In 2023, the production value of prepared animal feeds in Austria stood at 1,390.0 million euros. The sector has shown consistent growth over the past decade, beginning at 968.4 million euros in 2013 and reaching 1,360.0 million euros in 2022. This represents varied growth, highlighted by notable increases in 2017 (+6.81%) and 2018 (+13.56%). However, growth has moderated more recently, with a 2.72% year-on-year increase in 2023. The five-year CAGR from 2018 to 2023 is 2.58%, indicating a slowing trend. Forecasted data suggests an average annual growth rate of 1.9% through to 2028, amounting to an overall increase of 9.86% by 2028.
Future trends to watch for include:
- Emerging technologies in feed production enhancing efficiency.
- Increasing demand for specialized and organic animal feeds.
- Regulatory changes impacting production processes and costs.
- Global economic conditions influencing raw material prices.
