The Dog and Cat Foods market in Denmark has shown steady growth over the past decade, with occasional fluctuations. In 2023, the market size stood at 192.28 Million Euros. From 2013 to 2023, growth trends varied, with a noticeable peak in 2016, slight declines in 2017, and robust growth in 2019. Over the last two years, the market saw steady increases: 4.75% in 2022 and 4.49% in 2023. The Compound Annual Growth Rate (CAGR) from 2019 to 2023 averaged 5.4%. Forecasts project continued market expansion, reaching 232.39 Million Euros by 2028, with an expected CAGR of 3% over the next five years.
Future trends to watch for in the Dog and Cat Foods market in Denmark include:
- Increasing premiumization of pet food products.
- A shift towards organic and natural pet food offerings driven by consumer awareness.
- Rise in e-commerce and direct-to-consumer sales channels.
- Technological advancements in pet food production and packaging.
- Expansion of product lines catering to pet health and wellness.