The turnover in the Prepared Animal Feeds sector in Denmark has seen fluctuations over the past decade. From 2013 to 2020, the value decreased overall from 27.09 billion DKK to a low of 23.35 billion DKK in 2019. However, since 2020, the market has shown signs of recovery, and by 2023, it stood at 25.46 billion DKK. Year-on-year variations indicate moderate growth, with the most recent years reporting positive changes: 2.06% in 2020, 2.39% in 2021, 2.17% in 2022, and 2.11% in 2023. Over the last five years, the CAGR has been 0.88%.
Looking ahead, the forecasted data projects steady growth, with the turnover expected to reach 28.01 billion DKK by 2028. This equates to a forecasted 5-year CAGR of 1.52% and an overall growth rate of 7.81%. Future trends to keep an eye on include innovations in animal nutrition, sustainability practices in feed production, and the impact of regulatory changes on the sector.
