The sold production of dog or cat food in Italy has displayed notable fluctuations over the past decade. Starting in 2013 with 873.91 million kilograms, the trend saw a sharp decline up to 2015, followed by sporadic growth and dips. By 2023, the sold production reached 1025.8 million kilograms, recovering considerably from earlier lows. Recent trends show steady year-on-year growth with a 4.03% increase in 2023. The five-year CAGR leading up to 2023 was a robust 9.94%, indicating accelerated expansion in recent years. The forecasted period from 2024 to 2028 maintains a slower yet positive growth trajectory with a 2.73% CAGR, projecting a 14.41% overall increase.
Future trends to watch for:
- Innovations in pet food formulations catering to specific dietary needs.
- Increasing demand for organic and sustainable pet food products.
- Growth in premium segment driven by higher pet ownership rates.
