The Prepared Pet Foods market in Finland showed consistent growth from 2012 to 2019, with a notable CAGR of 3.74% during this period. The market value increased from €158.26 million in 2012 to €213.88 million in 2019. However, 2020 saw a significant dip of -11.06%, bringing market value down to €190.23 million, likely due to pandemic-related shifts. Recovery was observed in 2021 with a 9.72% increase, and the market stabilized in 2022 with a minimal 0.45% growth, reaching €209.67 million. Overall, the CAGR for the last five years (2017-2022) stood at 2.08%.
Future trends to watch for include the impact of increasing health-conscious pet owners, a growing inclination towards premium and organic pet foods, and potential market volatility influenced by economic factors. The focus on sustainability and ethical sourcing are likely to shape consumer preferences and drive market innovations in the coming years.
How does Finland rank in Prepared Pet Foods Market Size Value?
| # | 17 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 4,342,500,000 | 2023 | +5.4% | +5.83% | View data |
| 2 | 2 United Kingdom | 3,778,100,000 | 2023 | +0.51% | +2.14% | View data |
| 3 | 3 France | 3,661,900,000 | 2023 | +2.74% | +4.38% | View data |
| 4 | 4 Italy | 1,898,100,000 | 2023 | +2.52% | +0.61% | View data |
| 5 | 5 Spain | 1,691,400,000 | 2023 | +4.83% | +7.22% | View data |
| 8 | 8 Hungary | 293,380,000 | 2023 | +2.74% | +2.86% | View data |
| 9 | 9 Greece | 287,170,000 | 2023 | -0.14% | +5.23% | View data |
| 10 | 10 Finland | 223,370,000 | 2023 | +5.49% | +2.03% | |
| 11 | 11 Denmark | 192,280,000 | 2023 | +4.49% | +5.4% | View data |
| 12 | 12 Croatia | 100,070,000 | 2023 | +4.48% | +6.07% | View data |
