The price per unit of dog and cat foods in the UK from 2010 to 2019 shows a fluctuating but generally upward trend. The steepest increase occurred between 2014 and 2015, with a notable decline in 2016 before slightly recovering. By 2019, prices stood at 2.21 Euros per kilogram. Analyzing year-on-year percentage variations, recent years had minor fluctuations. From 2015 to 2019, the compound annual growth rate has been moderate with sustained small increases suggesting a slowly growing market up to 2019.
Future trends to watch include:
- Impact of economic conditions on pricing and consumer behavior in 2024.
- Potential effects of sustainability trends and premium pet food options.
- Influence of global trade policies on pricing dynamics in the UK.
