Key Market Indicators
Tobagonian pet food imports are projected to reach 10.4 million kilograms by 2028, up from approximately 9.4 million kilograms in 2023. This marks a compound annual growth rate (CAGR) of 1.6%. Since 1996, the demand for pet food in Tobago has grown at an average rate of 2.3% year on year, reflecting a steady increase in the market. On the export front, Tobago saw its pet food exports drop to 62,000 kilograms in 2015, down from 67,600 kilograms in 2014. This represents a decline of 8.2% from the previous year. The trend in pet food exports has seen a significant downturn since 1996, with a yearly decrease averaging 19.9%.
