Over the period from 2012 to 2022, the Dog and Cat Foods Market in Denmark has showcased significant growth. Starting at 122.42 million Euros in 2012, the market saw fluctuations, with a notable decline in 2013 (-7.6%) and a recovery afterward. By 2018, the market value had surged to 147.8 million Euros, continuing an upward trend to reach 186.64 million Euros in 2022. The Compound Annual Growth Rate (CAGR) over the last five years was approximately 6.94%, indicating robust growth. For the last two years, the market showed moderate year-on-year growth rates with 3.12% in 2021 and 3.52% in 2022.
The future trends to watch for in the Dog and Cat Foods Market in Denmark include the increasing demand for premium and organic pet foods, driven by the rising pet humanization trend. There is also potential growth in the e-commerce segment as more consumers shift towards online purchasing for convenience. Additionally, sustainability concerns may drive the demand for eco-friendly packaging and natural ingredients in pet foods.
How does Denmark rank in Dog and Cat Foods Market Size Value?
| # | 16 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 3,672,400,000 | 2023 | +2.88% | +4.56% | View data |
| 2 | 2 Germany | 3,608,100,000 | 2023 | +4.59% | +5.23% | View data |
| 3 | 3 United Kingdom | 3,366,400,000 | 2023 | +0.32% | +1.9% | View data |
| 4 | 4 Italy | 1,819,400,000 | 2023 | +2.75% | +0.64% | View data |
| 5 | 5 Spain | 1,641,300,000 | 2023 | +4.75% | +7.03% | View data |
| 9 | 9 Greece | 248,600,000 | 2023 | +1.78% | +6.84% | View data |
| 10 | 10 Finland | 215,030,000 | 2023 | +5.17% | +1.82% | View data |
| 11 | 11 Denmark | 192,280,000 | 2023 | +4.49% | +5.4% | |
| 12 | 12 Croatia | 100,070,000 | 2023 | +4.48% | +6.07% | View data |
| 13 | 13 Slovakia | 97,245,000 | 2023 | +3.34% | +5.03% | View data |