Analyzing the turnover of prepared animal feeds in Austria between 2013 and 2023, we observe a general upward trend, with the turnover standing at 1.62 billion euros in 2023. Significant growth was noted from 2017 through 2022, though the growth rate moderated slightly in recent years. Year-on-year percentages demonstrate this moderated growth, averaging around 3% from 2019 to 2023, a downtrend from earlier years’ higher percentages. The compound annual growth rate (CAGR) for the last five years averages at approximately 3%.

Future trends to watch for:

Forecasted steady growth at around 2% annually through 2028.
Potential influences of market dynamics like changes in raw material costs, regulatory impacts, and innovation in feed composition.
Sustainability and environmental impacts shaping feed production processes.
Economic factors influencing consumer demand within the agricultural sectors.