Market Research Report
United Kingdom Pet Food Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
|United Kingdom Pet Food Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)|
Published: April 21, 2021
Mordor Intelligence Pvt Ltd
Content info: 120 Pages
Delivery time: 2-3 business days
The United Kingdom pet food Market is projected to register a CAGR of 4.5% during the forecast period (2021-2026).
The global pandemic Covid-19, has been an exceptionally troubling period for United Kingdom pet food market. In 2020 during the intial stage of lockdown, there was a sudden surge in demand due to panic buying of pet food and followed by decreased demand due to stockpiling among the consumers. Due to lockdown restrictions the supply has become constrained, which resulted in the slow down of supply chain.
Pet humanization involves owners trying to incorporate pets into more and more aspects of their human lives, like holidays, nutrition, health care, and more. This led to the commercialization of human-like goods and services for pets such as pet food is acting as a major driver behind the growth of this market. Furthermore, the demographic shifts towards nuclear families lead to increased pet ownership. Changing societal priorities have influenced in the way pet is being fed. The wet pet food segment dominates the market in the country. The major players in the market are Mars, Inc., Nestle Purina Petcare Company, Pets Choice Ltd, Hill's Pet Nutrition, Inc., The J.M. Smucker Company (Big Heart Pet Brands, Inc.), and Blue Buffalo Pet Products, Inc., among others.
Rising Trend of Pet humanization
The rapid pace of economic and societal changes are driving pet ownership and pet food market trends. The new generation is becoming more isolated, and as a result, pets are treated as companions leading to the growth of the pet food market. According to Pet Food Manufacturers Association (PFMA), dog and cat population in the United Kingdom was 9 million and 8 million respectively with the households owning dog and cat being 26% and 18% respectively in 2018. The dog and cat population in 2017 stood at 8.5 million and 8 million respectively. In 2018, the total number of households owning pets was 13 million which equates to 45% of total households in the United Kingdom whereas in 2017 there were 12 million households owning pets. Thus, the growing pet population coupled with the rising pet-owning trend will drive the pet food market during the study period.
Wet Food Segment Dominates the Market
Owing to the increasing pet population the pet food market in the United Kingdom is recording steady growth. Consumers are buying pet foods in large quantities than in the past and are moving from table scraps and home-cooked food to packaged/prepared pet food, especially for dogs, as there is an ongoing movement for higher quality and nutritionally sound premium wet pet food. According to the Pet Food Manufacturers Association (PFMA), the market volume for wet food (which includes only cat and dog food) 538,000 tons in 2018 compared to 555,000 in 2017. Furthermore, the volume of dry food accounted for 516,000 tons in 2018 compared to 514,000 tons in 2017. According to the PFMA report, 91% of vets agree that when fed correctly, commercially prepared food provides optimum nutrition for cats and dogs
The United Kingdom pet food market is consolidated with*few leading*players occupying a major share in the market. The major players in the market are Mars, Inc., Nestle Purina Petcare Company, Colgate-Palmolive Company (Hill's Pet Nutrition, Inc.), The J.M. Smucker Company, Pets Choice Ltd,*Harringtons*Pet Food, and Blue Buffalo Pet Products, Inc., among others.