The sold production of dog or cat food in Austria has shown a consistent upward trend from 2013 to 2023, with values increasing from 157.08 million Euros in 2013 to 392.83 million Euros in 2023. This represents a noteworthy year-on-year variation, ranging from a low of 3.26% in 2015 to a high of 14.07% in 2014. Over the last two years, there has been a year-on-year increase of 8.37% in 2022 and 7.66% in 2023, indicating sustained growth.
The compound annual growth rate (CAGR) over the last five years has progressively grown, standing at approximately 9.15% by 2023. Looking forward, the forecast data from 2024 to 2028 suggests continued growth, with an anticipated CAGR of 4.67%, culminating in a value of 528.37 million Euros by 2028, showcasing a 25.66% growth over these five years.
Future trends to watch for include the impact of evolving consumer preferences towards premium and specialized pet foods, potential economic fluctuations influencing discretionary spending on pets, and regulatory changes affecting production standards. Additionally, advancements in pet nutrition and an increase in the pet ownership rate may further drive market expansion.
