The forecast for the production of prepared animal feeds in Austria indicates a steady growth from 2024 to 2028. It begins at 1.43 billion Euros in 2024 and increases annually to reach 1.57 billion Euros in 2028. Compared to the actual data from 2023, this represents an increase of approximately 9.79% over the five-year period, with a compound annual growth rate (CAGR) of around 1.89%.
Year-on-year variations highlight a consistent upward trend:
- 2024 to 2025: 2.80% increase
- 2025 to 2026: 2.04% increase
- 2026 to 2027: 2.67% increase
- 2027 to 2028: 1.95% increase
Future trends to watch for include advancements in production technology, shifts in consumer preferences towards specialized and premium feeds, impacts of regulatory changes, and potential disruptions in the supply chain due to global economic factors. Monitoring these trends will be essential for anticipating future market dynamics.
