The sold production of prepared pet foods in Sweden remained at zero Euros from 2014 to 2019. In 2020, the market saw a significant breakthrough with sales reaching 85.656 million Euros. Between 2021 and 2024, there has been a steady increase in sales, with a growth rate of 14.03% from 2020 to 2021, followed by modest increases of 1.09% in 2022 and 1.13% in 2023. As of 2023, the sales stood at 99.854 million Euros. Future projections indicate continued growth, with sales expected to reach 105.25 million Euros by 2028, reflecting a 5-year CAGR of 0.84%.
Future trends to watch for:
- Steady but modest annual increases in production and sales of prepared pet foods.
- Innovations in pet food formulations driven by consumer demand for health and sustainability.
- Potential market expansion thanks to rising pet ownership and premium product preferences.