EU-member states spend an annual €25 billion (US$33.05 billion) on pet necessities such as petfood, according to a study conducted by IFH Retail Consultants, a subsidiary of the Institut für Handelsforschung.
Nearly three-quarters of the total European pet owner expenditure goes to petfood, with the amount spent on pet accessories and pet care products much less in contrast, the report found. Dogs and cats dominate the European pet sector, with more than €10 billion (US$13.22 billion) on spending annually for dogs and cats, while spending €1 billion (US$1.322 billion) is spent on fish, small animals and birds, according to IFH Retail Consultants.
Public meetings invited comments and provided updates
The mid-year meeting addressed several regulatory matters affecting petfoods
Committees discussed key proposals such as a possible shift in the oversight of animal feeds
Read more of Dr. Mukund Parthasarathy's insights on the changing petfood retail market and how it affects petfood manufacturers large and small
Now is the time for packagers, producers, marketers and manufacturers to capitalize on the traveling with pets trend
There's a disconnect between consumers' confidence in petfoods and their knowledge of what makes the foods nutritious
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