Between 2013 and 2018, the production of prepared pet foods in Italy experienced notable fluctuations, ranging from a high of 937.6 million kilograms in 2013 to a low of 647.49 million kilograms in 2015. Year-on-year variations during these years saw significant swings, including a drop of 23.54% in 2015 and a rise of 40.38% in 2019.
From 2019 onwards, the trend showed a more consistent upward trajectory. Production volumes increased from 1011.0 million kilograms in 2019 to 1122.9 million kilograms in 2023. The year-on-year growth rates between 2019 and 2023 averaged 4.07%, with the CAGR over the last five years standing at 9.29%.
Looking forward, the forecasted data from 2024 to 2028 suggests a continued growth trend, with the volume expected to reach 1335.8 million kilograms by 2028. The forecasted 5-year CAGR is predicted to be 2.75%, indicating a sustained, but slightly moderated growth trajectory compared to the recent past. Future trends to watch include potential market saturation, evolving consumer preferences, and regulatory impacts on production processes.
