The Prepared Pet Foods Market Size Value Per Capita in Portugal has consistently risen from €23.54 in 2013 to €38.56 in 2023, indicating a steady growth trend. Between 2022 and 2023, the market value increased by 3.82%, and over the past two years, there was a noticeable increase in volatility, particularly with a slight dip in 2021. The Compound Annual Growth Rate (CAGR) over the last five years (2018-2023) is approximately 3.57%, showing a solid upward trajectory in consumer spending on pet food.
Future trends to watch for include:
- Increasing consumer spending driven by enhanced premiumization of pet food offerings.
- Rising demand for health-focused and sustainable pet food options.
- Potential market saturation stabilizing the growth rates in the forthcoming years.
How does Portugal rank in Prepared Pet Foods Market Size Value Per Capita?
| # | 17 Countries | Euros Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 55.73 | 2023 | View data | ||
| 2 | 2 France | 54.38 | 2023 | View data | ||
| 3 | 3 Germany | 52.26 | 2023 | View data | ||
| 4 | 4 Estonia | 51.63 | 2023 | View data | ||
| 5 | 5 Latvia | 46.12 | 2023 | View data | ||
| 6 | 6 Finland | 40.01 | 2023 | View data | ||
| 7 | 7 Portugal | 38.56 | 2023 | |||
| 8 | 8 Spain | 35.15 | 2023 | View data | ||
| 9 | 9 Denmark | 31.85 | 2023 | View data | ||
