Between 2013 and 2023, the wages and salaries in the UK's prepared pet food sector saw various fluctuations. Starting at 197.7 million euros in 2013, it peaked dramatically in 2015 at 250.3 million euros before dipping to 205.7 million euros in 2018. From 2019 onwards, a steadier growth pattern emerged, reaching 222.8 million euros by 2023. Year-on-year variations highlight notable instability from 2013 to 2015, with periods of decline and recovery from 2016 onwards. The compound annual growth rate (CAGR) over the last five years averaged 1.61%.
The forecast from 2024 to 2028 predicts gradual growth, with wages expected to rise from 225.1 million euros to 233.9 million euros. The forecasted 5-year CAGR is 0.77%, indicating a steady, albeit slow, upward trend.
Future trends to watch for include the potential impact of economic fluctuations, inflation rates, and changes in consumer demand for prepared pet food, which could all affect wage and salary levels in the sector.
