Key Market Indicators
Swedish pet food sales are projected to hit €86 million by 2028, maintaining a steady figure from €86 million in 2023, with a stagnant compound annual growth rate (CAGR) of 0%. Since 2015, the Swedish pet food market has seen a modest annual increase of 2.7%. In the 2023 rankings, Sweden placed 14th, just behind Serbia, which also reported €86 million in sales. France, the United Kingdom, and Spain held the 2nd, 3rd, and 4th spots, respectively. On the export front, Sweden's pet food exports are expected to reach approximately 37.5 million kilograms by 2028, up from around 36 million kilograms in 2023, reflecting an average annual growth rate of 0.6%. Since 1997, Swedish pet food supply has increased by 1.3% yearly. In 2023, Sweden ranked 25th in pet food exports, with Australia surpassing it by exporting 36 million kilograms. France, the United States, and Poland were the leading exporters, occupying the 2nd, 3rd, and 4th positions. Meanwhile, Swedish pet food imports are anticipated to grow to nearly 116 million kilograms by 2028, up from about 111 million kilograms in 2023, marking a 0.6% annual CAGR. Since 1997, the country's demand for imported pet food has risen by 1.4% each year.
