The prepared pet food turnover in Spain showed substantial growth from 2013 to 2023. Starting at €748.6 million in 2013, it steadily increased to €1340 million in 2023. Year-on-year growth varied, with notable peaks in 2014 (6.87%), 2015 (10.04%), 2016 (9.94%), and 2018 (14.39%), followed by a decline in 2019 (−8.64%) and a recovery in 2020 (14.55%). Growth trends slowed down in recent years, with year-on-year increases at 4.67% in 2022 and 4.35% in 2023. The CAGR over the last five years averaged at 3.73%.
Looking forward to 2024 and beyond, the market is forecasted to continue growing, reaching €1600 million by 2028, driven by an expected 5-year CAGR of 2.8% and an overall growth of 14.8%. Key trends to watch include an increased focus on premium pet food segments, sustainable and healthy ingredients, and the expanding e-commerce market for pet food products.
