The prepared animal feeds turnover in Norway stood at 3.87 billion euros in 2023. From 2024 to 2028, the forecast indicates steady growth from 3.99 billion euros in 2024 to 4.47 billion euros in 2028. The year-on-year growth rates are approximately 3% for each year within this period. The compound annual growth rate (CAGR) over the five years is estimated to be around 2.9%.

Future trends to watch for:

Increasing demand for high-quality and specialized animal feeds
Potential impacts of regulatory changes in the agricultural sector
Technological advancements in feed production and formulation
Growing awareness and demand for sustainable and environmentally-friendly feed options