In 2023, the prepared animal feeds sector in Italy recorded 32 high-growth enterprises, signaling a notable trend of gradual recovery and expansion since a marked drop in 2014, where enterprises fell sharply by 63.04%. From the subsequent years, there has been a mix of moderate fluctuations and steady annual growth post-2018. Notably, the last two years experienced increases of 7.14% in 2022 and 6.67% in 2023. Over the past five years, the sector observed a Compound Annual Growth Rate (CAGR) of 12.2%, underpinning robust recovery.

Looking forward, forecasts predict a continued but moderate growth with an average CAGR of 2.31% from 2024 to 2028, anticipating a total growth of 12.12% over this five-year span.

Future trends to watch for:

Technological advancements in feed production and automation.
Emerging demand for organic and specialty feeds reflecting shifts in consumer preferences.
Market consolidation through mergers and acquisitions.
Environmental regulations influencing sustainable practices in feed production.