Key Market Indicators
Dane Animal Feed Sales are projected to rise to €3.36 billion by 2028, up from €3.27 billion in 2023. This marks an average annual growth of 0.5%. Despite this modest increase, the market has remained relatively stable since 2013, showing no significant year-on-year decline. In 2023, Denmark ranked 10th globally, with Norway surpassing it with sales of €3.27 billion. Leading the pack were Germany, France, and the Netherlands, occupying the second, third, and fourth spots, respectively. In terms of exports, Dane Animal Feed is expected to reach approximately 400 million kilograms by 2028, up from about 363 million kilograms in 2023. This represents an average annual growth rate of 1.5%. Since 1994, the country's supply has consistently grown by 5.3% per year. Denmark held the 12th position in 2023, with Hungary taking the lead at 363 million kilograms. Germany, Belgium, and the United States followed, ranking second, third, and fourth, respectively. On the import front, Dane Animal Feed is anticipated to decline to around 201 million kilograms by 2028, down from 218 million kilograms in 2023. This indicates an average annual decrease of 1.3%. However, since 1994, the demand in Denmark has increased by 2.8% per year.
