% during the forecast period. This growth is attributed to an expanding pet population and a shift from home-cooked to commercial pet food, driven by the rising trend of pet humanization.

Overall, the European pet food market is forecasted to grow at a CAGR of 7.5% in the upcoming period. This growth will be fueled by the continuing increase in pet population, pet owners’ growing focus on pet health and well-being, and increased adoption of commercial pet foods across the region.

Global Pet Care E-Commerce Market: Overview and Insights

The pet care e-commerce market is a rapidly growing sector, driven by the increasing rate of pet adoption worldwide. This market involves the online trading of pet care items, food products, clothing, and accessories. In 2022, the global pet care e-commerce market was valued at approximately USD 23.01 billion and is projected to reach USD 45.60 billion by 2030, growing at a CAGR of around 8.92% during the forecast period (2023-2030).

Key Market Drivers:

  1. Rising pet adoption rates
  2. Convenience of online shopping
  3. Integration of pet care segments by major e-commerce players (for example, Amazon’s consideration of adding veterinary telehealth services)

Looking forward

As we look to the future of the European pet care market, it’s clear that our furry, feathered, and scaly friends are more than just pets – they’re family. This shift in perspective is driving a remarkable transformation in the industry.

Over the period 2024–2029, Western Europe’s pet care e-commerce market is predicted to see positive value increase. From premium, organic pet foods to eco-friendly toys and cutting-edge health services, the market is responding to our desire to give our pets the very best.

While challenges exist, particularly for newcomers, the opportunities are as diverse as our pets themselves. As the lines between human and pet products continue to blur, and with e-commerce opening new avenues for convenience and personalization, one thing is certain: the bond between pets and their humans will continue to shape this thriving market for years to come.

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