The prepared farm animal feeds production value in Poland achieved a notable rise from 2.81 billion Euros in 2013 to 4.61 billion Euros in 2023. Over the past decade, the production value experienced fluctuations, with notable growth periods, especially from 2016 to 2020. The year-on-year growth rates showcase a consistent upward trend, peaking at 12% in 2020. As of 2023, the year-on-year growth rate stood at 3.59%, with the most recent five-year CAGR being 5.83%.
The forecast from 2024 to 2028 suggests a steady increase, with a forecasted CAGR of 2.44% over the next five years, projecting the market value to reach 5.38 billion Euros by 2028. This translates to a forecasted overall growth rate of 12.8% over the forecast period.
Future trends to watch for include technological advancements in feed production, shifts in animal diet preferences, regulatory changes impacting feed compositions, and potential impacts from climate change affecting feed ingredient availability and prices.
