Between 2013 and 2015, the UK saw significant growth in the sold production of dog and cat food, peaking in 2015 with a year-on-year increase of 15%. However, from 2016 onward, the market experienced fluctuations, including notable declines in 2017 and 2018. By 2023, the sold production stabilized around 1.75 Billion Euros, with minor annual decreases projected from 2024 to 2028. The Compound Annual Growth Rate (CAGR) over the past five years indicates a slight positive trend of 1.02% as of 2023, while the forecasted CAGR from 2024 to 2028 suggests a small negative average annual change of -0.14%.
Future trends to watch for:
- Consumer preferences for premium and organic pet food
- Potential impact of regulatory changes on production and sales
- Advances in pet food technology and innovation
- Economic factors influencing pet ownership rates
- Shifting demographics and urbanization trends affecting pet food demand
