In the Netherlands, the production value in the prepared animal feeds sector stood at 9.55 billion Euros in 2023. This sector has demonstrated a consistent upward trend over the years, with actual values recorded until 2023 and forecasted values from 2024 onward. Notably, from 2013 to 2023, the sector showcased an overall growth, despite some fluctuations in year-on-year variations. For instance, 2014 experienced a significant decline of 9.2%, while 2020 marked a notable increase of 5.82%. The annual Compound Annual Growth Rate (CAGR) over the last five years averaged 3.36%, indicating steady expansion. The forecasted CAGR for the next five years is 1.83%, expecting the production value to reach 10.72 billion Euros by 2028.
- The sector experienced varied year-on-year growth rates, with the highest being 7.95% in 2013 and downturns like -9.2% in 2014.
- The CAGR from 2019 to 2023 stood at 3.36%, reflecting moderate growth.
- Future forecasts predict growth stabilization, with CAGR anticipated at 1.83% from 2024 to 2028.
- The projected growth rate over the next five years is 9.49%.
Future trends to watch for in the prepared animal feeds sector include innovations in sustainable and organic feeds, the influence of technological advancements on production efficiency, and potential shifts in market dynamics driven by evolving animal health and dietary needs. Monitoring these trends will be crucial for sustaining growth and competitiveness in the sector.
