The dog and cat foods market volume in Austria has shown a mixed trend over the past decade. It stood at 193.45 million kilograms in 2023, reflecting a steady yet modest growth over the previous years. The year-on-year variation for 2021 to 2023 ranged from 1.16% to 1.24%, depicting a stable but slow upward trajectory. The 5-year CAGR up to 2023 was 1.99%, suggesting a positive but moderate average annual growth.
From 2013 to 2022, fluctuations were more pronounced with notable variance, such as a dip in 2018 followed by recovery in subsequent years. The forecast indicates continued growth with a projected volume reaching 203.9 million kilograms in 2028, and a forecasted 5-year CAGR of 0.83%. Key points include:
- 2013 to 2017: Stable and positive growth with percentages ranging from 1.64% to 3.25%
- 2018: Significant decline of -8.64%
- 2019 to 2023: Gradual recovery and consistent growth around 1% year-on-year
- Overall recovery and growth forecast until 2028
Future trends to watch for include potential shifts in consumer preferences towards premium and specialized pet foods, potential impacts of economic factors on consumer spending, and advancements in pet food technology that could influence market dynamics.
