Between 2012 and 2022, the Prepared Pet Foods market in Spain experienced a notable upward trend, growing from €824.66 million to €1537.1 million. Year-on-year growth fluctuated, highlighted by a strong increase in 2014 (11.44%) and a significant leap in 2020 (12.63%). More stable years showed modest growth, such as in 2015 (1.59%) and 2019 (2.12%). Over the last five years, the CAGR averaged at 5.69%. This consistent growth points to an expanding market driven by factors such as increased pet ownership and premiumization in pet food products.
Key future trends to watch for include the impact of inflation on consumer purchasing power, the increased demand for organic and specialty pet foods, and advances in pet food technology catering to health-conscious pet owners. The continuous innovation and adaptation to changing consumer preferences are expected to sustain market growth in the coming years.
How does Spain rank in Prepared Pet Foods Market Size Value?
| # | 17 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 4,342,500,000 | 2023 | +5.4% | +5.83% | View data |
| 2 | 2 United Kingdom | 3,778,100,000 | 2023 | +0.51% | +2.14% | View data |
| 3 | 3 France | 3,661,900,000 | 2023 | +2.74% | +4.38% | View data |
| 4 | 4 Italy | 1,898,100,000 | 2023 | +2.52% | +0.61% | View data |
| 5 | 5 Spain | 1,691,400,000 | 2023 | +4.83% | +7.22% | |
| 6 | 6 Poland | 903,150,000 | 2023 | +2.99% | +3.91% | View data |
| 7 | 7 Portugal | 395,380,000 | 2023 | +3.43% | +3.5% | View data |