Although the pet food industry represents a large share of animal-related household expenditures, growth in the value of pet products and services also witnesses such a trend. Several countries in Europe have a large number of feed and pet food companies. Two of the leading pet food companies in Europe are German.
Deuerer and Heristo AG, with approximately 721 million U.S. dollars and 700 million U.S. dollars in annual revenues in the pet food segment, respectively. The top pet food company in 2020 was Spanish Agrolimen SA with annual revenue of around 900 million U.S. dollars.
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