The prepared pet food production value in Austria has exhibited fluctuating trends from 2013 to 2023. In 2023, the value stood at 498.8 million Euros, reflecting consistent growth since 2016. The year-on-year percentage variation revealed peaks in 2017 and a moderated growth rate in recent years, with a 2.23% increase in 2023. The CAGR over the last five years was 3.07%, showing a decelerating trend.
Forecasted data from 2024 onwards indicate a steady growth trend with an average annual increase (CAGR) of 0.99%, achieving a projected value of 533.7 million Euros in 2028, which translates to a forecasted five-year growth rate of 5.06%.
Future trends to watch for include potential market inflation, shifts in consumer preferences towards premium and sustainable products, and the impact of global supply chain dynamics on production costs and availability. It will also be important to monitor technological advancements in pet food manufacturing and increasing demand for specialized pet food products.
