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.