Pet Food - Slovakia

Slovakia

Revenue in the Pet Food market amounts to €93.05m in 2024. The market is expected to grow annually by 3.18% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (€54,820m in 2024).
In relation to total population figures, per person revenues of €16.90 are generated in 2024.
In the Pet Food market, volume is expected to amount to 43.20m kg by 2029. The Pet Food market is expected to show a volume growth of 1.7% in 2025.
The average volume per person in the Pet Food market is expected to amount to 7.3kg in 2024.

Key regions: Russia, Spain, Philippines, United Kingdom, India

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Pet Food market in Slovakia is facing negligible growth due to various factors such as declining consumer demand, shifting preferences towards natural and organic pet food, and the increasing popularity of homemade pet food. Despite these challenges, the market is expected to slowly grow in the coming years as pet ownership continues to rise in the country.

Customer preferences: As pet ownership continues to rise in Slovakia, consumers are increasingly prioritizing the health and well-being of their furry companions. This has led to a surge in demand for premium and all-natural pet food options, as well as a growing interest in digital solutions for pet care. Online ordering and delivery services for pet food and supplies have become popular, as well as digital tools for tracking and monitoring pets' health and behavior. This trend is driven by the growing importance of pets as members of the family and the desire for convenient and personalized care options.

Trends in the market: In Slovakia, the Pet Food Market is experiencing a surge in demand for natural and organic pet food products, as pet owners become increasingly concerned about the quality and safety of their pets' food. This trend is expected to continue in the coming years, driven by growing consumer awareness and willingness to pay a premium for healthier options. This presents opportunities for industry players to expand their product offerings and differentiate themselves in the market. However, it also poses challenges for smaller pet food companies that may struggle to keep up with the trend due to higher production costs. Additionally, the rise of e-commerce and online shopping is changing the way pet food is distributed, with more consumers opting to purchase pet food online, creating potential challenges for traditional brick-and-mortar pet stores.

Local special circumstances: In Slovakia, the Pet Food Market is influenced by the country's unique geographical and cultural factors. Due to its location in Central Europe, Slovakia has a strong agricultural industry, providing a steady supply of high-quality ingredients for pet food. Additionally, pet ownership is highly valued in Slovakian culture, leading to a growing demand for premium and natural pet food products. The market is also regulated by the European Union, ensuring strict standards for pet food safety and quality. These factors contribute to the dynamic and competitive nature of the Pet Food Market in Slovakia.

Underlying macroeconomic factors: The Pet Food Market within The Food market in Slovakia is heavily impacted by macroeconomic factors such as consumer spending power, economic growth, and government policies. The country's strong economic growth and increasing disposable income have led to a rise in pet ownership and spending on pet food. Additionally, the government's favorable policies and investments in the pet industry have further boosted market growth. However, the market is also vulnerable to global economic trends and potential trade barriers, which could affect the supply of imported pet food products. Furthermore, the growing trend of humanization of pets and demand for natural and organic pet food options are also shaping the market in Slovakia. These factors, along with the country's stable economic conditions, are contributing to the steady growth of the Pet Food Market within The Food market in Slovakia.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.