The trend in the sold production of prepared pet foods in Italy from 2013 to 2023 has shown significant fluctuations. Between 2013 and 2023, the values saw notable dips and surges, with a substantial low in 2015 and peaks in 2017, followed by a steady climb from 2021 onwards. The year 2023 concluded with a value of 1083.2 million euros, marking a slight increase of 3.11% from 2022. Over the last two years, the year-on-year variation reflected growth followed by a minor dip and resurgence. The five-year CAGR up to 2023 stood at an impressive 11.16%, indicating robust growth over this middle-term period.
Future trends to watch for include continued moderate growth as forecasted up to 2028, with a 5-year forecasted CAGR of 2.16%. The market is expected to expand by approximately 11.3% over these next five years. Emerging trends such as premiumization, health-focused formulations, and sustainability in pet food production are anticipated to drive this future growth.
