Analysis of the sold production of prepared pet foods in France reveals an overall growth trend from 2013 to 2023, with a notable value of 3.2327 billion Euros in 2023. The market experienced fluctuations with periods of negative growth in 2017 and 2018, and a significant rebound with year-on-year increases like 7.31% in 2020 and 6.95% in 2019. Over the last two years, growth rates were 1.3% in 2022 and 1.45% in 2023. The five-year CAGR up to 2023 stands at 4.38%, indicating steady average annual growth.
Forecasted data from 2024 to 2028 suggest continued growth, albeit at a slower average annual rate (1.07% CAGR) with an overall increase of 5.45% over the five-year period. Trends to watch for include potential impacts from shifting consumer preferences towards more premium and health-focused pet food products, and potential market expansion driven by the increasing pet ownership rates in France.
