The Dog and Cat Foods market in Latvia reached 85.448 million Euros in 2023. From 2013 to 2023, this market experienced significant growth. A notable expansion occurred from 2016 to 2018, with double-digit increases in market size, peaking in 2020 with a 13.9% year-on-year growth. The last two years saw more modest growth, with 3.69% in 2023. Over the past five years, the compound annual growth rate (CAGR) averaged 5.34%, reflecting a stable market maturity phase.
Future trends to watch for:
- Rising health consciousness among pet owners driving demand for premium and natural pet food products.
- Increased focus on sustainable and environmentally friendly packaging options.
- Expansion opportunities in e-commerce, as online pet food sales grow.
- Possible challenges from global supply chain disruptions impacting costs and availability.
| # | 16 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 3,672,400,000 | 2023 | +2.88% | +4.56% | View data |
| 2 | 2 Germany | 3,608,100,000 | 2023 | +4.59% | +5.23% | View data |
| 3 | 3 United Kingdom | 3,366,400,000 | 2023 | +0.32% | +1.9% | View data |
| 4 | 4 Italy | 1,819,400,000 | 2023 | +2.75% | +0.64% | View data |
| 5 | 5 Spain | 1,641,300,000 | 2023 | +4.75% | +7.03% | View data |
| 12 | 12 Croatia | 100,070,000 | 2023 | +4.48% | +6.07% | View data |
| 13 | 13 Slovakia | 97,245,000 | 2023 | +3.34% | +5.03% | View data |
| 14 | 14 Latvia | 85,448,000 | 2023 | +3.69% | +5.34% | |
| 15 | 15 Lithuania | 66,322,000 | 2023 | +1.84% | +2.42% | View data |
| 16 | 16 Estonia | 65,773,000 | 2023 | +6.27% | +8.14% | View data |
