Key Market Indicators
Italian Animal Feed Sales are projected to decline slightly, reaching approximately €5.4 billion by 2028, down from €5.42 billion in 2023. This represents an average annual decrease of 0.1%. Over the past decade, the market has seen a modest average annual growth of 0.3%. In 2023, Italy ranked seventh globally, with Poland just ahead at €5.42 billion. Leading the market were Germany, France, and the Netherlands, securing the second, third, and fourth positions, respectively. On the import front, Italy's Animal Feed Imports are expected to grow marginally, reaching around 276 million kilograms by 2028 from 273 million kilograms in 2023. This marks an average annual growth rate of 0.2%. Since 1999, the demand for animal feed in Italy has decreased by an average of 0.6% annually. In contrast, Italy's Animal Feed Exports are set to surge, projected to reach nearly 930 million kilograms by 2028, up from 765 million kilograms in 2023. This reflects a robust compound annual growth rate (CAGR) of 3.1%. Since 1999, the supply of animal feed from Italy has increased by an average of 5% each year. In 2023, Italy ranked sixth in exports, with China just ahead at 765 million kilograms. Germany, Belgium, and the United States held the second, third, and fourth spots, respectively.
