In 2023, France had a notable number of enterprises in the prepared pet food sector, which stood at a certain level. From 2024 to 2028, forecasts predict a steady increase, rising from 112 in 2024 to 128 by 2028. Year-on-year growth is consistently at approximately 3.4%, while the compound annual growth rate (CAGR) over this five-year period is projected to be around 3.4%, indicating a stable expansion in the market.
Future trends to watch for:
- Increased consumer demand for specialized pet food could drive further market entries.
- Regulatory developments in pet food safety and nutrition may impact market dynamics.
- Technological advancements in pet food production might lead to new enterprise opportunities.