From 2013 to 2023, the sold production of prepared pet foods in Spain experienced strong growth, with an average annual increase of approximately 5.93%. Notably, the highest year-on-year growth was observed in 2021 at 13.74%, followed by consistent, albeit slowing, growth rates in subsequent years. By 2023, the sector's value stood at 1,027.5 million Euros.

Forecasted data from 2024 to 2028 indicate a more moderate growth trajectory, with a forecasted average annual increase (CAGR) of 1.64%, culminating in an 8.5% growth over this five-year period.

Future Trends to Watch For:

Increased demand for high-quality and premium pet food products.
Expansion of sustainable and organic pet food options driven by consumer preferences.
Growth in online sales channels as digital consumer habits solidify post-pandemic.
Potential impact of economic conditions and raw material costs on pricing and profitability.