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on April 11, 2014

Western Europe’s pet industry: Slow but steady growth ahead

As the economy slowly recovers from a downturn that shook consumer confidence, the region's petfood industry reflects cautious optimism.

In 2013, the size of the global pet care market reached US$96 billion, and the compound annual growth rate (CAGR) for the market through 2018 is 2.6%. This proves that pets are still, and will continue to be, big business for some time to come. However, economic downturns and consumer…

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