Forecast: Prepared Farm Animal Feeds Production Value in Germany

The production value of prepared farm animal feeds in Germany has demonstrated notable fluctuations from 2013 to 2023, peaking at 7.3 billion euros in 2023. Recent years saw a steady increase, with a year-on-year variation of 4.87% between 2022 and 2023. Over the last five years from 2019 to 2023, the compound annual growth rate (CAGR) stood at 2.39%, signaling moderate growth in this sector. However, there was a significant dip in 2020, with a -13.59% year-on-year change, largely recovering by 2021 and progressing upwards henceforth.

Future trends to watch for include:

  • Technological advancements in feed production to increase efficiency and output.
  • Shifting demand towards sustainable and organic feed options.
  • Impact of regulatory changes on the feed production industry.
  • Potential influence of climate change on feed ingredient availability and prices.

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