Finland Pet Food Market Forecast 2022-2028
KEY FINDINGS
The Finland pet food market is set to record a CAGR of 1.44% in terms of volume and 2.14% in terms of revenue during the forecast period, 2022-2028. The increasing pet population, the growing pet humanization, and the rising demand for nutritious pet foods drive market growth.
MARKET INSIGHTS
In Finland, the pandemic boosted pet ownership, leading to high pet products and foods sales. The pet owners spent more time with their pets since they were working from home. Also, general research shows that owning a companion animal like a cat or dog improves mental well-being. The pandemic caused a restrained lifestyle, leading to a rise in mental health disorders like anxiety and depression.
In addition, the pandemic-induced loneliness and isolation drove people towards pets since they are great pacifiers that offer a sense of purpose, emotional support, and unconditional company. As a result, pet adoption is on the rise in Finland. Moreover, consumers have become more attentive towards the foods being fed to their pets. Furthermore, the positive aspect of pet humanization is promoting increased consumer expenditure on pet care in the country. Such factors propel market growth in Finland.
COMPETITIVE INSIGHTS
Some of the prominent companies in the market include Mars Incorporated, Berner Oy, Royal Canin, S Group, Nestle Purina PetCare, etc.
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