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Germany Pet Food Market Forecast 2022-2028

KEY FINDINGS

The Germany pet food market is set to record a CAGR of 5.86% during the forecast period, 2022-2028. One of the major trends in the German pet food market is pet humanization. As a result, pet health has become a prominent concern. This offers manufacturers growth and expansion opportunities with regard to high-quality pet food. In addition, there is a growing demand for natural or functional pet food.

MARKET INSIGHTS

The pet food retail sector is thriving in Germany. Its pet food market is recording steady growth, with sales dominated by cat and dog foods. Also, pet health and wellness trends contribute to market growth. At the same time, pet owners are looking for options that benefit the environment, leading to a growing demand for sustainable options. In addition, the increasing focus on premium pet food with clean label recipes and natural ingredients is estimated to propel sales.

Also, it is evaluated that products without preservatives or additives and grain-free recipes will be more popular during the forecast period, especially in cat and dog mixers and treats. In addition, locally sourced pet food with organic ingredients is set to be more prominent while manufacturers are projected to differentiate their products based on animal welfare standards like Toerwohl or free-range compass. Such aspects constitute the German pet food market.

COMPETITIVE INSIGHTS

Some of the eminent firms in the market include The JM Smucker Company, Hill's Pet Nutrition Inc, Nestle Purina PetCare Ltd, Blue Buffalo Pet Products Inc, Mars Petcare Ltd, etc.

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Germany Pet Food Market Forecast 2022-2028
Published By :Inkwood Research
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