The dog and cat foods market volume in Sweden has shown a fluctuating yet generally upward trend from 2013 through 2023. Starting from 61.601 million kilograms in 2013, it reached 75.124 million kilograms in 2023. There were some periods of decline, notably in 2018 and 2019, but the market rebounded subsequently. The year-on-year increases for the last two years were 1.08% for 2022 and 1.04% for 2023. The compound annual growth rate (CAGR) over the last 5 years stands at approximately 0.86%.
Future trends to watch for include:
- Continued slow but steady growth, with forecasted 5-year CAGR at 0.75%.
- Potential shifts in consumer preferences towards premium and specialized pet foods.
- Increased influence of sustainability and health trends on product development.
- Growth driven by increasing pet ownership and pet humanization trends.