The wages and salaries in the Prepared Pet Food sector in France displayed varied growth between 2013 and 2023, showing a general upward trend from 290.9 million Euros in 2013 to 412.5 million Euros in 2023. The data reflects fluctuations with significant increases notably in 2017 (12.05%) and in later years like 2019 and 2021. However, there has been a gradual stabilization in growth rates, with 2023 recording a 2.82% increase over 2022. The CAGR over the last five years up to 2023 stands at 2.82%.
The forecast from 2024 onwards predicts a consistent increase with a projected CAGR of 2.01% over the next five years. By 2028, the wages and salaries are expected to reach 468.1 million Euros, indicating an overall growth rate of 10.48% from the 2023 baseline.
Future Trends to Watch:
• Increased automation and AI could influence wage structures.
• Rising demand for premium pet food may drive sector expansion.
• Shifts in labor market dynamics and costs due to economic policies.
