In 2023, there were 387 enterprises in the prepared pet food sector in Germany. The forecasted figures suggest a steady growth in the number of enterprises, reaching 469 by 2028. This represents a Compound Annual Growth Rate (CAGR) of approximately 3.85% between 2024 and 2028. Year-on-year growth figures are consistent, with each year seeing an increase in the number of enterprises. This indicates a robust expansion trend in the sector.
Future trends to watch for:
- Increased demand for premium and specialized pet food products.
- Potential impact of regulatory changes on market dynamics.
- Technological advancements in pet food production and distribution.
- Consumer preferences shifting towards sustainable and organic products.
