The employment in Austria's prepared animal feeds sector has shown consistent growth from 2013 to 2023, reaching 3.28 thousand FTEs. The sector saw significant year-on-year increases, particularly in 2018 with a 20.34% rise. The last two years exhibited strong growth rates of 5.93% in 2022 and 5.57% in 2023. The sector has maintained a robust average annual growth, with a CAGR of 5.71% over the past five years.
Future trends to watch:
- For 2024 and beyond, forecasted data predicts a continued upward trend, with an expected CAGR of 3.67% over the next five years.
- The sector is projected to grow by 19.72% from 2024 to 2028, potentially reaching 4.13 thousand FTEs by the end of the forecast period.
