Sweden Pet Food Market Forecast 2022-2028
KEY FINDINGS
The Sweden pet food market is predicted to rise with a CAGR of 0.78% in terms of volume and 1.33% in terms of revenue across the forecasted years of 2022 to 2028. The country’s market growth is accredited to key drivers, including the increasing premiumization trend in pet food and pet humanization.
MARKET INSIGHTS
Pet humanization, or more specifically pet parenting, is set to play a major role in pet care trends. For instance, households without children, characterized by higher disposable incomes, are more likely to have pets. Besides, this trend is widely prevalent for the companionship they offer.
In addition, households treat pets as family members, with a desire to want the best for them. This aspect will shape purchasing patterns, bolstering them towards premium-priced pet food as well as rising expenditure on pet products. Furthermore, with growing sustainability and environmental concerns, the use of packaging made with recyclable and sustainable materials is set to observe a notable trend in Sweden, as well. Therefore, these factors are set to augment the market growth in the country during the forecast period.
COMPETITIVE INSIGHTS
The degree of rivalry among existing firms within the pet food market is high. Some of the top players operating in the market are Daejoo Inc, Natural Core Co Ltd, Wooriwa Co Ltd, etc.
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• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
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