The market size volume of dog and cat foods in Belgium stood at 289.15 million kilograms in 2023. Over the past two years, the market showed a steady increase, with a year-on-year growth rate of 4.08% in 2022 and 2.52% in 2023. The compound annual growth rate (CAGR) over the last five years (2019-2023) was 2.15%. Looking ahead, the forecast indicates a continued growth trend with a projected increase to 323.66 million kilograms by 2028. The expected five-year CAGR from 2024 to 2028 is 1.79%, resulting in an overall growth rate of 9.27% over this period.
Future trends to watch for:
- Increased demand for premium and specialized pet food products.
- Growing consumer preference for organic and natural ingredients.
- Rising pet ownership and humanization of pets driving market expansion.
- Innovation in packaging and convenience features.
- Potential impact of economic factors on spending patterns for pet food.
