The prepared pet food turnover in France has shown a steady upward trend from 2013 to 2028, with minor fluctuations. In 2023, the turnover stood at 4.41 billion euros. Over the years, the market has experienced occasional dips, such as in 2016 and 2019. However, substantial growth periods, notably in 2017, have balanced out these declines. From 2020 to 2023, the year-on-year variation maintained a positive trajectory, indicating consistent demand in the pet food market.
Looking forward, the forecast data between 2024 and 2028 suggests an average annual growth (CAGR) of 1.45%. This period hints at a moderately paced, yet continuous increase in turnover, resulting in an estimated 4.83 billion euros by 2028. Although the average growth per year is less aggressive than in previous periods, the overall market appears resilient.
Future trends to watch for:
- Shift towards premium and organic pet food products.
- Increased consumer awareness concerning pet nutrition and health benefits.
- Technological advancements in pet food manufacturing.
- Potential impacts of economic fluctuations on consumer spending habits.
- Expansion of e-commerce and online pet food sales.
