In 2023, the Prepared Pet Food Production Value in Norway was €45 million. The forecast for the upcoming years showcases a consistent upward trend. From 2024 to 2028, the production value is expected to increase from €46.8 million to €54.0 million.
- Year-on-year variation forecasted from 2024 to 2028 exhibits a steady growth rate: - 2024-2025: 3.85% - 2025-2026: 3.70% - 2026-2027: 3.57% - 2027-2028: 3.45%
- The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 stands at approximately 3.64%.
Future trends to watch for include potential impacts from changes in pet ownership rates, emerging health and wellness trends in pet food, and sustainability practices within the industry which could influence production methodologies and customer preferences.
