The Prepared Pet Foods market in Latvia saw fluctuations from 2013 to 2023, with a steady increase from 11.76 kilograms per capita in 2013 to 16.26 kilograms per capita in 2023. Notable year-on-year increases occurred in 2022 and 2023, with volumes rising by 6.5% and 2.7% respectively. The compound annual growth rate (CAGR) over the last five years was approximately 2.17%, indicating modest but consistent growth in pet food consumption.
Future trends to watch for include increasing consumer preference for health-oriented and organic pet foods, and the impact of economic conditions on pet ownership rates. Additionally, ongoing innovation in product offerings and packaging might drive further growth in the pet food market.
| # | 20 Countries | Kilograms Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 39.65 | 2023 | View data | ||
| 2 | 2 Hungary | 38.21 | 2023 | View data | ||
| 3 | 3 Belgium | 30.24 | 2023 | View data | ||
| 4 | 4 Austria | 28.43 | 2023 | View data | ||
| 5 | 5 United Kingdom | 26.33 | 2023 | View data | ||
| 13 | 13 Poland | 18.02 | 2023 | View data | ||
| 14 | 14 Estonia | 17.23 | 2023 | View data | ||
| 15 | 15 Latvia | 16.26 | 2023 | |||
| 16 | 16 Finland | 15.97 | 2023 | View data | ||
| 17 | 17 Romania | 15.75 | 2023 | View data | ||
