The prepared animal feeds turnover in Denmark is projected to grow steadily from 2024 onwards, increasing from 3.29 billion Euros in 2024 to 3.36 billion Euros by 2028. This represents a slight but consistent year-on-year growth rate, averaging approximately 0.5% annually over the forecasted period. For context, the turnover in 2023 was 3.26 billion Euros, indicating a modest increase into the forecast period.
Key variations from 2023 to 2024 show an increase of around 0.92%. Year-on-year growth continues in a similar pattern with the most notable increments being:
• 2024 to 2025: 0.61%
• 2025 to 2026: 0.30%
• 2026 to 2027: 0.60%
• 2027 to 2028: 0.60%
Looking forward, future trends to watch include potential influences from changes in raw material costs, shifts in consumer preferences towards more sustainable or health-focused animal feed products, and innovations in feed technology. Additionally, regulatory changes and economic factors could impact the overall market dynamics in the prepared animal feeds sector in Denmark.
