The Prepared Pet Foods market in Latvia demonstrated a fluctuating trend from 2013 to 2023, with a growth trajectory overall. The market size reached 30.154 million kilograms in 2023. The year-on-year growth rate showed higher volatility, with notable increases in 2016 and 2022 but slight declines around 2020 and 2021. Over the past five years, the compound annual growth rate (CAGR) averaged at 1.35%, indicating modest growth.
Future trends to watch for:
- Expansion of premium pet food segments with a focus on health and wellness.
- Rise in demand for organic and sustainable pet food options.
- Potential growth in e-commerce sales channels.
- Influence of emerging pet ownership patterns on market demand.
| # | 20 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 1,791,300,000 | 2023 | -0.19% | +0.73% | View data |
| 2 | 2 Germany | 1,570,000,000 | 2023 | +0.4% | +0.71% | View data |
| 3 | 3 France | 1,390,700,000 | 2023 | +0.53% | +1.64% | View data |
| 4 | 4 Italy | 1,092,500,000 | 2023 | +2.26% | +0.84% | View data |
| 5 | 5 Spain | 1,020,400,000 | 2023 | +1.78% | +2.49% | View data |
| 17 | 17 Sweden | 75,124,000 | 2023 | +1.04% | +0.86% | View data |
| 18 | 18 Lithuania | 40,902,000 | 2023 | +0.63% | -1% | View data |
| 19 | 19 Latvia | 30,154,000 | 2023 | +2.02% | +1.35% | |
| 20 | 20 Estonia | 22,349,000 | 2023 | +2.26% | +1.65% | View data |
