In 2023, Germany led European prepared pet food wages and salaries with €548.8M, reflecting a 4.97% growth from the previous year. France and the UK followed, with notable growth rates at 2.82% and 1.61% respectively. Smaller markets like Lithuania and Latvia experienced significant increases of 18.49% and 55.18%, indicating a burgeoning sector. Conversely, Greece and Iceland saw declines, at -1.21% and -13.67%, pointing to possible economic challenges or market saturation.
Future trends to watch involve continued growth opportunities in Eastern Europe, as countries like Hungary and Bulgaria have shown double-digit growth, suggesting untapped potential. Monitoring economic shifts and consumer trends could uncover new growth avenues.
Top countries in Prepared Pet Food Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 548.8 | 2023 | +5.46% | +4.97% | View data |
| 2 | 2 France | 412.5 | 2023 | +2.82% | +2.82% | View data |
| 3 | 3 United Kingdom | 222.8 | 2023 | +1.09% | +1.61% | View data |
| 4 | 4 Austria | 102 | 2023 | +11.84% | +13.78% | View data |
| 5 | 5 Hungary | 98.1 | 2023 | +5.6% | +7.76% | View data |
| 6 | 6 Spain | 86 | 2023 | +4.12% | +4.29% | View data |
| 7 | 7 Italy | 63.2 | 2023 | +2.27% | +3.01% | View data |
| 8 | 8 Belgium | 52.5 | 2023 | +21.53% | +15.86% | View data |
| 9 | 9 Poland | 47.7 | 2023 | 0% | +1.19% | View data |
| 10 | 10 Czech Republic | 40.5 | 2023 | +4.11% | +6.48% | View data |
