The sold production of prepared pet foods in Finland has displayed significant variability from 2013 to 2023. In 2023, the value stood at 29.062 million Euros, reflecting a 16.99% year-on-year increase from 2022. Over the past five years, the Compound Annual Growth Rate (CAGR) was 8.64%, showing robust growth despite some annual fluctuations.
Key historical trends include a notable drop of 49.1% in 2020 followed by a strong rebound in 2021 with a 38.75% increase. The figures from 2019 to 2023 highlight a recovery trend, culminating in the significant growth seen in 2023. Forecast data suggests a continued upward trajectory with a forecasted 5-year CAGR of 3.57% and an overall growth rate of 19.15% by 2028.
Future trends to watch for in Finland's prepared pet food market include potential market saturation, shifting consumer preferences toward premium and specialized pet foods, and increasing competition both locally and from international brands.
