SPAIN PET FOOD MARKET 2022-2026
MARKET OUTLOOK
According to Triton’s report, the pet food market in Spain is projected to advance at a compound annual growth rate of 3.23% in revenue and 2.12% in terms of volume during the projecting period between 2022 and 2026.
The growing health concerns have highlighted the need to maintain pet health among pet owners across Spain. Moreover, several consumers are improving their health habits, resulting in the growing demand for healthier and organic food products for their pets. This trend is expected to fuel the production and launch of food ranges targeting overweight animals over the forecasted period. This trend has also boosted the demand for premium products that address health issues in pets.
Further, the pet humanization trend has become an integral part of the pet industry, with a growing focus on offering human-like products to pets. The pandemic outbreak further fueled the humanization trends, influencing the emergence of various local products offering sustainable products. The rise in disposable income has also increased the sales of premium products in the country, thereby driving the Spanish pet food market over the forecast period.
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