The export of dog or cat food from Germany has witnessed steady growth since 2013, with actual values increasing from 596.56 million kilograms to 970.05 million kilograms by 2023. The year-on-year variation demonstrates a gradual decline, from a high of 11.38% in 2014 to 2.76% in 2023. The Compound Annual Growth Rate (CAGR) has also shown a downward trend over time, moving from 8.61% for the five years ending in 2015 to 3.15% for the five years ending in 2023.
Forecast data from 2024 to 2028 projects continuing growth, albeit at a slower pace, with a forecast 5-year CAGR of 1.88% and a forecast 5-year growth rate of 9.77%. This indicates that while growth is expected to continue, it will be at a more moderate rate compared to previous years.
Future trends to watch for include increased competition from other countries, changes in global pet ownership patterns, and economic factors influencing consumer spending. Environmental concerns and shifts towards sustainable and organic pet food could also impact future growth trends.
