From 2010 to 2019, the price per kilogram of dog and cat food in Germany exhibited an upward trend, rising from €1.76 to €2.27. The annual variations reveal fluctuating percentages, with notable increases in 2013 and 2017. However, there were minor dips in 2014 and 2016. The compound annual growth rate (CAGR) over the last five years stands at a positive rate, reflecting an overall increase in average prices annually.
In 2023, the data suggests that prices continued to rise, aligning with long-term growth trends. However, it is essential to watch for:
- Supply chain disruptions influencing costs.
- Changes in consumer preferences towards sustainable and organic products.
- Potential impacts of economic fluctuations on discretionary spending.
