The maize feed market in Italy experienced notable fluctuations between 2014 and 2023. After a significant dip in 2015, the market showed a slight recovery and stabilization, peaking in 2018 with a year-on-year increase of 5.07%. However, since then, there has been a gradual decline, with 2023 marking a year-on-year decrease of 1.07%, bringing the volume to 9.84 million metric tons. The compound annual growth rate (CAGR) over the last five years has been -1.53%, indicating a consistent downtrend.
Future trends to watch for include:
- The continued decrease in maize feed volume, projected at a CAGR of -0.92% up to 2028.
- Monitoring the impact of technological advancements and sustainable practices in agriculture.
- Potential effects of climate change and regulatory policies on crop yields and feed production.
