Based on the provided data, the forecasted sold production of prepared pet foods in Norway is set to increase steadily from 47.175 million kilograms in 2024 to 49.381 million kilograms in 2028. The year-on-year variations indicate a consistent growth trend: a 1.2% increase from 2024 to 2025, a 1.1% increase from 2025 to 2026, a 1.1% increase from 2026 to 2027, and a 1.1% increase from 2027 to 2028. These consistent year-on-year increases compound into a healthy average annual growth rate (CAGR) over the five-year period.
Future trends to watch for include shifts in consumer preferences towards premium or specialized pet foods, potential impacts of regulatory changes on production practices, and the emergence of new market players aiming to tap into this increasingly lucrative sector. Monitoring these trends will be crucial for anticipating further shifts in production volume and market dynamics.
