The prepared pet food turnover in Finland experienced significant fluctuations from 2013 to 2023, with values expressed in Million Euros. The highest year-on-year growth was observed in 2013 at 15.57%, while the most substantial decline occurred in 2020 with -29.06%. After reaching a turnover of 39.8 million Euros in 2023, the market is forecasted to grow steadily with an expected CAGR of 2.79% over the next five years, culminating in a projected turnover of 47.4 million Euros by 2028.
Key variations over the last two years show a healthy growth: 15.02% in 2022 and 10.56% in 2023. Over the past five years, the market exhibited an average annual variation of 4.99%, indicating recovery and a positive growth trend.
Future trends to watch include:
- Increased demand for premium and specialty pet food.
- Rising consumer awareness regarding pet nutrition and health.
- Potential market expansion due to innovations in pet food formulations and packaging.
