The prepared pet food production value in Sweden experienced fluctuations from 2013 to 2023, peaking in 2013 at EUR 93.7 million and decreasing to EUR 69.0 million in 2023. Notable year-on-year variations include significant declines in 2014 (-12.17%) and 2015 (-13%), and a substantial increase in 2020 (10.97%). From 2019 to 2023, the average annual growth rate (CAGR) was marginally positive at 0.12%. However, the overall trend shows a steady decline in production value with a forecasted 0.74% average annual decline through 2028.
Future trends to watch for include potential impacts of changing consumer preferences towards premium and sustainable pet foods, innovations in pet food technology, and economic factors influencing consumer spending power. Regulatory changes focusing on pet food safety and quality could also affect production dynamics.
