Key Market Indicators
Sweden's animal feed market is projected to see a slight decline in the coming years. Sales are expected to drop to approximately €591 million by 2028, down from around €621 million in 2023. This represents a compound annual growth rate (CAGR) decrease of 0.8% year over year. Despite this downturn, the market had seen a marginal annual increase of 0.1% since 2013. In the 2023 rankings, Sweden held the 20th position, with Lithuania leading at €621 million. Germany, France, and the Netherlands secured the second, third, and fourth spots, respectively. On the export front, Swedish animal feed exports are anticipated to reach about 40.3 million kilograms by 2028, up from roughly 39.1 million kilograms in 2023. This reflects a steady growth rate of 0.5% annually. Since 1997, Sweden's animal feed supply has increased by 0.9% each year. In 2023, Sweden was ranked 46th, with Greece surpassing it at 39.1 million kilograms. Germany, Belgium, and the United States held the second, third, and fourth positions in this category. Imports of animal feed into Sweden are expected to decline, reaching around 50.7 million kilograms by 2028, down from approximately 56.4 million kilograms in 2023. This marks a yearly average decrease of 1.7%. Since 1997, the demand for imported animal feed in Sweden has fallen by 2.4% annually.