The UK's prepared pet food production experienced fluctuations from 2013 to 2023. The highest point was in 2017 with a volume of 1.9419 billion kilograms, followed by a significant drop in 2018. By 2023, production was at 1.5574 billion kilograms. Year-on-year variations showed notable increases, such as a 15.62% rise in 2017, and steep declines, like the 23.01% fall in 2018. Over the last five years, from 2018 to 2023, the market saw a negative trend with a CAGR of -0.28%, indicating a gradual decrease.
Looking forward, from 2024 onwards, the outlook suggests a continuous, albeit slow, decline in production with an expected 5-year CAGR of -0.28%. Key trends to watch include shifts in pet ownership patterns, changes in consumer preferences towards sustainability, the impact of new regulations, and potential advancements in pet food technology.
