The household expenditure on veterinary and other pet-related services in France is projected to grow steadily over the next five years. From 244 million Euros in 2024, it is expected to rise to 258 million Euros by 2028. This trend indicates an average annual growth rate, or CAGR, of approximately 1.4%. In 2023, the expenditure stood at 240 million Euros, highlighting a year-on-year increase of 1.7% from 2023 to 2024.
Future trends to watch for include:
- Increased pet ownership and the humanization of pets driving demand for higher veterinary and pet services.
- Technological advancements in veterinary care improving service offerings and efficiency.
- Potential economic factors affecting discretionary spending on pet-related services.
