Market Trends of spain pet food Industry
The growing adoption of cats as companions from animal shelters and licensed breeders, along with increasing awareness about the benefits of owning a cat, is driving the cat market in the country
- Spain has a larger dog population than a cat population. This trend is opposite to the trend in Europe. People feel more comfortable with dogs due to their unconditional friendship and security while at home alone, which helped the population of dogs to more than the population of cats in the country by 3.9 million in 2022. However, between 2020 and 2022, there was an increase in the cat population as people were confined to their homes because of the lockdowns, and cats could live for a long time indoors without being cooped up. This trend of adoption of cats during the pandemic was expected to have a wider time effect on the pet food market as the average lifespan of cats is more than 20 years.
- There was a rise in the number of households owning a cat as a pet in their homes in the country. For instance, the share of households owing a cat increased from 11% in 2019 to 16% in 2021. An increasing share of households own a cat as a pet due to the rise in pet humanization, and cats can live in smaller places than dogs, which led to an increase of 55.2% in the cat population between 2019 and 2021.
- The acquisition of pets is generally through animal shelters and licensed breeders in the country. People prefer to adopt pets from animal shelters because there are regulations on the pet trade, as pet shops are banned from selling cats, and less number of licensed breeders are present in the country. The increasing number of households owing a cat as a pet, the rise in pet humanization, and benefits such as the ability to adapt to smaller places are anticipated to have helped in increasing the adoption of the cat population in the country, and this will also help the pet food market for cats to witness growth during the forecast period.
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The trend toward high-quality and premium pet food and related growing awareness is increasing expenditure on the pet food
- In Europe, Spain holds the fourth position in terms of the total number of pets. The expenditure on pets in Spain is consistently rising, which increased by about 16.6% between 2019 and 2022. This upsurge is primarily due to two reasons: pet humanization and premiumization. In Spain, as of 2020, 37.0% of households possessed a minimum of one pet, and pet owners increasingly perceive their pets as integral members of their families, signifying the growing trend of pet humanization.
- Between 2019 and 2022, pet owners' annual spending on pet food for dogs increased by around 21.8%, while spending on cats increased by about 22.3%, and other pets saw an increase of about 9.0%. Additionally, sales of dog pet food registered a CAGR of 5.9% from 2016 to 2020, while cat food sales increased at a slower CAGR of 3.9%. Additionally, pet owners are increasingly interested in natural and targeted nutrition, leading to a surge in demand for premium brands like "Royal Canin." The brand's retail sales increased from USD 50.2 million in 2016 to USD 79.4 million in 2022, registering a CAGR of 7.9%.
- Pet owners in the country bought pet supplies from various pet shops, hypermarkets, and e-commerce. Offline stores were the top preference for pet supplies in the country. Pet food prices in Spain were affected by the political conflict between Russia and Ukraine in 2022, causing challenges in procuring raw materials and leading to an impact on pet expenditure in the country. Despite this, the increasing trend toward high-quality and premium pet food, as well as the growing awareness of its benefits, is projected to sustain the growth of pet expenditure during the forecast period.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- The growing adoption of dogs as companions, led by more people spending time at home, is driving the market growth
- Increase in the need for companionship and people preferring small mammals due to low maintenance is driving their adoption
