In 2023, the sold production of prepared pet foods in Spain stood at 1.25 billion kilograms. For the forecasted period from 2024 to 2028, the values are projected to see a consistent upward trend. Year-on-year percentage increases are as follows: 2.34% for 2024, 2.33% for 2025, 2.24% for 2026, 2.18% for 2027, and 2.11% for 2028. Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is projected to be 2.24%.
Future trends to watch for include the increasing demand for premium and specialty pet foods, a shift towards sustainable and eco-friendly packaging, and the potential impact of economic fluctuations on consumer spending in the pet food market.