Between 2013 and 2023, the sold production of dog and cat food in Austria demonstrated a consistent upward trend, growing from 88.877 million kilograms to 234.44 million kilograms, indicating robust growth in both value and volume. Notably, the Compound Annual Growth Rate (CAGR) over the last 5 years stood at 5.7%, reflecting a steady increase in production.
The year-on-year variations reveal an overall positive growth trajectory, with notable spikes in certain years such as 2014 (23.58%) and 2016 (18.64%). More recently, the growth rate has stabilized, with variations of 5.33% in 2022 and 5.01% in 2023.
From 2024 onwards, forecasted data show continuous growth, with expected production reaching 288.67 million kilograms by 2028. The forecasted CAGR for the next five years is 3.29%, indicating a projected overall growth rate of 17.58% over this period.
Future trends to watch for include increasing demand for premium and specialized pet foods, advancements in pet nutrition science, and the potential impact of sustainability practices on production methods. Additionally, shifts in consumer preferences towards organic and natural ingredients could further influence market dynamics.
