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MARKET OUTLOOK

According to Triton’s estimates, the pet food market in the United Kingdom is likely to progress at a compound annual growth rate of 2.12% in revenue and 1.20% in terms of volume during the forecasting period between 2022 and 2026.

In 2020, the sales of pet food witnessed significant growth, owing to rising pet adoption. This rise in pet adoption was primarily due to the growing need for companionship during lockdown across the country. Furthermore, owners began seeking our healthier options, leading to a rise in premium products. In this regard, the premium segment in wet and dry dog and cat foods are expected to witness strong growth over the upcoming years. This is expected to widen the market’s scope over the forecast period. 

Besides, several companies, including Mars Petcare UK Ltd, Nestle Purina, and Tesco Plc, are dominating the pet food market. Moreover, the companies are taking steps to compete in the market. For instance, Tesco made its products available on the mobile application, offering immediate delivery as per the location. Hence, all these factors are expected to propel the pet food market on a positive growth trajectory in the United Kingdom. 

COMPETITIVE OUTLOOK

Mars Petcare UK Ltd, Tesco Plc, and Pet at Home Plc are some of the major firms in the pet food market.