The dog and cat foods market in France exhibited fluctuations from 2013 to 2023, with significant year-on-year variations. The market grew from €2.824 billion in 2013 to €3.6724 billion in 2023. Notable increases occurred in 2016 and 2020 with 12.6% and 12.85% growth respectively. Despite a decline in 2022, the market rebounded slightly by 2.88% in 2023. The CAGR over the past 5 years was 4.56%, indicating stable growth. As of 2023, the market stood at €3.6724 billion.
Forecasts indicate continued growth, reaching €4.1714 billion by 2028, with a forecasted CAGR of 2.02% for 2024-2028. This represents an overall growth rate of 10.52% over the next five years.
Future trends to watch for include:
- Increased demand for premium and organic pet food products.
- Growth in e-commerce sales for pet food.
- Innovations in pet food tailored to specific health needs.
- Rising pet ownership and humanization of pets driving market expansion.
