The Italian pet food industry is set for continued growth in 2024, despite the impact of recent Russian import restrictions on dog and cat foods. Nestlé Purina PetCare is spearheading this growth with a substantial investment of €472 million (US$507 million) in a new pet food factory in Mantua, Italy, slated for completion in 2027. This facility will produce wet pet food, reinforcing Italy’s robust pet food market, which is projected to reach US$3.92 billion in 2024, growing at a CAGR of 2.10% from 2024 to 2029, according to Statista. Italy leads Europe in pet bird ownership with 12.9 million pet birds, alongside a significant number of pet dogs and cats. Leading the market are top companies like Monge & C. S.p.A. with an annual revenue of US$500 million, Farmina Pet Foods with US$427 million, and Morando with US$141 million, highlighting the industry’s strength and potential.
Advertisement
