The dog and cat foods market in Finland has shown a steady increase from 2013 to 2023, with a minor drop in 2020 due to external factors likely associated with the COVID-19 pandemic. In 2023, the market stood at 215.03 million Euros. The market experienced a year-on-year variation of 5.17% from 2022 to 2023, showcasing resilience and a return to growth. Over the last five years, a compound annual growth rate (CAGR) of 1.82% was observed. Future growth forecasts predict a 2.13% CAGR, totaling an 11.11% market expansion by 2028.
Future trends to watch for include:
• Increasing consumer preference for premium, organic, and specialized pet foods.
• Growth in e-commerce and direct-to-consumer sales channels.
• Innovations in pet food formulations focusing on health and wellness.
