The dog and cat foods market in Spain displayed robust growth from 2012 to 2022, with values increasing from 811.26 million euros to 1495.6 million euros. Significant year-on-year variations were observed, peaking with an 11.18% increase in 2014 and a 12.36% surge in 2020. However, 2022 saw a marginal rise of just 0.23%. The compound annual growth rate (CAGR) over the past five years (2017-2022) stands at 5.52%. As of 2023, the market is steady at approximately 1495.6 million euros.
Future trends to watch for include:
- Shift towards premium pet food products.- Increasing demand for organic and natural pet foods.- Growth in online retail channels for pet food purchases.- Rising awareness of pet health and nutrition influencing purchasing decisions. - Potential market saturation leading to more competitive pricing strategies.
How does Spain rank in Dog and Cat Foods Market Size Value?
| # | 16 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 3,672,400,000 | 2023 | +2.88% | +4.56% | View data |
| 2 | 2 Germany | 3,608,100,000 | 2023 | +4.59% | +5.23% | View data |
| 3 | 3 United Kingdom | 3,366,400,000 | 2023 | +0.32% | +1.9% | View data |
| 4 | 4 Italy | 1,819,400,000 | 2023 | +2.75% | +0.64% | View data |
| 5 | 5 Spain | 1,641,300,000 | 2023 | +4.75% | +7.03% | |
| 6 | 6 Poland | 790,350,000 | 2023 | +2.83% | +3.4% | View data |
| 7 | 7 Portugal | 382,380,000 | 2023 | +3.42% | +3.41% | View data |