The prepared pet foods market in Latvia grew steadily from 2013 to 2023, reaching a market size of 85.448 million Euros in 2023. Despite minor fluctuations, the market showed resilience with consistent year-on-year increases except for a decline in 2021. The last two years observed growth rates of 4.68% in 2022 and 3.69% in 2023. Over the past five years, the compound annual growth rate (CAGR) settled at 5.34%, indicating a stable expansion trajectory.
Future trends to watch include:
- Increasing consumer preference for premium and organic pet food products.
- Rising pet adoption trends driving demand.
- Impact of e-commerce on market dynamics and distribution channels.
- Potential challenges related to supply chain and raw material costs.
| # | 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 |
| 12 | 12 Croatia | 100,070,000 | 2023 | +4.48% | +6.07% | View data |
| 13 | 13 Slovakia | 97,204,000 | 2023 | +3.3% | +5.02% | View data |
| 14 | 14 Latvia | 85,448,000 | 2023 | +3.69% | +5.34% | |
| 15 | 15 Estonia | 67,301,000 | 2023 | +6.39% | +8% | View data |
| 16 | 16 Lithuania | 66,050,000 | 2023 | +1.62% | +2.19% | View data |
