Pet Food - Slovenia

Slovenia

Revenue in the Pet Food market amounts to US$76.86m in 2024. The market is expected to grow annually by 2.98% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (US$59,740m in 2024).
In relation to total population figures, per person revenues of US$36.27 are generated in 2024.
In the Pet Food market, volume is expected to amount to 31.10m kg by 2029. The Pet Food market is expected to show a volume growth of 0.4% in 2025.
The average volume per person in the Pet Food market is expected to amount to 14.3kg in 2024.

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

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Analyst Opinion

The Pet Food market in Slovenia has seen minimal growth due to factors such as limited consumer awareness, traditional pet feeding habits, and the lack of online pet food services. Despite this, there is potential for growth as pet ownership increases and owners become more health-conscious.

Customer preferences: As the pet humanization trend continues to grow, consumers in Slovenia are increasingly seeking healthier and more natural options for their pets' food. This has led to a rise in demand for organic and locally sourced pet food products. Additionally, pet owners are also looking for personalized and customized pet food solutions, reflecting a shift towards more individualized and holistic approaches to pet care. The rise in pet ownership among millennials and the aging population is also driving the demand for premium and specialized pet food products.

Trends in the market: In Slovenia, the Pet Food Market is experiencing a rise in demand for natural and organic pet food products. This trend is driven by the increasing awareness among pet owners about the benefits of a healthier diet for their pets. Additionally, there is a growing trend of using online platforms and delivery services to purchase pet food, as more consumers prefer the convenience and safety of at-home shopping during the pandemic. This shift towards premium and online pet food purchasing is expected to continue, posing both challenges and opportunities for industry stakeholders to adapt and innovate in order to meet evolving consumer preferences.

Local special circumstances: In Slovenia, the Pet Food Market is heavily influenced by the country's geographical location as a landlocked nation and its strong agricultural sector. This has resulted in a high demand for locally sourced ingredients and products made with traditional farming methods. Additionally, Slovenia has strict regulations on pet food labeling and ingredients, which has led to a preference for premium and organic products. These unique factors have contributed to a thriving market for specialty pet food in Slovenia.

Underlying macroeconomic factors: The Pet Food Market in Slovenia is greatly impacted by macroeconomic factors such as the country's overall economic health, global economic trends, fiscal policies, and other relevant financial indicators. Slovenia's strong economic growth and stable political climate have created a favorable environment for market growth. Additionally, the rising disposable income of Slovenian consumers has increased demand for premium pet food products. However, fluctuations in global commodity prices, currency exchange rates, and trade policies can also affect the market's performance. Moreover, the aging population and increasing pet ownership in Slovenia are expected to further drive the demand for pet food products in the coming years.

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.