The value per capita of the dog and cat foods market in Italy for 2023 is €29.50. Forecast data indicate that per capita spending is expected to rise consistently from €29.59 in 2024 to €29.78 in 2028. Over the last two years, the market has shown a stable growth rate, with consistent annual increases of approximately 0.2% each year. The five-year period from 2024 to 2028 reflects a modest CAGR of around 0.20%.
Future trends to watch for:
- Continued growth in premium and specialized pet foods driven by consumer preferences for higher-quality products.
- Increasing pet ownership rates, influenced by social trends and demographic shifts.
- A potential rise in e-commerce distribution channels for pet food, potentially impacting traditional retail sales.