The gross investment in Finland's prepared animal feeds sector showed considerable fluctuation from 2013 to 2023. In 2023, the value stood at 39.4 million Euros. The sector experienced a strong growth period from 2017 to 2018, with a peak in 2018 at 44.1 million Euros. However, investments fell sharply in 2020, only to rise again through 2021 to 2023, marking a significant recovery with a 160.92% increase in 2021 and a subsequent 40.97% rise in 2022. The sector has demonstrated a cumulative annual growth rate (CAGR) of -2.23% over the past five years. Forecasts predict steady growth, with investments expected to rise to 50.8 million Euros by 2028, reflecting a projected five-year CAGR of 4.03%.
Future trends to watch for:
- Technological advancements in feed production
- Rising demand for sustainable and organic animal feeds
- Potential impacts of global economic conditions on investment rates
- Regulatory changes affecting the animal feed industry
- Shifts in consumer preferences driving market demand