The report titled "Europe, Asia-Pacific and Middle-East & Africa Pet Care Market Outlook, 2023" provides a comprehensive analysis of the pet care market in Europe, Asia-Pacific and Middle-East & Africa. The report gives a complete detail of the size and share of the market on the international level. Not only it offers the historic data, but also it provides the present and forecast data which will help in identifying the market segments driving growth. The report also covers the leading companies and brands, along with examining the competition between them. Forecasting the data through this five-six years demonstrate how the market is going to change in the coming years. Bonafide Research employs comprehensive and iterative research methodology focused on minimizing errors in order to provide the most accurate estimates and forecast possible. Additionally, the report includes a bird eye view on global pet care market, with data of regions like, North America, South America in addition to Europe, Asia-Pacific and Middle-East & Africa.
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Asia-Pacific, Europe and Middle-East & Africa Pet Care Market Outlook, 2023
According to the report, Europe is the second largest region in the pet care market globally. The overall pet care market in this region was valued at a size of more than USD 25 billion in 2017 and it is estimated that the size will cross a value of USD 29 billion in 2023. The report has been segmented on the basis of regions i.e., Europe, Asia-Pacific and Middle-East & Africa pet care market. The pet care market is further divided into four segments which are pet food, pet healthcare, pet accessories and pet grooming. Middle-East & Africa pet care market will grow at a more CAGR than Europe and Asia-Pacific. Pet food is the largest category in the pet care market driving the major sales in all these regions. U.K. is the second largest nation which occupies a share of more than 6% in the pet care market globally. European economy was going through crisis from past few years and presently the situation is getting improved. Though Middle-East & Africa has the least share in the overall pet care market but its CAGR is comparatively larger than these other regions.
On evaluating the competitive landscape of the pet care market, it is found that the key players are Mars Incorporated, Nestle SA, Colgate-Palmolive.
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