The production value of prepared farm animal feeds in Austria has demonstrated an overall upward trend from 2013 to 2023, starting at €650.0 million in 2013 and reaching €910.8 million in 2023. The series reveals periods of variability with notable year-on-year changes, such as a significant increase in 2018 (+17.37%) compared to the previous year, while other years experienced smaller fluctuations.
The five-year compound annual growth rate (CAGR) from 2018 to 2023 indicates a moderate average annual growth of 2.7%. Moving forward, forecasted data shows a continued positive trajectory, projecting a 2.31% CAGR from 2024 to 2028, culminating in an estimated production value of €1,050.0 million by 2028.
Future trends to watch for include:
- Technological advancements in animal feed production that may drive efficiency and innovation.
- Shifts in agricultural policies and their impact on production costs and pricing structures.
- Changing consumer preferences towards sustainable and organic feed options.
- Global economic conditions affecting raw material availability and feed production scalability.
