The dog and cat food market in Denmark experienced fluctuations over the decade. Starting at 77.281 million kilograms in 2013, it decreased to 69.355 million kilograms in 2014, followed by a gradual rebound to 78.614 million kilograms in 2016. Between 2017 and 2019, it maintained stability around 78 million kilograms before a sharp decline to 60.603 million kilograms in 2020. Recovery was noticeable in 2021 and 2022, with the market reaching 77.198 million kilograms in 2023, nearly returning to 2013 levels.
Notable year-on-year changes include a significant drop of 22.7% in 2020 and a subsequent recovery with increases of 10.08% in 2021 and 10.46% in 2022. From 2019 to 2023, the five-year CAGR was -0.33%, indicating overall market stability with slight declines. Future forecasts show minimal growth, with the market stabilizing around 77.227 million kilograms by 2028.
Future trends to watch for include: - Stability in market volume. - Potential market shifts due to evolving pet food preferences. - Impact of economic conditions on pet ownership and spending.
