The prepared pet foods market in Denmark reached a volume of 77.198 million kilograms in 2023. Over the past two years, this market has experienced moderate growth, with a year-on-year variation of 10.46% in 2022 and 4.76% in 2023. Looking at a longer horizon, the market saw significant fluctuations, particularly in 2020 when it dropped by 22.7%, but it has been on a recovery path since. The compound annual growth rate (CAGR) over the last five years is -0.33%. Forecasts predict a steadier period ahead with an average annual growth rate of 0.01% through 2028.
Future trends to watch for include:
- Consumer preferences for premium and health-oriented pet foods.
- Impact of economic factors on pet ownership and spending.
- Introduction of innovative products or brands.
- Potential shifts due to regulatory changes or environmental considerations.
