On an annual basis, FEDIAF reviews member association data on market and population trends. The figures are proof of the importance of companion animals for Europeans
• An estimated 80 million European households own at least one pet animal
• At least 24% own one dog and at least 25% own one cat
• Europe has 132 pet food producing companies and 200 production plants
• Throughout Europe, an estimated 1.000.000 direct and indirect jobs are generated by pet ownership such as veterinarians or breeders or connected supply industries.
• Pet food products show annual sales volume of 8.8 million tons and turnover is 21 billion euros.
• Pet related products and services are valued at 8.5 billion Euros (accessories), 10 billion (services) totalling 18.5 billion.
• The pet food industry and related supply and services represent a combined annual turnover of over € 38.5 billion.
• The pet food industry is growing at a rate of 2.5%.
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CULT Food starts cultivated pet food regulatory race in the US
A subsidiary of the Canadian cell-based firm is to file a feeding trial to seek approval to sell the product in the country.
Purina witnessing a deceleration, admits Nestlé’s CFO
The multinational’s pet portfolio increased sales in the first half of 2024. GlobalPETS dives into the latest earnings.
American biotech companies receive $36 million in investments
California-based NovoNutrients and Digestiva to scale their footprints in alternative protein.
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