The production in the prepared animal feeds sector in Germany has shown steady growth over the years. Starting from €9.43 billion in 2013, it has increased to €10.73 billion by 2023. Notably, after a slight dip in 2020, the sector rebounded with a 5.77% increase in 2021 and continued growing by 2.39% in 2022 and 2.31% by 2023. The compound annual growth rate (CAGR) from 2018 to 2023 was 0.99%, indicating a stable upward trend.
- Between 2013 and 2017, the market showed robust growth, highlighted by a 6.45% increase in 2017.
- The period from 2020 to 2021 saw significant recovery with a 5.77% rise after a prior drop of 7.76% in 2020.
- Forecast data for 2024 - 2028 suggest continued growth with a CAGR of 1.65%, reaching €11.91 billion by 2028.
Future trends to watch for include technological innovations in feed production, increased demand for sustainable and organic products, and potential regulatory changes impacting the sector. Monitoring these factors will be crucial for stakeholders to capitalize on emerging opportunities.
